Insta Loan Vs Insta Jumbo loan Vs SmartEMI on HDFC Credit Card

By | September 3, 2018

With the introduction of Insta Loan and other products, taking a quick loan on your Hdfc Credit Card is damn easy. Hdfc has made the approval process super simple that if you have a pre-qualified offer, you can get the loan amount into your account in matter of seconds, no documentation required.

There are different variants of loan. Let me explain them in detail as bank doesn’t make it clear for unknown reasons.

hdfc_insta_loan

HDFC Insta Loan – Fastest way to get Loan on your Credit Card

HDFC Insta Loan

If eligible, you can get Insta Loan (aka Cash on Call) on your credit card in matter of minutes through net banking. The given loan amount will be blocked against your credit limit and you can pay the loan in flexible tenures as EMI.

Things to note:
1. Credit limit gets reduced
2. Service tax is applicable on the interest you pay
3. Can be availed only twice at a time (more than 2 for select users)

HDFC Insta Jumbo loan

It is similar to Insta loan but your credit limit doesn’t get blocked in this case. This loan will be billed separately with Auto Debit enabled to your linked savings ac and not charged on your credit card statement.

As far as i can understand, Insta Jumbo Loan is a kind of “Personal Loan” given to you on basis of credit card usage.

Things to note:
1. Credit limit unaffected
2. Can be availed only once at a time (more than 1 for select users)

Related: Need more details on HDFC Insta Jumbo Loan? check out Insights into Insta Jumbo Loan.

HDFC Smart EMI

You can convert your credit card expenses into EMI. You can convert one txn or many at a time. Process is quick and easy through net banking.

Things to note:
1. Can be availed multiple times
2. Available to most cards

insta_loan_and_jumbo_loan

My Personal Experience

insta_loan_in_60_minutesSo you would ask, which one should I go for?! Whichever has the low interest. If you’re looking for a higher amount, Insta Jumbo loan is better as this wont block your limit.

You can also choose smart EMI or insta loan based on your spending type. Note that only Smart EMI has lowest EMI period: 3 months.

At times, Hdfc runs offers wherein you can get loan @ 11.88% (annually) with processing fee waived off. It’s super cheap and you can never get such interest rates with unsecured loans. My dad was once lucky enough to get Insta Loan for 50k INR during the offer period. His credit limit was 1L at that time.

Check your net banking once in a while to see if there are any offers on your credit card.

Interest Rates & Other Charges

HDFC used to have the lowest interest rates in the market on credit card loan/EMI than any other bank. But everything changed recently. Each account has different interest rates and here’s what you could expect:

  • Lowest Interest: 13% p.a.
  • Medium: 15% p.a. (currently most accounts are in this range)
  • Highest interest: 19% p.a.

Apart from interest rates, note that you also need to pay 3% foreclosure charges if you decide to close before the EMI ends.

If you’re looking for Credit card EMI, American Express has the best interest rates with no foreclosure charges. Have a look at it here: Amex Credit Cards have the Lowest Interest Rates on EMI

Eligibility

Apart from the interest rates, note that the eligible loan amount varies from customer to customer and depends on Hdfc internal policies.

I’ve spent a lot on my credit card but I never got any loan offers. But my dad spends too less on his credit card but got a good offer and he availed. Though we both have different cards with different spend types. Looks like the card variant and the customer profile matters to bank.

Still struggling to get eligibility for SmartEMI/Insta Loan/Insta Jumbo loan? check out How to Enable HDFC Credit Card Loan offers with my latest article 🙂

Have you availed any Credit card loans earlier? Share your comments below.

215 thoughts on “Insta Loan Vs Insta Jumbo loan Vs SmartEMI on HDFC Credit Card

  1. naveenahc

    I have credit limit of 30K and outstanding is 24456 and I have taken instant loan of 14000 and am paying it on time evry month and now am ready to pay my full outstanding amount in single shot .

    Please suggest will I get jumbo loan after clearing of all outstanding amount and how much loan I will get in jumbo loan.

