https://www.desidime.com/discussions/ncemi-check-on-hdfc?page=1#post_9287031
As soon as it got converted, cancel it, the late you cancel you will be charged more.
One more thing hdfc has recently blocked some cards who regularly misused it.
NCEMI check on HDFC
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Hi,
Any one tried NCEMI trick on HDFC cards?
If anyone tried can you pls help me with the duration in which we can cancel the EMI without extra charges ?
Thanks
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https://www.desidime.com/discussions/ncemi-check-on-hdfc?page=1#post_9287059
mjuneja13 wrote:Any duration?As soon as it got converted, cancel it, the late you cancel you will be charged more.
One more thing hdfc has recently blocked some cards who regularly misused it.
any charges during cancelation?
https://www.desidime.com/discussions/ncemi-check-on-hdfc?page=1#post_9287196
Hdfc NCEMI Preclosure has Many useless logics.
1 - Incase u Preclosure the emi, The interest will be calculated from the date of your previous statement generated date.
Let's assume your statement date is 25th and I did a transaction on 10 may. Now if u want to Pre Close the emi, the interest will be calculated from 25th April which was your last statement generated, even though it is before your transaction date.
2. You will have to make the full payment within 24 hrs of the Preclosure confirmation.
3. I am not sure if processing fees are refunded. Cc told me that it is not refunded, But when I calculated the processing fees was refunded as well.
https://www.desidime.com/discussions/ncemi-check-on-hdfc?page=1#post_9287599
other than GST everything will be refunded if we are successful in cancelling the EMI before the charge of first installment.
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