Part-payment can reduce the overall interest burden and may also reduce the monthly EMI. As you want to know, is part payment allowed in HDFC personal loans or not? I must say that HDFC Bank permits part payment and full pre‑closure of personal loans under specific conditions. After paying at least 12 EMI, borrowers can make a part‑payment up to 25% of the principal outstanding, subject to a maximum of one part‑payment per financial year and two during the loan tenure.
Is Partial Payment Allowed in Personal Loan HDFC?
The charge for part payment depends on the loan tenure:
4% of the part‑payment amount if done between EMI 1 and EMI 24
3% between EMI 25 and 36
2% after EMI 36.
This fee is applied on the amount paid early and GST is extra.
For full pre‑closure, HDFC applies the same fee schedule based on the outstanding principal and EMI count:
4% up to 24 EMIs
3% between 25 to 36 EMIs
2% beyond 36 EMIs, plus applicable taxes.
Pre‑closure is not allowed within the first 12 EMIs. Borrowers can request closure online or through their loan officer, receiving a pre‑closure quote and then paying via cheque or demand draft.
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Is Part Payment Allowed in HDFC Personal Loan?
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2025-07-25T14:30:42+00:00 2025-07-25T14:30:46+00:00Comment
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