    Please suggest

    Reply
    1. Siddharth Post author

      Naveen, there is a pre-closure charge. Do the math for your outstanding if its better to pre-close the loan or not. You can expect Insta Jumbo loan eligibility if you have salary a/c with HDFC or have the card for longer duration.

      Reply
      1. Gaurav

        Hi I have credit card last yr I have a offer for jumbo loan but now a days there is no offer what should I do for that please let me know soon..

        Reply
        1. Siddharth Post author

          Gaurav,
          They keep changing the offers every month and customers have no control on it. You simply have to wait and watch.

          Reply
  2. haritha

    I have hdfc money back credit card. I would like to know interest rate if i didn’t pay bill on time

    Reply
    1. Siddharth Post author

      Its 3.40% (it varies though but too high interest rates). Rather convert it into EMI

      Reply
  3. Renuka Sasikumar

    Hi,

    I have a HDFC Salary account & also Titanium edge credit card. I would like to avail for Insta Jumbo Loan, but for me its showing not eligible for it.

    Can u pls tell me how to avail it.

    Reply
    1. Siddharth Post author

      The Jumbo loan offer will be available from time to time and its usually given to older cards. My 1 yr old Card still never got this Jumbo loan offer inspite of good usage. So you need to check every month. Else, just go for “insta loan”

      Reply
      1. Sanjeev Khatoi

        Right. I’ve a 8 years old HDFC card and I mostly get jumbo loan and insta loan offers

        Reply
  4. B.R.Vikram Krishnan

    Hi Siddharth,

    Your information on HDFC CC loans was fabulous and I have Times Card with 1000 reward points can I get cash back with my reward points ??

    Reply
    1. Siddharth Post author

      Vikram,
      Thanks for your kind words, no, i dont think you can do it. Cashback option is avail only on cashback cards. Most popular cashback card of HDFC is “Moneyback Credit Card”. You can probably upgrade if required and then redeem for cash 🙂

      Reply
  5. Mohammed tousif

    Wat is the payment process for jumbo loan should I do the payment for credit card itself or I have a separate option for paying the loan emi

    Reply
    1. Siddharth Post author

      They auto debit from your savings account for “jumbo loan”. You need to maintain the balance in your linked savings account for the same.

      Reply
      1. Bhargav

        Hi Siddharth,

        Can you please guide me how can i pay the monthly emi for jumbo loan. I don’t have any hdfc savings account.?

        Reply
  6. Sakera ashra

    Thank you Siddharth your information about hdfc bank credit cards is very helpful
    Recently i got an option to upgrade my women’s solitaire card to visa sig money back card or visa sig all miles card… usually i dont travel much but i am a shoppingfreak online and offline both….
    Please do let me know which card would be better for me … thanks in advance

    Reply
    1. Siddharth Post author

      HDFC Visa Signature Allmiles is good for such combination of Online/offline usage. You save around 1.5% as points on all spends.

      Reply
  7. GANESH N

    Dear siddharth,
    i have taken hdfc credit card recently(15days). and i have purchased around 9000 worth things now and then. my bill generating date is 13th this month. now im planning to convert this 9000 as emi’s. but net banking saying that im not eligible to convert it to emi’s. how long i suppose to wait to avail that option.

    Reply
    1. Siddharth Post author

      Ganesh,
      EMI offer on HDFC Cards is not a standard feature and will keep changing every month.
      So you got to check every month before you charge on the card.

      Reply
    2. Sanjeev Khatoi

      I’ve been in such situation where I bought an AC in the first month of getting the card. HDFC doesn’t allow EMI’s in first month of card issuance is what I was told back then. Hope it helps.

      Reply
  8. Tejas shetty

    hi siddarth ,

    I have offer for insta loan from hdfc bank on my HDFC times titanium card for 74000/- @11.88p.a. How sure i can be regarding the offer stands same as per provided by call center person and if it does not then can i cancel the offer availed.

    Reply
    1. Siddharth Post author

      If you see this 11.88% offer on your a/c and if you’re in need of cash. Just go for it immediately. These are short term offers. This interest rate is the lowest in the country as i’ve already mentioned.

      Reply
  9. Renuka

    If I avail Insta Jumbo Loan, am I eligible for Insta Loan?

