No Cost EMI - Cancellation - All Banks - Master Wiki

[ARIX]

What is the process to cancel sbi emi without closure charges ??

 

[Pravin1156]

What is the process to cancel sbi emi without closure charges ??

One month back I closed with foreclosure charges of 3% to close the emi

 

[nikhilv0303]

One month back I closed with foreclosure charges of 3% to close the emi

Doesn’t the immediate payment trick work where emi conversion itself doesn’t happen?

 

[Pravin1156]

Doesn’t the immediate payment trick work where emi conversion itself doesn’t happen?

I paid immediate payment also but customer care denied that and told you have to pay 3% charges for merchant foreclosure

 

[Sudbht]

I paid immediate payment also but customer care denied that and told you have to pay 3% charges for merchant foreclosure

after you have made the payment didn't get cancelled automatically?

 

[Sudbht]

Anyone tried ICICI no cost emi recently? Is it working still?

 

[ankit ojha]

I paid immediate payment also but customer care denied that and told you have to pay 3% charges for merchant foreclosure

SBI emi trick varified in June : pay all your due and make total outstanding at 0 , make sure it 0 , not even a paisa extra. Then wait….. the transaction will not convert into emi . At least you have to wait for 7 days ( I did not do any transaction in that billing cycle ) . ….some people also get the sms that “ emi will not converted due to zero outstanding balance” but did not get that sms.

 

[ankit ojha]

Did axis changed the emi cancellation charges ? After 12 th July?. Any update

 

[Sudbht]

SBI emi trick varified in June : pay all your due and make total outstanding at 0 , make sure it 0 , not even a paisa extra. Then wait….. the transaction will not convert into emi . At least you have to wait for 7 days ( I did not do any transaction in that billing cycle ) . ….some people also get the sms that “ emi will not converted due to zero outstanding balance” but did not get that sms.

you paid immediately?

 

[Strange]

SBI emi trick varified in June : pay all your due and make total outstanding at 0 , make sure it 0 , not even a paisa extra. Then wait….. the transaction will not convert into emi . At least you have to wait for 7 days ( I did not do any transaction in that billing cycle ) . ….some people also get the sms that “ emi will not converted due to zero outstanding balance” but did not get that sms.

Did you get reward points that txn?

 

[ankit ojha]

Did you get reward points that txn?

Yes full 5x for simpliclick

 

[ankit ojha]

you paid immediately?

Yes immediately !! within 4-5 hours, make sure total outstanding is “0” .

 

[Sudbht]

Yes immediately !! within 4-5 hours, make sure total outstanding is “0” .

Paid via app only? I am not able to pay it outside of the app.

 

[ankit ojha]

Paid via app only? I am not able to pay it outside of the app.

Then pay through app… I had previous due , thus paid all together

 

[nikhilv0303]

Yes immediately !! within 4-5 hours, make sure total outstanding is “0” .

It has to be 0 or even negative is okay?

 

[ankit ojha]

It has to be 0 or even negative is okay?

It has to be 0 or even negative is okay?

Both will be fine ….

 

[butaiiem]

Anyone with latest update on ICICI no cost EMI cancellation?

 

[ankit ojha]

Anyone with latest update on ICICI no cost EMI cancellation?

Chargeable !, so don’t try

 

[Chiraggyl]

Did axis changed the emi cancellation charges ? After 12 th July?. Any update

Did you find anything?

 

[nayra]

HDFC Update as of 19th June 2025.

NCEMI Still works .

You take a NCEMI Online -> The EMI settles within 1-3 Days -> Login to Mycards and Click on Preclose the EMI -> an EMAIL will be recieved "Preclosure request related to your HDFC Bank Credit Card." -> The next day Pay the Amount mentioned in the Email , -> Say as per Below email i am supposed to pay 27363.08 by 28th April -> after doing that The amounts charged like Preclosure charges -> pro-rata interest -> Emi convertion charges will get reverted within 3 working days ( ie by 2nd May) .The GST paid for EMI processing fee wont be reverted. total loss 53.71 ruppes . (18% of 299/-)



Attaching Image for Reference . View attachment 101043

Is this still working?

Got an offline deal for NCEMI at Reliance Digital, they state there won't be any hidden cost or GSTs on interest too, just the initial processing fee, is it accurate?

But then why people will look for preclosure? Would be great if someone updates main post if this works