How to close HDFC jumbo loan?

If you\'ve taken an HDFC Jumbo Loan and want to know how to close jumbo loan in HDFC. Let me tell you that HDFC Jumbo Loan can be closed by visiting the HDFC Net Banking portal. This is an overdraft-based loan offered to HDFC credit cardholders.

How to Close HDFC Jumbo Loan?

Log in to

. Go to the Credit Card section. Click on \"Jumbo Loan\" to check the outstanding balance. Alternatively, check the HDFC Mobile App or your monthly credit card statement for loan details.

HDFC allows you to prepay the full outstanding amount before the loan tenure ends. There may be a foreclosure charge (typically 3-5%) on the outstanding principal. Contact HDFC customer support at 1860 267 6161 to request foreclosure details.

1. Net Banking: Transfer the remaining loan amount using your linked HDFC account.

2. Credit Card Payment: Pay through BillDesk, UPI, or NEFT to settle the loan.

3. Mobile App: Use the HDFC app to clear the pending amount.

Once the payment is made, call HDFC Customer Care and request a loan closure confirmation. You can also visit an HDFC branch and get a closure receipt. After loan closure, your credit card limit should be restored. If not, verify with HDFC support.

Prepayment is allowed but may attract foreclosure charges. Use net banking, UPI, or credit card payment to close the loan. Always request a closure confirmation to avoid future disputes.

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What is the Difference Between HDFC Jumbo Loan vs Personal Loan?

I have a salary account in HDFC Bank. Last year I applied for Jumbo Loan from HDFC Bank within a few minutes. I used the loan amount for an emergency situation. And I closed the loan just two months ago. So, yes, I can tell you

HDFC jumbo loan closure online. It is quite simple, just follow the steps I tell you.

How to Foreclose Jumbo Loan in HDFC?

To foreclose your Jumbo Loan, you will have to raise a loan-preclosure request.

1. Go to the

   Loan Pre-closure Request

   page

2. Click on the MyCards section, or go to:

   https://mycards.hdfcbank.com

    

3. However, you should know that MyCards is only available on mobile devices. So you can open this link using your mobile device or just scan the scanner code to go to the page using mobile device.

4. Then go to linked EMI section on MyCard and select the loan & click the loan pre-closure button.

5. If you are new to Mycards, just add last 4 digit of Credit Card No and follow the above steps to pre-closure the loan.

This is the simple process on

how to close credit card jumbo loan in HDFC.

Are you searching for how to close HDFC credit card jumbo loan? I have been in the banking business for close to 10 years now and feel qualified to answer this question.

How to close jumbo loan HDFC online?

An HDFC jumbo loan closing involves meticulous planning and careful tips for detail. You can follow the below steps to close it:

• As Srijita Ghosh mentioned, call your HDFC banker customer care at

  1800 202 6161 / 1860 267 6161

  and inform them you want to close your loan (pre-closure). You will be charging 3% interest on the remaining bill. After the banker approves, you must keep the complete money in your bank account for a specified period. It will close your Jumbo account immediately.

• You can also close your Insta Jumbo Loan via

  https://mycards.hdfcbank.com/

  . Log in with your mobile number and scroll to the linked EMI section. Choose your loan and tap on the loan pre-closure button.

Following completion of all of these steps, the lender will notify you that the loan has ended and that you are no longer obligated to the HDFC jumbo loan. I hope you understand how to close Insta Jumbo Loan HDFC online.

So, before telling you how to close HDFC jumbo loan, I will share with you what is HDFC jumbo loan. HDFC jumbo loan or HDFC jumbo cash is a type of pre-approved loan that is offered the credit limit of HDFC Credit card. This loan amount is not blocked against the credit limit you have. 

• Any customer with an active HDFC Bank savings account can avail of this loan.

• To check the eligibility criteria you can check your net banking, phone banking or contact the sales officer through the registered contact number.

A new card is provided for the Insta Jumbo Loan account. But the billing cycle and payment is the same as a credit card account. The bill for the EMI is sent to the monthly account statement. The autopay option is enabled from 7 days from the date of booking the loan. For jumbo loans, you will have to maintain sufficient funds in your savings account before payment due date.

How to foreclose HDFC jumbo loan online?

You can pre-close your loan but for this you will need to pay a charge. As of now, for preclosure, you need to pay a 3% charge fee of the balance principal amount. The tenure you have at the time of booking cannot be changed. If you have to pre-close you need to contact Phone banking because the charges applicable may vary. To contact phone banking click on the link below:

This is the process of how to close jumbo loan in HDFC. I hope you understand how to close HDFC jumbo loan.

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