HDFC allows delay of Nov EMIs for Chennai customers

Country’s leading mortgage lender has decided to extend assistance to its home loan customers impacted by rains in Tamil Nadu. ”Understanding the gravity of the situation, HDFC has decided to be sympathetic towards its home loan customers impacted by the rains for delay in EMI payments for the month of November, 2015,” HDFC said in a statement.

HDFC has also decided to offer Quick Home Improvement Loans to all people whose properties have been impacted by the rains.

“There will be no processing fees on all such loans. This will be valid only for all loan applications submitted on or before December, 31 2015 subject to HDFC's norms and eligibility criteria", said Renu Sud Karnad, Managing Director, HDFC.

Torrential downpour has caused havoc and great difficulty to fellow citizens in Tamil Nadu especially in Chennai. We salute each and every individual who has provided help in every possible manner, the company statement added.

News source: The Hindu