FAQ: How To Pre Close Hdfc Credit Card Loan?


How can I close my HDFC credit card loan online?

How can I close my HDFC credit card online?

  1. Login to your HDFC Bank net banking account.
  2. Click on the tab of Credit Cards and the left-hand side, click on the option of Credit Card Hotlisting.
  3. Select the Credit Card number to hotlist.
  4. Add a reason for hotlisting of the credit card.

Can we pre-close credit card EMI HDFC?

The EMI scheme can be pre – closed by calling the 24 hour HDFC Bank Credit Cards customer service. ‘Preclosure Interest charges’ (as applicable) will apply. Cancellation will be allowed only if customer calls within 4 days post transaction date.

How can I cancel my HDFC credit card loan?

After obliging with all the repayments, you can call up the customer support of HDFC Bank to request for a NOC (No Objection Certificate). You can also pre- close the loan before completing the actual tenure. However, you may be charged a penalty fee for pre-closure.

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Can we pre-close HDFC Insta Loan?

HDFC Bank reserves the right to decide the eligibility to avail HDFC Insta Loan. The loan can be pre – closed at any time and the pre – closure charge is 3%. Service tax is 14.5% per annum and it is charged on the interest amount of EMI on a monthly basis and is charged on the processing fee and pre – closure charge.

Is it good to pre close personal loan?

The pre – closure facility reduces your debt burden; hence it would be a good option for your financial health. No impact on your credit score: Foreclosure or pre – closure of the Personal Loan does not affect your credit score.

Does pre closure of loan affect cibil?

Multiple unsecured loans can have bad impact on the CIBIL score. Since you are planning for a home loan in 2 months therefore it is better to opt for a pre – closure of personal loan to reduce the extra leverage taken over your financial position. Pre closure may not directly affect your score.

Can I pay all EMI at once HDFC credit card?

Can I Pay All The EMI at Once at HDFC? Whether you have taken a personal loan, home loan, car loan, or any other loan product from HDFC, the bank allows you to repay the remaining EMIs at one go. Repaying all EMIs at once is known as pre-closing the loan account.

Which HDFC credit card is best for EMI?

HDFC Bank Easy EMI credit card has a number of unique features such as: Auto conversion of transactions on and above Rs. 10,000 into 9-month easy EMIs. Numerous cashback benefits on online and offline spends as well as wallet reloads.

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How can I get smart EMI for HDFC credit card?

Do note that you need to hold an HDFC Bank Credit Card currently.

  1. NetBanking: Login to your NetBanking account and check your SMART EMI eligibility under Cards – Credit Cards – Transact – SMART EMI.
  2. PhoneBanking: our 24×7 PhoneBanking service will assist you towards the process to verify your eligibility.

Can I get loan on HDFC credit card?

HDFC Bank offers three types of loans on Credit Card – Insta Loan (a loan within your Credit Card limit) and Insta Jumbo Loan ( loan beyond your Credit Card limit) and SmartEMI (convert purchases into EMI loans ). Follow these steps, if you opt for Insta Loan or Insta Jumbo Loan: Choose the card you want the loan against.

Can we cancel EMI on credit card?

EMI transaction requests, once submitted, cannot be cancelled /modified/reversed until the same have been approved/rejected by the issuing banks of the credit card holders.

How can I reduce my personal loan EMI?

Simple Ways to Reduce Your Loan EMI

  1. Opt for a Higher Down Payment.
  2. Choose a Loan With a Longer Repayment Tenure.
  3. Go for a Step-Down EMI Plan.
  4. Consider Taking Loans With Your Existing Bank.
  5. Negotiate With Bank For Lower Rate.
  6. Compare Before You Switch Your Lender.
  7. Full or Part Prepayment Helps Reduce Loan Burden.

How much loan can I get on 60000 salary?

However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs. Multiplier Method.

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Salary Expected Personal Loan Amount
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs


How does HDFC Insta loan work?

HDFC Bank Insta Loans are pre-approved loans that can be availed by HDFC Bank Credit Card holders. This loan is approved against the credit limit of the HDFC Bank Credit Card holder. So, the credit limit gets reduced by the amount of the loan availed. Also the cash limit on the card becomes zero.

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