    Reply
    1. Siddharth Post author

      Yes, you are, but depends on the availability of the offer on your card.

      Reply
      1. Sudha

        Hello i need to know whether we have to have account in HDFC bank for taking the insta jumbo loan.

        Reply
        1. Suraj das

          Hi Sudha,

          You don’t have to hold a savings bank account for any kind of loan a/c relationship with bank however as it’s an offer on Credit card you should have one and as Siddharth mentioned above it should generate offer on your card which is quite unpredictable.

          Reply
  10. Thejus

    I got a call from HdFc but I dont have a hdfc credit card. Is it available also for HDFC debit cards??

    Reply
  11. Nitesh

    Hi siddharth,
    I had install loan offer till last month but this is not available right now what I should do to get it soon?

    Reply
    1. Siddharth Post author

      You cant do anything Nitesh. You simply need to wait until next refresh.

      Reply
  12. Ashni

    Hi,

    Is this loan available for new credit cards? As in I received my credit card few days back. So am I eligible for this loans??

    Reply
    1. Siddharth Post author

      Ashni,
      Check the availability from your netbanking. Its just few clicks away.

      Reply
  13. Ela

    Hi siddharth,
    I got a insta loan for 2.5lacs for 11.8%, i paid my first emi. Now i need 9 las, so i tought of going PL. Wil the bank take over the insta loan wit PL as balance transf. Or need to preclose this with PL amount. Which is best. pls advise.

    Reply
    1. Siddharth Post author

      Ela,
      Insta loan is a loan on CC.
      PL is completely different and its not that easy to get 9L generally. Its interest rate is also very high.

      Reply
  14. VIshal

    Hi,

    Thanks for the info Siddharth.

    Just want to mention I saw on HDFC website
    It is mentioned for Insta Jumbo Loan – “Monthly payment dues will include EMI and service tax on the interest amount of the EMI.”

    This might change the comparison above?

    Thanks

    Reply
  15. Suresh

    Hi Siddharth,

    I got Insta Jumbo loan from HDFC on Feb 2015. Now I would like to close it.
    Could you tell me is there any preclosing charges for Insta Jumbo loan? If so how much it is?
    Thanks.

    Reply
    1. Siddharth Post author

      Yes, I think 3%
      They keep changing policies often, Check with Customer care before you close it.

      Reply
  16. pabitra patra

    I need to instant jumbo loan very urgently basic hdfc bank plz help me bcz I am already hdfc bank savings account & credit card to limit 42k thousand.

    Reply
  17. vinay

    I have 5 Lakhs Insta Jumbo loan on my card. I have requested my card settlement. They have approved the settlement request. Please confirm what will happen to Jumbo loan.

    All due amount will get debited from my saving account in one shorts or Jumbo loan due amount will also be part of full and final card settlement amount. Please help me with your expertise.

    Reply
    1. Siddharth Post author

      Generally you have to settle all loans/dues etc if you’re planning to close the card.

      Reply
      1. Suraj das

        Hi Siddharth,

        It seems that you are very informative in these regards which only comes with experience, so I thought it would be great if I post my query on loans here.

        I have Credit card , savings account with HDFC Bank ( optional ) and salary a/c with Axis Bank.
        1. My cc limit is 1L and I need 1.5 lakhs loan on CC , does the loan amount depend on limit.

        Reply
        1. prasant

          yes if loan facility is available on your credit card they will give loan ,but below 1 lac you can check it through your net banking .

          Reply
  18. Rajdev

    HI, I want to know the process of pre-closing the Insta Loan on my CC. I can’t find anything online. Do I need to visit the branch ? thnx.

    Reply
    1. Siddharth Post author

      Rajdev,
      Simply call-up customer care for the same.

      Reply
      1. navneet

        I just applied for insta loan not getting its approved can u help me regarding this

        Reply
  19. Devendra bora

    Hi,
    I want to know how much time taken to credit loan amount in savings account after applying insta loan?

    I hear that the credit availibility and cash limit of the card reduced immediately
    but amount not credited in savings account immediately.

