https://www.desidime.com/comments/permalink/10349003
in both the cases you are getting same discount , so why opting for no cost emi if you are going to cancel it anyways
Understanding the No Cost EMI Cancellation Trick
- 1665
- 25
-
- Last Comment
If I want to buy a phone on Flipkart using HDFC CC, my options are:
1. If I choose Pay full amount of ₹25107
2. If I choose Pay with EMI - No Cost EMI at ₹4177/month
If I choose (2) and then cancel the EMI, how much total discount will I get? What will be the amount charged to the CC?
Top Comments
24 Comments
|
14 Dimers
- Sort By
https://www.desidime.com/comments/permalink/10349029
It's not what it is. Both scenarios are the same.
View 1
more reply
https://www.desidime.com/comments/permalink/10349069
~ ₹23,979 will come as OTP and same will be charged.Â
If you cancel before it's gets converted into EMI, you'll be charged (above price mentioned) only + few negligible charges on some cards.
If cancelled after amount converted to EMI, you'll have to pay foreclosure charges.
You may check No cost EMI Cancellation Guide for cancellation of EMI with nil/negligible charges.
https://www.desidime.com/comments/permalink/10349254
How to cancel before it gets converted to EMI?
View 7
more replies
https://www.desidime.com/comments/permalink/10350053
Nice post VU+ to clear all these doubts among fellow dimers
https://www.desidime.com/comments/permalink/10350965
Txn amount= 23979
• Processing fee & gst = 299 & 53.82
[After emi foreclosure, 299 processing fee will be reversed but gst of Rs 53.82 will not be reversed. If your bill is generated inbetween emi activation & emi cancellation, then processing fee also non-reversible.]
• Interest according to no. of days on which emi was active. [If foreclosed within 1 day of activation, approx 20 Rs interest will be charged.]
So, final amount payable to bank = Rs 23979+ Rs 53.82+ Rs 20(approx) = Rs 24052.82 approx.
https://www.desidime.com/comments/permalink/10377595
Pre-closed the EMI yesterday, just received this:
Preclosure request related to your HDFC Bank Credit Card
Dear Cardmember,
Thank you for banking with HDFC Bank.
We want to confirm that basis your request, we have preclosed your loan A/C 00000000001234567890.
Next steps for you:
1. ??Kindly make the payment on the next day of the preclosure date.
(For e.g. if the preclosure is done on 27th April, make your payment on
28th April??)
2. Preclosed Loan Amount of Rs: 26081.57
Here's the break-up of your Pre-close Loan Amount:
1. Loan Outstanding: 25878.00
2. 3% Preclosure Charges: Rs. 0
3. Pro-rata interest Rs. 172.52}
4. GST (on Preclosure charges and pro-rata interest) : 31.05
Please note that unpaid dues/EMI from the latest statement is payable separately and is not included in the preclosure outstanding.
Non-payment of these dues bank charges as applicable.
Any future preclosure requests,please access mycards.hdfcbank.com.
If you change your mind and wish to revoke your preclosure request, call
us on our 24hour Phone Banking numbers by(Same date of loan preclosure
request)01/10/2024.
Here's the link to find our PhoneBanking no: https://www.hdfcbank.com/personal/need-help/customer-care
We always assure you of the best of our services
1. When do I need to pay 26081.57, tomorrow or alongwith my statement due date?
2. HDFC NetBanking & BillPay don't show any outstanding on my CC. How to pay this amount?
Preclosure request related to your HDFC Bank Credit Card
Dear Cardmember,
Thank you for banking with HDFC Bank.
We want to confirm that basis your request, we have preclosed your loan A/C 00000000001234567890.
Next steps for you:
1. ??Kindly make the payment on the next day of the preclosure date.
(For e.g. if the preclosure is done on 27th April, make your payment on
28th April??)
2. Preclosed Loan Amount of Rs: 26081.57
Here's the break-up of your Pre-close Loan Amount:
1. Loan Outstanding: 25878.00
2. 3% Preclosure Charges: Rs. 0
3. Pro-rata interest Rs. 172.52}
4. GST (on Preclosure charges and pro-rata interest) : 31.05
Please note that unpaid dues/EMI from the latest statement is payable separately and is not included in the preclosure outstanding.
Non-payment of these dues bank charges as applicable.
Any future preclosure requests,please access mycards.hdfcbank.com.
If you change your mind and wish to revoke your preclosure request, call
us on our 24hour Phone Banking numbers by(Same date of loan preclosure
request)01/10/2024.
Here's the link to find our PhoneBanking no: https://www.hdfcbank.com/personal/need-help/customer-care
We always assure you of the best of our services
1. When do I need to pay 26081.57, tomorrow or alongwith my statement due date?
2. HDFC NetBanking & BillPay don't show any outstanding on my CC. How to pay this amount?
View 4
more replies
https://www.desidime.com/comments/permalink/10359969
So do i have to wait for 2-3 days for it to get converted into an emi transaction?
Then only I can cancel?
https://www.desidime.com/comments/permalink/10377975
Anyone cancelled amazon pay icici no cost emi recently??? If yes how is the process???
Click here to reply
Reply
![Fresh Kissan Fresh Tomato Ketchup Bottle and other items upto 88% off [location specific]](https://cdn3.desidime.com/topics/photos/1881963/medium/Screenshot2024-11-20at12.25.43AM.png?1732042682)
HDFC charges only gst amount on processing fee. other things are refunded.
So it will be around 25109-1130 + ~50, so total amount will be 24030 something
Txn amount= 23979
• Processing fee & gst = 299 & 53.82
[After emi foreclosure, 299 processing fee will be reversed but gst of Rs 53.82 will not be reversed. If your bill is generated inbetween emi activation & emi cancellation, then processing fee also non-reversible.]
• Interest according to no. of days on which emi was active. [If foreclosed within 1 day of activation, approx 20 Rs interest will be charged.]
So, final amount payable to bank = Rs 23979+ Rs 53.82+ Rs 20(approx) = Rs 24052.82 approx.