Credit card holders can transfer the outstanding balance from their other bank credit cards to a new or existing HDFC Bank credit card and make convenient repayments using monthly instalments. HDFC also offers the flexibility of transferring the outstanding balance from other products like two-wheeler loans, personal loans and car loans to an HDFC credit card. Customers can make these kind of loan transfers easily and convert their higher monthly instalment amounts into comparatively lower amounts through the Balance Transfer on EMI facility. The loan amount that has been transferred will be adjusted against the customer’s credit limit.
HDFC Bank customers have the flexibility of fixing the monthly instalment amount for as low as Rs.27 for every Rs.10, 000.
HDFC Bank offers flexible repayment tenure options for balance transfer transactions.
The disbursement of the loan will be done via Demand Draft (DD) by HDFC Bank at the earliest. The DD will be taken in favour of the customer’s other bank name inclusive of the other bank loan account number or credit card number.
The loan amount availed through Balance Transfer on EMI should be equal or lesser than the existing credit limit on the HDFC credit card.
A processing fee of 1% of the loan amount will be levied by HDFC Bank on Balance Transfer on EMI transactions.
The minimum monthly repayment amount has to be done by customers as per the HDFC Bank Credit Card statement.
HDFC credit card customers cannot partially repay or close the loan taken under this facility.
If the credit card holders chooses to pre-close the loan, then a penalty of 3% of the outstanding principal amount will be charged.
A service tax of 14% will be levied by HDFC Bank on the interest amount, pre-closure charges and the processing fees.
Eligibility for Balance Transfer on EMI
The Balance Transfer on EMI can be availed only by select HDFC Bank credit card customers. To check the eligibility, customers can use the Phone Banking service or register for a call back on their registered phone numbers from the customer care helpdesk and then apply for the balance transfer facility.
Cancellation of HDFC Credit Card Balance Transfer On EMI
Once your loan is approved, you can cancel your HDFC balance transfer facility only within 3 working days from the loan booking date. After three days you cannot cancel the facility but can pre-close it.
HDFC Credit Card Balance Transfer On EMI Foreclosure
Pre-closing your HDFC balance transfer facility is allowed only after completing six months of loan tenure. In case, you have opted for tenure less than 12 months, you will not be allowed for pre-closing your facility.
A foreclosure fee of 3% of the remaining principal outstanding balance will be charged for pre-closing loans before the tenure.
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I am using HDFC BANK titanium credit card for past 4 years. I am very much happy with the limit provided and as been enhanced twice. It is a life time free card. I get more book my show offers, for fuel I get more reward points. Emi and balance transfer options both are available.
HDFC credit card is useful for me in the shopping purpose and purchasing of petrol. HDFC feature is good when i compared to other cards and my friend has suggested me about this card. Only thing I'm facing the issue, in their app I'm unable to check my balance and outstanding payment details. I received the card 1 month ago but i have not got any welcome call or welcome kit.
For the past 3 years I am holding HDFC bank credit card. It is an annual fee chargeable of 1000 rupees. The credit limit is sufficient for this card to use. There is no balance transfer facility. It is complicate to convert for an EMI option there is no option for full amount conversion. I am using this card for an online shopping and get discount of 10%.
I have the HDFC Bank credit card limit provided is Rs.1,00,000 and I am using this card for pasy 2 years. I use to check the mobile application for the credit card balance and the statement. The transaction are very easy, have not done the EMI conversions yet.
I am using HDFC Bank credit card which was taken through Bank .I am using this card for the past 8 years and this was a free card .I have got all the required details very clearly about this card through the agent.Can redeem the reward points ,cash on loan is available and balance transfer is also there so these are the best features.
HDFC card is a good but its not best, it has normal features for the daily today life. I have money back card but nothing we won't get it back because its a regular one. Anyway I don't required any customer support from them, However this card has balance transfer, flexi pay and emi option with less rate of interest.
I am using HDFC bank credit card from past 3 months, Credit limit is very good and using the mobile application which is user friendly where I can see my usage, balance, and my reward points, rate of interest on the EMI options are nominal and customer care service is available 24/7.
The executive is very helpful from HDFC BANK and have been using the salary for almost 9 years. There is no need to maintain a minimum balance. The interest rate is better for savings and loans. I have access for online services which was user friendly.
I am having the credit card with HDFC BANK where the credit limit given with the card was 50K, It is sufficient and also it is a life time free card to use. There is a EMI option and balance transfer is there with the card. The application is easy and comfortable to use.
Its a very good experience with HDFC and am accessing my salary account for last one year. The helpline number is provided and they are working 24/7. I got a zero balance account. I am using net banking which is not that user friendly but need to explore that. ATM's are quite sufficient but I feel like its little complicated when I started with HDFC BANK.
I am using a visa credit card with HDFC bank for more than 10 years. This card was applied directly to bank and the process was good. It is a life time free credit card and the credit limit is sufficient. I use this card for shopping, restaurants, fuel purposes. Based on the usage I have not receive points yet. If I do balance transfer charges are high.
I am using the credit card with HDFC BANK where the card has the good credit limit and also it is a life time free card to use. I am not aware of the offers provided by the card but there is a EMI and balance transfer option is provided by the credit card.
There are no benefits provided with the card and there are offers like cash back, rewards points, movie tickets with the HDFC BANK. There are EMI option to be converted, also there are no balance transfer option. The application is good to use.
I am using this salary account for almost seven years where i am quite satisfied with the services which they had provided. There has been some good benefits in holding this account where they also provide me with a very good service. It is a zero balance account as well.Overall it is good .
I am using HDFC Money back credit for last one year. There is no special benefits, only they have given 50days for credit payment. The loan options are available. They are charging annual fee but it will be reversible on my maximum usage. They are charging 1.45% ROI monthly. The credit limit is good. I am looking for balance transfer option.
I am using the card since from last 2 years, they have offers with cash backs, rewards points in online discount. The card has the good credit limit and it is a life time free card. They have given with the EMI options and balance transfer option is there.
HDFC is also chargeable card. Its not a good card to use. I have already paid the Rs. 10000 in advance after that i have swipe the card because there is a balance transfer for paying my EMI and when i ask for the money, they have asked me to apply for a new card. Once, i apply the card also, its not a life time free card.
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Reviewed on Jun 24, 2019
The service wise its poor in HDFC because they charged me some EMI charges, interest rate. There is no use of the points whatever i earned. When i want to redeemed the points, there is no redeemed option for Noida customer. Their customer care people are very aggressive. There is no facility of balance transfer and etc.,
I am holding the card with HDFC BANK since from last 3 years and the card has the good features like rewards points, fuel sur charges wave off, EMI option, balance transfer is there. The card has the good credit limit and it is a life time free card.
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Reviewed on Jun 19, 2019
The experience with the card is good where they have offers of lounge facility, rewards points, promotional cash backs, they provided offers for all king of usage. The card has the good credit also it is a payable card is 1500 rupees. The card has the EMI, balance transfer, The application is good enough to use, sometimes it is difficult to use the application.
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, new delhi
Reviewed on Jun 19, 2019