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  1. If you are thinking about prepaying your HDFC home loans early, then I must say it is a clever decision. Even though you will have to pay prepayment charges, you will ultimately save a lot of money on the interest cost. You can pre-close your home loan in several ways; you can pay the entire amount at one time or you can pay in part. It all depends on your fund requirements. Let me explain how to prepay HDFC home loan at one shot easily.

    How to Do Prepayment of Hdfc Home Loan Entirely

    • Prepare a list of all documents that you will be required to submit to the bank along with the application (link given below). These documents include a bank loan statement, letter requesting for closure of the loan, identity proof, tripartite agreement, conveyance deed, builder buyer agreement, sale deed of the property, possession letter, bank loan statement, etc.

    REQUEST TO MAKE A PART/FULL PREPAYMENT - APPLICATION

    • After that, your bank will calculate the outstanding amount as well as the interest and penalties if any.
    • Next, you will have to deposit the required amount using the Demand Draft or cheque. 
    • After that, your bank will provide you with an acknowledgment letter specifying the same.
    • The No Dues certificate and The NOC (No Objection Certificate) will be provided to you in a couple of days.
    • After the loan is closed, your bank will give back all your original property papers mentioning that the property is free from amortization and you’re now the official owner of that property.

    I don’t know how to pay HDFC home loan prepayment online but I am sure this guide will surely help you 😊

    Get a Home Loan to Purchase Your Dream Property on NoBroker 

    Read more:

    How to check principal outstanding in HDFC home loan?

    How to repay home loan faster?

    How to close home loan early?


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