    Reply
  20. Jijo

    Hi ,
    I want to know if i fill fuel for rs.100 through hdfc money back credit card, what will happens how it will reflect in my bill

    Reply
  21. Niti

    I have hdfc moneyback credit card but I do not have a savings account with hdfc. I got my card 1 week back. Can I apply for instaloan? Thanks

    Reply
  22. punneet

    hi siddharth how r u i hold a regalia credit card with 3l limit and i have decent credit history with hdfc bank from last four years and my crd usage is very low like 2-4% of credit limit i requested bank many time to raise my limit but they always reply that your usage is so less so this month bank gave me insta loan offer for 2.5l and simultaneously also give sane amount jumbo loan offer also but i no need for funds but to show credit card usage i take 2.5l insta loan today so my question is that is this loan show usage of card to bank for consider for my limit increase.

    Reply
    1. Siddharth Post author

      But i wonder why do you need more limit when u use only 2%?

      Reply
        1. Siddharth Post author

          Loans on card would help, but more purchases in long run will definitely do.

          Reply
  23. Shankar swaroop behera

    I haven’t paid my bill which is overdue from past 3 months as I have some financial problems…. Is there any consequences apart from civil ???? Kindly suggest me some ways to pay it …it is a hdfc times titanium card….d amount is 59000…please suggest me some ways

    Reply
    1. Siddharth Post author

      Convert to EMi if possible. Else transfer to different bank card and make it as EMI there.

      Reply
  24. Shankar swaroop behera

    How can I transfer ??? I have a icici credit card ….but d limit is 20k

    Reply
    1. Siddharth Post author

      Using Balance transfer Option you can do it, but that’s a low limit on ICICI. Sadly not possible.

      Reply
  25. Shankar swaroop behera

    Okie…..what are the consequences of not paying apart from cibil ??

    Reply
    1. Siddharth Post author

      Interest charges will be high and they will send collection agency after sometime finally.

      Reply
  26. Manoranjan Pati

    I have also the same card HDFC moneyback credit card.Is there any facilities available for emi.If available then how to do.Bcz I have already called customer care.Butvthey people don’t aware of the process& told that No EMI facilities available on any HDFC credit card.Really ridiculous people sitting over customer care.

    Reply
  27. pankaj

    hi to whom customers hdfc bank offer insta jumbo loan any eligibility critiria

    Reply
  28. pankaj

    hello my credit limit on regalia card is 2.6l and yesterday bank give me insta jumbo loan offer for 2l and today when i chk in netbanking jumbo loan amount was increased with 3.25l my question is that instend of limit increase bank offer me good amount of jumbo loan and i want limit increase and they are also offer me diners black card with life time free with same limit please help me

    Reply
    1. Siddharth Post author

      For limit enhancement, you can request along with your IT papers.

      Reply
  29. uday

    hi sidarth, u hav lot of knowledge of credit card . i have hdfc allmiles cc limit is 1lac.last week i got a insta loan of 75000. but yesterday i got offr of jumbo loan 125000. bt i do .should i take jumbo loan or prepay instaloan.

    Reply
    1. Siddharth Post author

      Doing prepay will charge you 3% preclosure fee. If you need the funds and if you’re fine in paying the fee, yes you can.

      Reply
  30. Revana

    Hi, Unkonwingly failed to maintain the min balance for auto debit.
    how to pay back EMI to the loan account
    Thanks,

    Reply
    1. Siddharth Post author

      Fund the a/c for the same and ask CC guys to debit it. You might be charged some fees for this reversal.

      Reply
  31. viswa

    hi just i received the credit card of 75000/- credit limit…. the pin not yet sent is pin want to generate online with net banking but there also the card need registeration…. did i request pin through phone banking or shall i wait for pin courier?

    Reply
    1. Siddharth Post author

      Call phone banking to register your card to your a/c if not done. then you can generate OTP for pin change.

      Reply
  32. vasanth

    hi ..

    i taken 2 laks insta loan and 5 lakhs jumbo loan from hdfc….. im paying emis regularly from lost year no more dues..my query is now im planning for housing loan is this amount will minus in eligibility in my housing loan or else that is not effect….. according to that i wil plan further…..

