Insta Loan On Card TC
Insta Loan On Card TC
Insta Loan On Card TC
Festive Cashback Offer on Processing Fees From Oct 22nd,2019 to Oct 25th,
2019!!!
Processing fees indicated in the netbanking offer/communicated by the respective sales
executive/amortization letter, will be levied on the loan upon loan booking.
From the processing fee charged on the loan, Rs100 will be retained by the bank and the
remaining amount will be posted as a cashback to the card within 90 days of loan booking.
This offer is valid only for loans booked from Oct 22nd, 2019 to Oct 25th, 2019.
Loans preclosed within 90 days of loan booking will not eligible for this cashback offer.
GST charged on the processing fees will not be reversed.
• The loan is sanctioned at the sole discretion of HDFC Bank.
• Processing Fee levied is upto Rs700, (Exclusive of GST for all loan amounts) depending on the customer’s
eligibility/offer details.
• For the First EMI, the Interest will be calculated from the loan booking date till the payment due date. This
is applicable only for the First EMI of the loan, interest for the remaining EMI will be as per the statement
cycle.
• Your availing of the loan will be deemed to be your unconditional acceptance of the terms and conditions and you
will be bound by the same.
• Only Select HDFC Bank Credit Card Customers are eligible for the loan. HDFC Bank reserves the right to
decide the eligibility as per internal policy and guidelines.
• Customer ID, Name and Date of Birth updated in the Credit card system should match with the Customer ID,
Name and Date of Birth updated in the Savings account to get Instant credit. Else loan will get processed / rejected
on the subsequent working day post internal checks.
• The loan will be processed subject to available credit limit i.e. the loan amount should be less than or equal
to available credit limit on the credit card at the time of processing the loan request.
• The loan amount will be blocked against the credit limit. Cash limit will be zeroised and you would be unable
to withdraw cash using your HDFC Bank Credit Card. The facility of cash withdrawal would be restored on payment
of your loan in full / pre-closure of the loan whichever is earlier.
• If the loan is availed through Demand Draft, it will take 7 working days for the Demand draft to get delivered. Please
note if your credit card statement date falls in between this period, 1st EMI of the loan will be billed in the statement.
• Monthly payment dues will include EMI and GST on the interest amount of the EMI.
This monthly payment due will be billed in the monthly statement starting from the immediate billing cycle
date and be part of the Minimum Amount Due (MAD) appearing in your monthly HDFC Bank Credit Card
statement. Payment of MAD is required to keep your card regular.
• For Customers without HDFC Bank Savings Account: Demand Draft (DD) drawn in favor of the customer's
name as per HDFC Bank credit card records which will be delivered within 7 working days.
• HDFC Bank reserves the right to change at its discretion the mode of disbursement requested by the customer
at the time of booking.
The bank will not be responsible for non-receipt or delay in delivery of DD due to non-availability of the customer at
the time of delivery to the registered address as per HDFC Bank credit card records.
HDFC Bank will not be responsible for any debit levied on account of charges / fees from the loan amount credited to
your account.
• Processing fees will be levied during the immediate billing cycle post loan disbursement.
• The loan will be secured with an Accidental Death Insurance without any additional cost to the customer. This
insurance will cover principal loan amount till the loan tenure and in case of cancellation, closure or pre-closure the
insurance policy will cease to exist. In case of accidental death of customer, their kith or kin need to raise claim with
the insurance company (Aditya Birla Health Insurance Co. Limited) to avail policy benefits. For any queries on the
same, please contact: 1800 270 7000 (chargeable) or write to [email protected].
• As the pre-closure charge is subject to change, we request you to contact phone banking for the applicable
charge if you decide to pre-close the Loan.
HDFC Bank reserves the right to revise the pre-closure penalty at its discretion.
Additional interest if any on the principal outstanding from last statement date till date of loan pre closure need to be
paid by customer.
The terms and conditions contained in the Card Member Agreement apply over and above the terms and
conditions for this Loan. In case you do not agree to any of the details above, or require any further assistance,
please contact Phone Banking.