How to Foreclose HDFC Personal Loan?

Foreclosing your HDFC personal loan repaying the entire outstanding amount before the scheduled tenure can bring you peace of mind and save on interest. So, how to foreclose HDFC personal loan online? To proceed, ensure you have completed at least 12 EMIs, as foreclosure is only permitted after that threshold. Begin by obtaining a pre-closure statement from HDFC Bank, which details the outstanding principal, accrued interest, and any applicable foreclosure charges.

How Can I Foreclose HDFC Personal Loan?

Foreclosure charges vary based on how long you've been servicing the loan:

• 4% of outstanding principal + GST if closed between months 13 to 24

• 3% + GST if closed between months 25 to 36

• 2% + GST after 36 months

To formally initiate foreclosure, 

• You can use the bank’s loan-closure service portal accessible through the “retail assets” (

  https://apply.hdfcbank.com/digital/retail_assets_phase2#DT_HomePage

  ) section. 

• Select your personal loan, choose “foreclosure request,” confirm your city and branch, specify a reason, and save the request.

• You'll receive an SMS with a link to validate via OTP, accept the terms, and make payment through the secure gateway. Once processed, HDFC will send an SMS confirming closure.

If you're pursuing foreclosure offline, visit a branch with your loan statement, ID proof (e.g., Aadhaar, PAN, passport), and a foreclosure letter or form. Deposit a demand draft or cheque for the total settlement amount as advised by the bank.

After payment, you'll receive a receipt or acknowledgment immediately. A No Objection Certificate (NOC) or loan closure certificate will follow this is crucial to prove the loan is fully repaid and clear any future liability.

Hi Shruti. To tell you, how to foreclose HDFC personal loan, this can be done online by going to the

. Ms Anamika and Mr Mohammad have explained the detailed process very well in their responses. You can go through them. I will give you some necessary information that will help you with the foreclosure of the personal loan. Let me share them.

What you Need for Personal Loan Closure at HDFC

Here are all the things you’ll require:

1. Personal Loan Account Number: You will find this printed on the loan account statement. You can also view it on the online banking facility. 

2. ID Proof: Have your PAN card, passport, Aadhaar card, or other government-issued documents with you.

3. Other Documents: These comprise your loan approval letter, loan account statement, etc.

This is all from my end. I am hoping you now get how to foreclose HDFC personal loan online.

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Some related information:

How to Change EMI Date in hdfc personal Loan?

I am also aware of just two methods on how to foreclose HDFC personal loan: one online and one offline. If you want to close the HDFC personal loan offline, you must visit your bank branch, furnish the officials with your account details, and request the foreclosure of your personal loan next. If you want to do it online, you have to visit the HDFC retail asset service request.

How to Foreclose HDFC Personal Loan Online?

If you want to foreclose your HDFC personal loan online, you will need to

• Visit the

  HDFC Retail Assets Service Request Portal

  .

• Enter your mobile number next and the captcha code correctly.

• Select the checkbox in front of: I confirm the mobile number.

• Tap on Continue. You will get notification about your application via SMS or email. 

How can I Foreclose HDFC Personal Loan Offline?

If you want to foreclose the HDFC personal loan offline, you will need to visit your bank’s branch and ask an official for help. They will get your details, ask you to pay the reading debt and other charges and get your loan foreclosed.

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Hello buddy, I foreclosed my HDFC loan in December last year after having enough funds to pay off the loan. So, I can show you the procedure for foreclosure personal loan HDFC. 

To foreclose/pre-close the personal loan online, you’ll have to visit the retail assets service request page of the bank’s website. I’ll share the complete steps with you below.

What is the Method for Doing HDFC Personal Loan Foreclosure?

1. You need to go to the

   HDFC Bank’s retail assets service request page on the HDFC Bank website.

2. You need to fill in your registered mobile number, which was mentioned in the loan account number.

3. Then, choose your linked loan, which is to be closed. Under the service type, select foreclosure request. 

4. Then, choose your city and the nearest bank branch from the drop-down.

5. Choose your reason for closure and confirm once the outstanding loan amount is shown. Save your request. 

6. Click on the received link via SMS and fill in the OTP sent to you on your registered mobile number. 

7. Agree with the terms and conditions, and make the payment on the payment gateway. 

Once the loan is closed in the HDFC Bank’s portal, you’ll receive a notification via SMS.

This is all I have to say about HDFC Bank personal loan preclosure process. I hope this helps.

If you have a lump sum amount then you pay off your outstanding home loan and be debt-free. For this, you have to visit your bank branch and ask for foreclosure of the loan. Now that you know about the meaning of foreclose, let us check out how to foreclose HDFC personal loan. You might wonder how to foreclose HDFC personal loan online. I will explain all the details on: how can I foreclose HDFC personal loan.

How to foreclose HDFC loan online?

Well, as of now, you need to visit the nearest HDFC bank branch for the foreclosure of your loan. But before visiting your branch you should learn what documents you need to foreclose your loan.

• Statement for the personal bank account.

• ID proof such as Aadhar Card, PAN, Passport or Driving License.

• A cheque with the pre-closure amount to pay off the debt.

How to foreclose HDFC personal loan?

• Visit the HDFC with the documents mentioned above.

• Write a foreclosure letter requesting to pre-close your personal loan account.

• Pay the amount for foreclosure.

• Sign the documents wherever required.

• Take the acknowledgement receipt and keep it for the future.

• Once the bank receives the amount your personal loan account will close automatically.

• The bank will provide you with the loan closing documents which you should not lose because it is the proof that shows that you have foreclosed your personal loan account.

While foreclosing please obtain NOC from HDFC bank. This is the process for how to foreclose HDFC personal loan and the process is pretty smooth. Generally, HDFC bank provides good quality service to their customers so everything moves really fast in HDFC banks. This is all I have to say regarding the foreclosure of HDFC's personal loan. I hope you like it.

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