HDFC Bank Insta Jumbo Loan Offer 2015

Organization : HDFC Bank
Offer Name : Insta Jumbo Loan Offer 2015
Applicable For : Select HDFC Bank Credit Card Customers are eligible for the loan

Website : https://www.hdfcbank.com/
T&C : https://www.contest.net.in/uploads/6781-TC.pdf

Related:
HDFC #BackToBachpan Contest 2015 : www.contest.net.in/3544.html

Insta Jumbo Loan :

Insta Jumbo Loan (earlier known as Jumbo Cash) is a pre-approved loan above the credit limit on your HDFC Bank Credit Card i.e. the loan amount will not be blocked against the credit limit. Only eligible HDFC Bank Credit Cardholders with HDFC Bank savings account in active status can apply for this loan.

Offer Period: 18th December to 28th December 2015

Offer :
Special Offer for applying for Insta Jumbo Loan only through NetBanking / SMS. Zero Processing fees for all loan amounts instead of processing fees @ 1% of loan amount forapplying for Insta Jumbo Loan only through NetBanking / SMS

Example :
If Loan Amount = Rs.7,50,000, actual processing fees is Rs.7,500 but no processing fees will be charged. So, you save processing fees of Rs.7,500 during this offer period. Processing fees will be debited as per this special offer for Insta Jumbo Loan booked during the offer period irrespective of processing fees shown in the EMI Calculator. After the offer period, Processing fees will be charged @ 1% of Loan amount.

Terms & Conditions :

The loan is sanctioned at the sole discretion of HDFC Bank Ltd.
** Your availing of the loan will be deemed to be your unconditional acceptance of the terms and conditions and you will be bound by the same.
** Only Select HDFC Bank Credit Card Customers are eligible for the loan. HDFC Bank reserves the right to decide the eligibility as per internal policy and guidelines.
** CIBIL Verification will be done post application for the loan and only CIBIL Good Customers will be considered for further processing.
** A separate monthly statement will be sent for Jumbo Loan and the billing cycle date & payment due date will be the same as your Credit Card. EMI will be billed in the monthly Jumbo Loan statement starting from the immediate billing cycle date.
** Please note that EMI = Principal Amount + Interest Amount. Please refer to the Amortization schedule that will be sent after your loan is set up for details of principal amount & interest amount. For EMI Calculator, visit hdfcbank.com/emicalc to view the monthly repayment schedule. Interest rate shown in NetBanking is per annum. In the EMI Calculator, choose Interest rate per annum and enter the interest rate shown in NetBanking.
** Auto Pay for Jumbo Loan EMI Debit will be activated within 7 days from the date of loan booking. Your savings account will be debited for the total amount due on the payment due date as indicated in the Jumbo Loan monthly statement or within 5 working days from the payment due date. Kindly maintain sufficient balance in your savings account before the payment due date.
** If the savings account does not have sufficient funds, you will be liable to pay applicable charges as indicated in the loan account statement. Auto Debit return penal interest 2% on payment amount subject to minimum Rs.300 will be levied.
** Non-payment or partial payment of EMI outstanding will attract late payment penalty of Rs.500 plus service tax irrespective of EMI amount outstanding. No finance charge will be levied on non-payment or partial payment of EMI outstanding.
** Processing fees will be levied during the immediate billing cycle post loan booking.
** Partial pre-payment or partial closure is not permitted on this loan.
** The loan can be pre closed any time during the tenure. In case of pre-closure of the loan, a charge, currently 3% of the balance principal outstanding will be applicable. As the pre-closure charge is subject to change, we request you to contact PhoneBanking for the applicable charge if you decide to pre-close the Loan. HDFC Bank reserves the right to revise the pre-closure penalty at its discretion. Additional interest if any on the principal outstanding from last statement date till date of loan pre-closure needs to be paid by customer.

Note:
The terms and conditions contained in the Card member Agreement apply over and above the terms and conditions for this Loan. In case you do not agree to any of the details above, or require any further assistance, please contact PhoneBanking.