How to prepay HDFC home loan?

If you are thinking about prepaying your HDFC home loans early, then I must say it is a clever decision. Even though you will have to pay prepayment charges, you will ultimately save a lot of money on the interest cost. You can pre-close your home loan in several ways; you can pay the entire amount at one time or you can pay in part. It all depends on your fund requirements. Let me explain how to prepay HDFC home loan at one shot easily. How to Do Prepayment of Hdfc Home Loan Entirely

• Prepare a list of all documents that you will be required to submit to the bank along with the application (link given below). These documents include a bank loan statement, letter requesting for closure of the loan, identity proof, tripartite agreement, conveyance deed, builder buyer agreement, sale deed of the property, possession letter, bank loan statement, etc.

REQUEST TO MAKE A PART/FULL PREPAYMENT - APPLICATION

• After that, your bank will calculate the outstanding amount as well as the interest and penalties if any.
• Next, you will have to deposit the required amount using the Demand Draft or cheque.
• After that, your bank will provide you with an acknowledgment letter specifying the same.
• The No Dues certificate and The NOC (No Objection Certificate) will be provided to you in a couple of days.
• After the loan is closed, your bank will give back all your original property papers mentioning that the property is free from amortization and you’re now the official owner of that property.

I don’t know how to pay HDFC home loan prepayment online but I am sure this guide will surely help you 😊 Also, if you want to check your home loan eligibility, you can do it via NoBroker in one click, here,

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Get a Home Loan to Purchase Your Dream Property on NoBroker  Read more: How to check principal outstanding in HDFC home loan? How to repay home loan faster? How to close home loan early?

This option is not there in online portal under home loan section and there its asking us send email to customer care HDFC to further details .

Being a bank official at HDFC, I can help you with how to prepay HDFC home loan online. It is a very simple process. You just need to visit their official website and pay your amount, just like you pay your EMI. 

How to Make Part Prepayment of HDFC Home Loan?

You can make partial payments for your HDFC home loan online by following the steps I am mentioning below:

• Visit the

  HDFC Home Loan

  website

• Login using your credentials next

• Choose the option to pay EMI

• Enter the amount you want to pay

• Select the mode of payment and pay the amount

This is the online HDFC home loan prepayment process.

How to Make Prepayment of HdDFC Home Loan Offline?

 If you want, you can 

• Download the relevant

  form

  online from the HDFC portal 

• Fill it up with relevant details and 

• Submit it to your HDFC branch. 

This is how to pre pay HDFC home loan offline. You can opt for any one of these methods as per your preference. I hope this was helpful.

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Read More:

What is HDFC Home Loan Processing Time?

It is always great if you can pay your loan early. Debt should not be kept at all. I asked a lot of people including a bank official about the HDFC

home loan online prepayment and it can be done in many ways. Visiting the bank has always been an option but now digital India has made it possible online via net banking or auto-debit. So let me share what needs to be done.

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Calculate your EMI for free with NoBroker EMI Calculator

What is the HDFC home loan pre payment process?

There are various ways by which the prepayment of HDFC loan can be done. So let me share what they are:

  Increase your EMI amount:

As Rashmi Ji said, just pay more money than the EMI via net banking or Paytm and prepay your loan to close it earlier than the mentioned ending date

  Save interest by paying partly

Part payment of your HDFC home loan helps you to save interest on the loan as the principal amount decreases

  Foreclose your HDFC home loan

Foreclosing can also be done for hdfc prepayment home loan. It means that you pay the entire loan amount at once and close the loan. Of course there are some charges but it is bearable.

 

Visit the official site of HDFC bank or click on

https://netbanking.hdfcbank.com/netbanking/

To make all the payments easily there.

 

I hope the

HDFC

home loan online prepayment processes are clear to you now.

  Read More:

What is HDFC home loan customer care email ID?

How to transfer HDFC home loan to SBI?

How to increase EMI of HDFC home loan?

Home Loan at times seem like a headache and thus if you have money, it is better to clear the loan as soon as possible. I had taken a home loan and was supposed to pay for 4 years but I opted for prepayment and within 3years 2months, I was able to clear the home loan. If you want to pay the entire amount that needs to be paid entirely, just follow the steps as mentioned by Mr. Sarthak. But if you want to know how to do

HDFC home loan partial payment online, then you can use the Internet Banking facility or online payment and pay it. 

Conditions for a salaried applicant in respect of personal loan

My uncle had availed HDFC Home Loan and as far as I remember there is some criteria to do part payment in HDFC like, if a person is salaried, he can pre-pay HDFC personal loan only after 12 equated monthly instalments have been paid completely. 

How to repay HDFC home loan online via Paytm?

Paytm is a widely used app that has made online payments super easy. You can use it for paying HDFC home loans as well. Just:

1. Go to the HDFC loan payment page after opening the Paytm app

2. Provide the Loan Account Number

3. Select the option Get Payable Amount

4. Check the amount and choose the method for paying the amount

5. Select Proceed and it is done instantly.

If you still feel confused, just deposit a cheque to the nearest HDFC Loan branch and also attach a prepayment request letter with it. You can also drop a mail on :

Customer.service@hdfc.com

And state your request as well as how to proceed with it and they will provide you the details.

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Read More:

How To Foreclose HDFC Personal Loan?

How To Calculate Home Loan Eligibility In HDFC?

How To Transfer HDFC Home Loan To SBI?