How to foreclose HDFC credit card EMI?

I believe taking an EMI is one of the most convenient services offered by the bank. This means you don't have to pay the entire loan amount in one go. Rather you get to pay in monthly instalments which do not bog you down. I will share with you how to close HDFC credit card loan. Keep reading.

What is the process of HDFC Credit Card EMI Foreclosure?

You can log into the HDFC website or app with your HDFC customer ID and pin. 

Most services like loan applications and loan closing are given online. 

You can visit a local bank branch and speak to a bank rep there. 

They will share with you the remaining balance, closing charges and the process etc. 

Bank managers generally sign off any type of account closing/ loan closing.

This way, the customer can be retained by enrolling them in a new scheme instead.

When you repay the remaining loan amount in a single payment instead of paying multiple EMIs, it is known as foreclosure. Many banks charge their clients a foreclosure fee. HDFC does as well.​​The charge keeps on changing. To conduct foreclosure HDFC credit card EMI, just call the 24-hour Customer Care and request for foreclosure. Toll-Free Numbers are 1800 202 6161 / 1860 267 6161

You can even send an email to loan@hdfccredila.com from your registered email ID to get details about HDFC credit card EMI foreclosure. You can even take another loan or another credit card if you are eligible for it. To keep my CIBIL score high after taking a credit card, I paid all the monthly EMI without a delay. More importantly, I paid the entire EMI amount. 

This is all from my end on how to close HDFC credit card loan. 

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HDFC credit card loan foreclosure and pre-closure are provided at a nominal cost. To close the loan at any time, contact your relationship manager or phone bank at HDFC Bank. 

All HDFC Bank credit card holders are eligible for Insta Loans from HDFC Bank, up to their credit limit. Depending on their credit profile, card type, limit, and eligibility, cardholders can apply for Instant Loans. 

• No pending debts in your name

• Lower EMI amounts associated with your name if you currently have other loans or investment options

• Permit improved loan or investment possibilities in the future with the same lender.

• Enhanced Credit Rating

How to Foreclose Credit Card Loan in HDFC?

• Visit the

  MyCards

  portal on your mobile.

• Open the linked EMI section. 

• Click the loan pre-closure button after selecting the loan.

• For the HDFC credit card EMI foreclosure online, you will also need to add the last four digits of the credit card number and proceed as directed above.

SMS will be sent as soon as the bank's portal closes the loan.

I hope this helps!

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Debt is always a burden, whether you believe it or not. As long as you know that you have a loan to pay, you cannot sleep freely until you repay the whole amount. I wanted to repay all the debt for my credit card through net banking but did not know how to foreclose HDFC credit card EMI through net banking. I googled a bit about it and then understood the process. If you are wondering how to pre close credit card EMI, I can help you. So read my comment here till the end.

How to foreclose HDFC credit card loan online?

I did not get any option to foreclose the HDFC credit card loan online, so I opted for the offline method. You can either visit the bank and ask the officials to help you out, or you can call HDFC’s 24-customer service number: 1800 202 6161 / 1860 267 6161.

Do note that preclosure service charges are applicable in such cases. This is what I know about how to foreclose EMI on HDFC credit card.

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You might have taken a loan from your HDFC credit card to buy a car or for a holiday and now you want to foreclose the loan. For this, it is crucial for you to learn how to foreclose HDFC credit card EMI. There are many methods to pay off your debt with credit card. I will share the processes below for how to foreclose HDFC credit card loan.

For monthly instalments, you can opt for Net Banking, Mobile Banking App, ATM machine, AutoPay etc, but to foreclose the process is a bit tricky since you have to pay a processing fee to pay off your debt.

Generally, the bank charges 2-3% processing fee on your outstanding loan amount. 

How to foreclose HDFC credit card EMI online?

You can contact the HDFC bank and learn how to foreclose credit card EMI HDFC by emailing them. They will connect with you once they receive your query. 

You can also visit the bank and foreclose your credit card EMI. But I feel the best option is to call the customer care number. I will elaborate on how can I foreclose HDFC credit card EMI below.

• Contact HDFC customer care, credit card division.

• You will find IVR option

• Language option

• 3 for cc division

• Wait and listen to the customer care 

• Ask them about foreclosing your credit card loan.

• Make the payment

You are done! You can find the customer care number and email ID on the internet as per your location. If you are facing difficulty reaching out to customer care, you can simply visit your bank branch and talk to bank authorities about foreclosure.

This was all I have to say about how to foreclose HDFC credit card EMI. I hope you find this helpful.