Can I close HDFC loan after 6 months?

HDFC Bank enables a personal loan borrower to make a pre-closure or a pre-payment of loan. However, you will be able to prepay your HDFC personal loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable.

How can I pre close my bike loan in HDFC?

1. You can send request through online request (write to us)
2. You can Personally Visit your nearest/ respective Branch.
3. You can email us at [email protected] through your registered email ID,or.

How can I close my HDFC Bank 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.

Can I foreclose my bike loan?

Yes, there might be foreclosure charges depending upon the loan tenure and EMIs paid till date.

Can I close my HDFC personal loan after 1 year?

HDFC Personal Loan Preclosure Charges As discussed above the bank does not allow any prepayment or pre-closure within one year of the first EMI. Only part payment is allowed after that. This is allowed only once in a financial year and twice during the entire loan tenure.

How can I pay HDFC bike EMI online?

How to Make HDFC Loan Payment Online at Paytm?

1. Go to HDFC loan payment page on Paytm.
2. Enter your Loan Account Number.
3. Click on ‘Get Payable Amount’
4. Check the payable amount and choose the payment method of your preference Proceed to make the payment.
5. You are done with it.

What is loan foreclosure?

What is loan foreclosure? Loan foreclosure is the full repayment of the remaining loan amount in one single payment instead of paying it back in multiple EMIs. It is an existing part of your personal loan process in which you can repay the loan before your scheduled EMI period.

What to do after loan is paid off?

After completing the repayment of your car loan, there are five important things that you need to do as we explain below:

1. Take final payment receipt.
2. Take a No Objection Certificate.
3. Get your repayment statement.
4. Remove hypothecation.
5. Update your car insurance policy.