No Cost EMI - Cancellation - All Banks - Master Wiki

[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

 

[ankit ojha]

Did you find anything?

Nope! Need confirmation from others

 

[nikhilv0303]

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

Not sure how merchant can confirm about gst on interest. Usually that’s how all emi work - gst is always there on emi