Can I close HDFC Insta loan?

How can I close my insta loan in HDFC Bank?

Closing the Insta Loan is much similar to closing all other loans. After completing all the repayments, you can call up the customer support of HDFC Bank to request for a ‘No Objection Certificate’ (NOC). You can also pre-close the loan before completing the tenure.

Can we pre-close HDFC Insta loan?

The loan once approved, it can only be pre-closed. In case of pre-closure of the loan, a charge, currently 3% of the balance principal outstanding plus GST will be applicable.

Can we pre-close Insta jumbo loan from HDFC?

Yes, you can pre-close your HDFC Insta Jumbo Loan at any given point of time. Please note that you will be charged a prepayment charge of 3%. This will be on the balance principal outstanding.

Can we close HDFC loan online?

No, you cannot close the personal loans online for HDFC Bank. Individuals are required to visit the HDFC Bank Branch to close the personal loan. Below are the steps to close the HDFC Bank personal loan: Visit the nearest HDFC Bank branch.

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How do I close a jumbo loan?

What to do:

  1. Visit bank with the complete set of documents (as mentioned above).
  2. You may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account.
  3. Pay the pre-closure amount.
  4. Sign the required documents, if any.
  5. Take acknowledgement of the balance amount you have paid.

How can I track my jumbo loan in HDFC?

Login to NetBanking, Click Cards > Credit Cards > Transact > Insta Jumbo Loan. Visit to know more.

Can I close my HDFC personal loan before 1 year?

If you have taken a personal loan from HDFC Bank, the bank will allow you to make prepayment or pre-closure ahead of the tenure. The bank has a lock in period of one year within which you can neither pre-close your account nor make prepayments.

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.

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

How do I repay my insta jumbo loan?

Repayment Modes for Jumbo Loan

  1. The EMI for Insta Jumbo Loan is billed on a virtual Jumbo Loan Account number AAN and the AAN is shared in SMS, email and Amortization schedule after the loan is successfully booked.
  2. The EMI billing date is as mentioned in the amortization schedule.

How does HDFC foreclose credit card EMI?

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. In case of preclosure, any payback offered by the merchant at the time of loan booking will be debited on a pro-rata basis.

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How does HDFC Insta loan work?

A maximum of 2 HDFC Insta Loans can be availed at any point provided you meet the eligibility criteria. The loan can’t be cancelled once it has been approved and processed. The interest rate and the processing fee will be confirmed while booking the loan. The tenure once set cannot be changed.

How can I pay my jumbo loan through HDFC Netbanking?

Enter your HDFC Bank overdueLoan account number and Date of Birth. Select your net banker from drop-down and click on PAY. You will be securely redirected to the bank payment interface of your chosen net banking option. Confirm your payment amount towards your HDFC Bank Loan account.