    Reply
      1. Hema

        Hi .. does it mean that availing the insta loan & insta jumbo loan will not have any affect my cibil score?

        What is the difference between cibil score & credit score?

        Reply
  33. Munee

    I have Hdfc money back card .I used in shopping 21300 ,I called customer care to convert emi ,that customer care people told me there is no emi on “money back credit card ” what I want do now?

    Reply
    1. Siddharth Post author

      only some cards have EMI option. check if you have other loans available. Else you have no other option other than paying in full.

      Reply
  34. Naresh

    I had taken Insta jumbo loan on HDFC credit card for 24 months period.But I want to close it now(6 months completed) . Can you please explain with example how much I need to pay total amount amount with 3%.

    Reply
    1. Siddharth Post author

      3% on Remaining principle. You ahve to ask bank for the exact numbers.

      Reply
  35. Bharat

    Hi, I have taken Insta Jumbo loan on HDFC CC. It was closed yesterday(paid all installments). When Can I take new Insta Jumbo loan on same card.( I already have Install on that same card).

    Reply
    1. Siddharth Post author

      Yes, possible. However depends on whether offer is available or not. Usually it will refresh after 1 month.

      Reply
  36. Harikrishna parmar

    hello i have moneyback credit card. but it show not currently valid for EMI.

    Reply
  37. Srikant

    The terms and conditions for the loan says Service Tax is applicable for Jumbo Loan. Please check.

    Reply
  38. Surya

    Dear Siddharth,

    I like your information on HDFC bank credit card. I am using HDFC Business credit card and limit is Rs.25K from last 15 months. My issues are with this card, They are NOT offering me Insta Loan, EMI, Jumbo Loan, BT, Credit enhancement etc.

    Bank denied to to give theses facilities due to low internal credit score which is around 500. They told me I have to make full payment rather than Minimum Due. I made mostly minimum due payments however all payments was in time. I am very shocked that I am paying huge interest to bank but they are not offering me facilities. I thought Bank is making money from me in the form of big interest instead of ZERO interest if paid fully on due date. Is this valid point from Bank?

    If it looks right then why bank is giving minimum due option they must must be close this facility as it looks like a HONEY TRAP. They are taking huge interest but don’t want to offer facilities like EMI.

    In past my situation was not good. I request them to covert my total due amount into EMIs but they denied. HDFC bank is only bank who don’t have EMI facility as standard with card. I have ICICI bank card with 75K limit and offered me EMIs if amount is more than Rs.3000 of any transactions. There is no requirement of any eligibility like HDFC Bank credit card. I think EMIs is not big deal for any bank if they can sanction the limit of card. It’s not new loan application. its just a adjustment with credit card billing in given credit limit. But don’t want to understand this thing.

    However HDFC bank helped me in emergency and they enhance my card limit by Rs.12000 for temporary. I really appreciate hdfc bank employee Miss NITI who helped me in this. I thanked to her.

    I am self employed and currently not using card limit of this card from 2 months. Hoping for Insta and jumbo loan offer on my card ?

    Would you please help me HDFC bank is giving Insta and Jumbo loan only to SALARIED person?
    How can I make good score with hdfc bank card. However my CIBIL score is 768 and I never missed a single payments in last 3 years.

    My credit card usage is too high due business activities. So looking for good credit limit. So I can avoid to make usage more than limit or under 70% of the limit. So please guide best possible to option.

    Thanks in advance.

    Reply
    1. Siddharth Post author

      Always, pay on Full, and use the card for Online shopping at times for EMi and other offers to be enabled on the card.

      Reply
  39. Anshhman

    Hi Siddharth. I have availed insta jumbo loan of 50k. However I had insta jumbo loan approval of 4 lakh. So my question is can avail the remaining amount later when i need it.
    Thank you.

    Reply
    1. Siddharth Post author

      Only 1 insta Jumbo loan can be availed at a time. So you can avail more once you close 50k loan.

