HDFC Credit Card EMI Cancellation

[satwiksawadia]

Hdfc now charging 3 percent plus gst for emi cancellation now cancellation is removed and only emi foreclosure is being charged for all credit card emi's

 

[Anupama_Jha]

Okay. How did u confirm?

 

[shomil97]

Any trick to reverse this emi cancellation charge or loan preclosure charges

 

[satwiksawadia]

Okay. How did u confirm?

Confirm what i tried everything now emi cancellation not possible on hdfc credit card until refund received from merchant end

 

[BanarasiBabu]

The trick here is to add 2 products when ordering and cancel secondary product before the product is shipped or dispatched and once the EMI is converted, you will see a partial refund, call the customer care and mention you want to cancel the whole EMI.

Make sure that secondary product has >10% price of the targeted product as HDFC requires >10% amount to be refunded from merchant in order to cancel the whole EMI.

 

[Anupama_Jha]

The trick here is to add 2 products when ordering and cancel secondary product before the product is shipped or dispatched and once the EMI is converted, you will see a partial refund, call the customer care and mention you want to cancel the whole EMI.

Make sure that secondary product has >10% price of the targeted product as HDFC requires >10% amount to be refunded from merchant in order to cancel the whole EMI.

Woooow dude 😎

How did u configured this?

 

[Divaksh]

The trick here is to add 2 products when ordering and cancel secondary product before the product is shipped or dispatched and once the EMI is converted, you will see a partial refund, call the customer care and mention you want to cancel the whole EMI.

Make sure that secondary product has >10% price of the targeted product as HDFC requires >10% amount to be refunded from merchant in order to cancel the whole EMI.

Not working anymore, now minimum 51% refund is required.

 

[Dr Cards]

Not working anymore, now minimum 51% refund is required.

Any updates ??

 

[Virtual King]

Any updates ??

No, as on 27 Feb 25 it is not working now.

You can check my post on this here.

 

[Divaksh]

They have stopped doing it, no option is left now.

 

[BanarasiBabu]

Not working anymore, now minimum 51% refund is required.

No, as on 27 Feb 25 it is not working now.

You can check my post on this here.

You can still do by sending an email. After Dec, cancelled 3 EMIs. The latest one was in Feb.

 

[Farhad sekh]

You can still do by sending an email. After Dec, cancelled 3 EMIs. The latest one was in Feb.

To which mail id you sent the mail ?
Can u share the format?

 

[Raghu080]

Does this work?

You can still do by sending an email. After Dec, cancelled 3 EMIs. The latest one was in Feb.

 

[Apun]

• Purchases eligible for Instant Discount/ Cashback on HDFC Bank Credit Card will not qualify for Reward Points. The same will be reversed within 120 days of end of cashback posting month or end of offer month for Instant discount offers.
• In the event of customer preclosing/ cancelling EMI on an originally Credit Card EMI or Debit Card EMI transaction, 'Preclosure Interest charges' + 3% Preclosure Fee on principle Outstanding (as applicable) will apply at the time of preclosure. Benefits like payback / Instant discount etc offered by the merchant at the time of loan booking will be debited within 120 days of EMI closure.
  
  
  This is written in HDFC offer TnC in flipkart, has any's discount got reverted if emi is cancelled? preclosure 3%+gst is charged for sure.