Home Loan Payment Offers

269°
Super Stud
InvestPotato

Hi Dimers, I want the best way to pay home loan. 

1. All the bill payment offers which can be applied. The cashback offers can be as low as 10 and payment ticket size of 100.  (I don't think bank worry on how many times I make the home loan payment)

2. Leveraging CCs to pay home loan (Getting 45 days free interest and reward points)

3. Using Rupay UPI especially HDFC Rupay CC to get 1.5% extra rewards upto 500 each month. 

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
27 Comments  |  
12 Dimers
  • Sort By
Super Stud Super Stud
Link Copied

I expect to save around 3-4K across all this every month.  

Deal Cadet Deal Cadet
Link Copied

Mostly not possible to get any cash back on home loan payment as far as I know. This is because bank/home loan provider always deduct EMI as auto debit from your account. If you pay manually then it might be possible.

Super Stud Super Stud
Link Copied

Agree, I am asking for offers on top of EMI.

Suppose if I can get an SBI card 5% cashback offer on home loan payment.

Paying 50,000 extra will fetch me 2500 rupees.

Benevolent Benevolent
Link Copied

Its not possible, SBI never agreed to remove auto-debit.

Let the auto debit take care, all these offers etc cumbersome and eventually you would make a mistake which costs a lot.

Deal Subedar Deal Subedar
Link Copied

YOU FORGOT ONE IMPORTANT POINT, most of the loans repayment dont have any offers to begin with:) home loan is not an exception , loan payment is never rewarding unless you are paying in some gateway that has offers inbuilt in it

Super Stud Super Stud
Link Copied

P.S. - EMI will auto debit. I am taking a loan for 20 years. But planning to close it as soon as possible. Any extra amount I pay will be through some cashback schemes.

Tech Guru Tech Guru
Link Copied

Go for OD loan

You'll save way more than 3-4k

Deal Cadet Deal Cadet
Link Copied
how ? which bank to apply
View 8 more replies
Super Stud Super Stud
Link Copied

I will pay from salaries.

Deal Newbie Deal Newbie
Link Copied

I think he is asking for other way to pay home loan. Like we pay utility bills and get some benefit out of it

Super Stud Super Stud
Link Copied
correct
Coupon Connoisseur Coupon Connoisseur
Link Copied

There are no direct ways to get offers for home loan payment, but there are some indirect methods , I have a loan and in 8th year currently and every month I pay 20-30% of the EMI as an additional payment and when ever possible I make use of these indirect ways

1. Will buy Amazon vouchers from Amex portal whenever they have any additional promotional offers like 2k on 50k etc and then sell them for 2.5% and use that to pay the loan top-up amount 5-6% gain

2. Redeem points CC points and reward points to cashback and  pay the same amount to loan

3. Previously when Airtel wallet allowed to load 9k via credit card used that method - if there are any similar options you can try that. Paytm as well when there was good offers

4. Doing additional recharges/bill payments using Airtel/Rupay offers and accumulate that amount and use it for loan payment

others might feel this as very tedious and tiring activity but I just used to this with a mindset of a rupee saved is a rupee earned

Deal Newbie Deal Newbie
Link Copied

How to sell Amazon vouchers ??

Wingman Wingman
Link Copied

Use SBiepay to pay using debit card.

Deal Cadet Deal Cadet
Link Copied

Can any loan payment be done through it?

View 4 more replies
replyuser
Click here to reply
Reply