      Reply
  40. Ajay

    I Got Hdfc Money Back credit card 2days back! I want To get Insta Loan With EMI opptions. Am I eligible for this? And I Do Have salary acc on same hdfc!

    Reply
    1. Siddharth Post author

      You need to wait for sometime for the eligibility to kick in. Keep checking the internet banking for the Insta Loan offers.

      Reply
  41. vijay

    hi sir, i am already taken credit card instant loan 20k . i am regularly pay EMI. if any option to another loan in credit card. my card limit 40k. please advise. thanks

    Reply
  42. komalachandrashekar

    hello sir, i have availed a insta jumbo loan of 1.90k , but to pay back i dont have a hdfc savings bank account , so, whats are the other ways to pay my jumbo loan EMI . to make online payment , the jumbo loan card number is not given by the hdfc, they have just provided the jumbo loan account number in the statement which was sent through mail. cna u please help me .

    Reply
    1. Siddharth Post author

      Call HDFC Customer Care. I think u can setup ECS or simply do NEFT to that a/c no, like any other card.

      Reply
  43. Bala

    Hi Siddhartha, for me I have 290000 insta jumbo loan limit and has 11.88 percent of interest rate. My question is does the interest rate is floating or fixed?
    Also which one is the best loan if we compare with insta loan vs personal loan vs instance jumbo loan..
    As per my knowledge in personal loan interest rate decreases gradually once we start pay the emi’s. I.e., they charge the interest only to the balance emi amount once we start paying.
    Please suggest on this

    Reply
    1. Siddharth Post author

      Its a Fixed interest rate on a reducing balance(principle).
      Jumbo Loan is best as there is no Service tax component in it. Its considered as a Personal loan and it will be reported to CIBIL separately.

      Reply
  44. Faruk

    Hi Siddharth,
    I received the information from my netbanking, the Insta Jumbo loan is available for the amount of 2lakhs, and The EMI details below,
    ex: Insta Jumbo Loan for 2,00,000 (two lakhs),
    Tenure and Interest rate : [email protected]
    Emi details : 9640.41
    I have Doub on this, Is there any other hidden chargers applied here, other than EMI mentioned amount.

    Because Emi Amount 9640.41 * 24 (months) = 2,31,369.84
    On this it is not calculated 14.4% interest correct?

    Please do let me clarify. I confused much.

    Reply
    1. Siddharth Post author

      Yes, all are correct.
      2,31,369.84 is the interest for the said period.

      You will be charged Rs.250 in addition to these, as per current offer (which keeps changing)
      Offer Period: 1st December, 2016 (Thursday) to 15th December, 2016 (Thursday) Processing fee of just Rs.250/-

      Reply
    2. amit

      hi faruk there is only processing fee 0f 250/ rs only and it include in first emi and no other hidden charge and my advice to you that apply this loan only to net banking for instant credit in your hdfc account and if you apply through phone banking it takes 3- 4 days and interesting thing when you avail jumbo loan from bank and repay regularly after 2-3 months bank will increase your credit limit atleast 30% i personally tried it for many times starting from 55000 limit now i have 835000 limit on my regalaia card

      Reply
  45. Faruk

    Thanks Guys;

    But unfortunately i have missed this insta jumbo loan. Till last month nov end. Its available. But now, it is unavailable. I called phone banking, they also said the same. It is a limited period offer :(.

    So planning to go for personal loan.
    Any advises are welcome 🙂

    Reply
    1. amit

      hi faruk wait for 15 days again u see offer with 10% less amount belive me i have taken jumbo loans many time since i used my hdfc bank credit card and personal loan are very expenssive

      Reply
  46. Faruk

    Thank u so much guys, itvis very informative one i am clear now out of confusion.

    But my insta jumbo loan got expired. Because its a limited period offer. I called phone banking and confirm the same.
    I am applicanle for Insta loan n personal loan

    I m not interest on locking my credit limot on credot card
    So Planning to go for personal loan. That is available now

    Any advices are welcome. Thanks in advance

    Reply
      1. Praveen Kumar. G

        Hi Siddharth,

        I took the Insta Jumbo Loan 2 lakhs for 2 years and Feb 2017 is the last EMI for it and my account is now in the preferred customer criteria. and its the salaried account. My query here is once I paid the last EMI, may I able to get the Insta Jumbo loan again on Feb or Mar 2017? If I am able to get, what is the minimum and maximum amount that I can expect?

