HDFC CC jumbo loan interest rate
- 1081
- 20
-
- Last Comment
I am getting loan interest rate around 16-18% reducing balance rate .
How much interest for your account ?
I think HDFC give lower interest rate around 11-12% for some accounts .
- Sort By
Are you referring to Jumbo loan from HDFC?
If so, have you ever used the jumbo loan from HDFC and got reduction in interest after talking to Customer care?
Please let us know, which is useful for many.
PS: Citi customer care reduces the processing fee but they only offer insta loan with GST part. I have availed it many times.
how to make use of this loan ? any scheme to make money using this ?
Take big loan and then run away to foreign country 
these jumbo loans on card are designed to earn money for bank while showing you that you are getting a good deal.
i mean it is still better than doing min payment on card and keep paying extremely high interest indefinitely but these loans on card will always be in this interest range of 16-19%.
If you really need some large amount, then better to go for a personal loan if you have account with bank. visit branch and talk to the people there , they are always ready to give personal loans and you can get good interest also.
Many times you can even see pre approved personal loans on netbanking. For me on hdfc netbanking it was showing 10.99% interest rate pre approved loan some time back.
Yes bro u right , Credit card interests are so high bro abround 30% or around 40% . personal loans from bank range from 16-19% (1-2% less for salarized ppls). but these pre approved loans on CC which does not block your limit which I think almost same or less than personal loans . NBFC companies too give loans with high interest rates .
HDFC was offering loan on CC Jumbo loans for 12% few years ago, Now they have increased to around 18% reducing balance (they added extra insurance part after increasing the interest rate.)
There wont be any GST on the EMI interest part for Jumbo loans. But Insta loan has GST part.
What is the processing fee for your loan? It is used be around flat 500+GST.
Yhea they have increased the ROI NOW in April they offered at 11.99% now it is 15%, Indusind is offering me @ 13% and citi is offering little lesser rate
If this Jumbo loan is availed then will it show up in my Cibil report? coz i heard we get a new jumbo card a/c number with separate statements for it.
yes, it shows up in cibill and it will have seperate a/c and statements.
Few days ago my RM is pestering me to take a Jumbo Loan on my HDFC card . She said it is a limited time offer where the processing fee of 750will be waived off (excluding GST on it) . The interest was high like 16% . I said to her that I am getting card loan offers from SBI and AXIS at @ 14% . All banks are giving reducing balance rate loans now a days so why pay extra
. Anyway now while checking I found in HDFC netbanking that for my account interest rate to 12% .But for 5 years term only . I think it’s a good interest rate than other bank at current time . Thinking to take this and close all my small small jumbo loans running at 15% and 18% .
what if we decide to pay it soon? are there any pre payment charges?
recently took personal loan @ 10.75% by calling hdfc personal banker
you can get at 12% , contact cc if required loan