- 1 What is HDFC smart EMI interest rate?
- 2 Does credit card charge interest on EMI?
- 3 How can I check my HDFC credit card EMI?
- 4 Which HDFC credit card is best for EMI?
- 5 Can I pay all EMI at once HDFC?
- 6 What is easy EMI HDFC?
- 7 How much EMI is safe?
- 8 How is EMI amount calculated?
- 9 What are the hidden charges in no cost EMI?
- 10 How can I get smart EMI for HDFC credit card?
- 11 Will my EMI be deducted?
- 12 How can I check my debit card EMI?
- 13 What is the limit of Easy EMI HDFC credit card?
- 14 Can I have 2 HDFC credit cards?
What is HDFC smart EMI interest rate?
You have to choose the Smart EMI option, enter interest rate, loan amount, and the tenure before clicking ‘submit’ button. It shows the EMI (calculated at interest rate of 1.50% per month) you need to pay based on your loan amount and tenure.
Does credit card charge interest on EMI?
Most EMI options on credit cards carry an interest rate. This interest rate is generally lower than the normal interest rate on the credit card. The EMI is made up of two variable components- principal amount and interest rate. 15,000 and opt for EMI option at a monthly rate of 1.5% over 6 months.
How can I check my HDFC credit card EMI?
Let our step by step guide assist you in checking your eligibility via HDFC Bank NetBanking.
- Log in to your HDFC Bank NetBanking account.
- Click the Cards tab.
- Next, under Credit Card, select the Transact, then the SmartEMI option.
- An unbilled transactions page will appear.
- Select Debit as your transaction type.
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.
Can I pay all EMI at once HDFC?
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.
What is easy EMI HDFC?
With the HDFC Bank EasyEMI Card, you get to own what you desire – with the feature of Automatic EMI conversion at 9 months on spends above ₹10,000. You also earn CashBacks on every online and offline spend made using the HDFC Bank EasyEMI Card. With the HDFC Bank EasyEMI Card choose to Live Better Every Day.
How much EMI is safe?
House-related expenses, be it loan EMIs (equated monthly instalments) or rent, can also send your cashflow haywire. While the combined EMIs of all your loans should not be more than 45-50% of the total income, home liabilities should not exceed 35-40% of the income.
How is EMI amount calculated?
The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
Under the three-month EMI plan, the interest rate charged is 15 per cent and you would have to pay an interest amount of Rs 2,250. Interest is added to product cost.
|Actual Cost of the product||Rs 15,000|
|Offer Price under Zero Cost EMI Scheme||Rs 17,250|
|Total Cost to be paid by you via EMI||Rs 17,250|
How can I get smart EMI for HDFC credit card?
Do note that you need to hold an HDFC Bank Credit Card currently.
- NetBanking: Login to your NetBanking account and check your SMART EMI eligibility under Cards – Credit Cards – Transact – SMART EMI.
- PhoneBanking: our 24×7 PhoneBanking service will assist you towards the process to verify your eligibility.
Will my EMI be deducted?
So unless you have specific approval from your bank, your EMIs will still be deducted from your bank account. The RBI has stated in its guidelines that lending institutions should frame board-approved policies for providing reliefs on loans and credit card dues to all eligible borrowers.
How can I check my debit card EMI?
To check eligibility for EMI on the debit card, you can call your bank’s customer care number or send SMS. Once you call or send a message to your lender, you will get the eligible loan amount and merchant name where the offer can be availed.
What is the limit of Easy EMI HDFC credit card?
|Minimum Income||HDFC Bank Salary Account Customer – ₹ 15,000* Others – ₹ 18000 Self Employed – ITR of ₹ 1.5 lakhs|
|Tenure||12-36 months (depending on product type)|
|Minimum Loan Amount||₹ 10,000|
|Maximum Loan Amount||Durables: ₹ 5,00,000 LSP: ₹ 15,00,000|
Can I have 2 HDFC credit cards?
Getting approved for Multiple HDFC bank credit Cards: So having 5 Lakh or more limit on a single card increases your chances of holding multiple credit cards from HDFC, usually limited to maximum of 2 cards per person.