HDFC Plot Loan

[Flaber]

Hi Everyone

Does anyone know what happens if a house is not built in a plot that was bought through HDFC Loan before 5 year tenure and if the loan is not yet cleared? I know that interest rates will be increased after the 5 year period and what are the other consequences? any idea?

[nag]

if the question is limited to what happens if house is not built -- by now loan might have been converted to mortgage loan and interest rate will be increased as you mentioned.

If you are planning to evade the payments.. bank might have opted for a loan insurance and made you pay the premium (upfront)

I'm still not getting your question 100% , tried replying based on what you posted