Chennai Rains: HDFC to Waive Off Penalty on EMI Delay in November

New Delhi: With heavy rains causing havoc in Chennai, top loan lender HDFC has decided to waive off any penalty on its domestic mortgage clients impacted with the aid of the rains for any delay in EMI bills forclosing month.

“HDFC has also determined to offer brief domestic development Loans to all and sundry whose homeshad been impacted via the rains. There could be no processing charges on all such loans,” HDFC Ltdcoping with Director Renu Sud Karnad said.

this will be legitimate best for all loan applications submitted on or earlier than December 31, 2015,problem to HDFC’s norms and eligibility standards.

Torrential downpour has caused havoc and incredible difficulty to humans in Tamil Nadu, in particular in Chennai.

know-how the gravity of the scenario, HDFC has decided to be sympathetic toward its home mortgagecustomers impacted through the rains for put off in EMI payments for the month of November 2015,” HDFCsaid in a announcement.

one at a time, Reliance existence coverage stated it has asked all its agents and sales team of workersto name all of the customers in Chennai and check for his or her nicely-being. The company has over 1.five lakh customers there.

that is a part of the ‘pleasant business practices’ being introduced in by using Reliance existenceinsurance‘s overseas companion Nippon lifestyles.