Dreams do come true!Congratulations! You can avail a Loan of Rs.84500.00 in 1 second
at 0.99% Interest Rate on your Credit Card ending ****.
Pay with an EMI of Rs.24 per Rs.1,000*.
The above message will be shown in your HDFC Bank Net banking offers tab. The active credit card holders of HDFC Bank are offered with the credit card insta loan. The limited period offer details was sent to the registered email of HDFC bank customers. You can also login to your HDFC bank net banking to know your loan offer. (To apply click on cards>Credit cards>Transact>Insta Loan).
Depend on the usage of credit cards/ Income/ Bank balance/Average Bank Bank balance of a customer the offer is provided. you can select the tenure of loan. the interest rate depend on the tenure of loan some customers offered the loan with the interest of 13.2% for 1 to two years tenure, 11.88% tenure for 3 to 5 years tenure.
The EMI will be deducted from your HDFC bank account. For example For the above loan amount 84,500 at the interest rate of 13.2% per year for the tenure of 1 year you have to pay 7555.24 EMI per month.If the tenure is for 2 years then you have to pay 4025.23 Rupees EMI per month.
The pre approved loan amount will be credited on your account in 1 second in HDFC bank credit card insta loan
For more details login to your HDFC Bank netbanking