Question 1

What is an EMI?

Accepted Answer

The full form of EMI is equated monthly instalment, which is a fixed sum you have to pay each month. This includes repayment of principal and interest. The amount of EMIs you have to pay depends on the loan amount or principal, tenure, and the rate of interest.

Question 2

What if I change my mind after sanction?

Accepted Answer

You can cancel loans only only within two days of disbursal of the loan. There are no cancellation charges, but the processing fee and applicable taxes collected will not be refunded.

Question 3

What are the fees and other charges?

Accepted Answer

Transparency is a crucial factor for us. Our nominal and extremely competitive fees and charges are listed below. You will never be billed for anything else.The processing fee is 1 % to 3 % of the loan amount + GST as applicable.Foreclosure charges depend on tenure.You can only foreclose a personal loan 12 months from the date of disbursement.Charges are collected on the principal outstanding + GST as applicable.Charges for varying tenures are: 2 - 24 months: 4.5 % 25 to 36 months: 2.5 % 36 months or more: 2 % You have to pay the same rates for part - prepayment,which can only be done 12 months after the date of disbursement subject to a maximum of two prepayments in a year.Charges of Rs.600 per instance + GST,and penal interest at 24 % per annum will apply in cases of default.

Question 4

How do I pay my EMI?

Accepted Answer

Paying your digibank by DBS personal loan in Hyderabad EMIs is easy. It will be debited from your digiSavings account. All you need to do is ensure that your account has enough funds at least two days before the EMI payment date. EMI can only be paid through your digiSavings account. There’s no option of repayment from other bank accounts. We'll also send you regular EMI due date and EMI payment notifications.

Personal Loan in Hyderabad

Personal Loan in Hyderabad

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