I wanted to close my personal loan in HDFC on the 11th month and enquired from a bank official can I close HDFC personal loan before 1 year. I was sad to know that it is not allowed. HDFC Bank allows the borrower to close personal loans only after 12 months or a year. In fact most of the banks follow the same rule.
Can We Close HDFC Personal Loan Before 1 Year?
No dear, you cannot close the HDFC personal loan before 1 year. You can close the loan only after 12 months of availing of the personal loan. Also, you must have paid 12 EMIs plus foreclosure charges. So sorry, I cannot help you out with the process of how to close HDFC personal loan before 1 year. However, if you want to close after 12 months, you can
Login to the
HDFC Retail Assets Service Request portal
Select the linked loan that you want to close
Choose the “Type of Service” as “Foreclosure Request”
Select the reason for the Preclosure
Validate your request by clicking on the link that you will receive on your registered number next and your request will be processed
So this is how HDFC personal loan preclosure is done.
Get Your Personal Loan Approved for a Loan Amount up to Rs 10 Lakh with NB InstaCashRead More:
What Is The Prepayment Charge for HDFC personal loan?
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Authors Of The Question
Can I Close HDFC Personal Loan Before 1 Year?
RamaCH
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45 days
2024-09-30T16:14:19+00:00 2024-09-30T16:14:20+00:00Comment
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