        FYI, you have mentioned in your replies that HDFC bank changes offers time to time and I accept it. But, I need to know about my above concern. Please reply.

        Thanks,
        Praveen

        Reply
        1. Siddharth Post author

          Most likely you’ll get eligibility for Jumbo loan again with higher amount.

          Reply
          1. Praveen Kumar. G

            Thanks for your response Siddharth. I appreciate your replies for the queries asked and the time you spent to answer those queries. Keep continue this to help the people regarding the banking.

  47. Sk

    Hi sir,

    Could you please arrange exact eligibility criteria for insta jumbo loan offer from Hdfc internal team? I’m using card from last 18 months but none offer is available. Even I changed my card for this reason but nothing is happening in favor me. I request you please find out exact eligibility criteria. I always made timely payments.

    If we can get the system eligibility requirements then. We can try to follow. I think bank should disclose this. It will save time and efforts.

    Reply
    1. Siddharth Post author

      I’ve recently found this secret eligibility criteria and i’ll be writing on this soon. 🙂

      Reply
      1. sk

        Thanks for your help. please let’s know when secret will available on your blog. please inform us.

        Many Thanks.

        Reply
  48. Prashanth

    Dear Siddharth,

    I have HDFC CC for the past 14 years and have been using regularly. Recently my status changed to NRI and my savings account got converted to NRO and connected my new NRE account to the same existing account. I continue to use the credit card as well. Now, I have a question. I have a few payments to be made back home and want to avail Insta Jumbo loan. In my netbanking, I get the details for Insta Jumbo loan and the offer. Will this be credited to my NRO account if I avail? Please confirm.

    Reply
    1. Siddharth Post author

      No idea on NRI accounts. But typically it has to get credited to the linked “savings” a/c.

      Reply
  49. Anish

    Hi Sir,

    My mother already have a two wheeler loan in hdfc bank and she is paying it regularly and the tenor will complete this april, and am planning to take a bike loan from hdfc aswell so can i get instant approval as my mother is already taken a loan (am planning to take the bike in my mothers name).

    Reply
  50. Beaujan

    I’ve recently found this secret eligibility criteria and i’ll be writing on this soon. Waiting for the secret to be revealed.

    Reply
    1. Siddharth Post author

      Its already published. Please check out the link in last para of the article.

      Reply
  51. Ravikumar Thasma Harikrishnan

    Wow.. thanks for your information, but your “Service tax” info was not clear … So I tried to calculate my EMI for an x amount in both Insta and jumbo loan… (PS.i have a Insta jumbo loan of 615000 in my wife’s titanium credit card, lucky me).. for same amount and same tenure…. both Insta and Jumbo shows same EMI…. can you please explain where my understanding going wrong?

    Reply
  52. Beaujan

    Hi Siddarth thank you so much for the info.Also could you kindly tell the shopping sites where we need to spend. I would also like to ask you which is the best SBI CC for shopping and cashback offer. I already have a IRCTC sbi card but i dont travel much so its not much of use so i want to upgrade it to a different one, please suggest. Thank you

    Reply
    1. Siddharth Post author

      Popular brands like Flipkart would do. More research info on that is in the premium content 🙂
      SBI SimplyClick is good for online spending.

      Reply
  53. Beaujan

    Further to my previous question i am also not getting any encash offer from SBI CC card though i have been using it extensively for more than two years now. My current usage is almost 90% of credit limit is it because of that.

    Reply
  54. harish kumar

    I had made transactions for rs. 40000 . And thaught for paying via emi. But now bank refuses as 30 days transaction period over
    I had recently operated/ surgery to my new born child and pay much more for it.

    Now I am short of money. I am ready for paying money via emi as my previous outstanding balance are bill. What to do. Kindly guide me.

    Reply
    1. Siddharth Post author

      Tough time. Try taking insta & insta Jumbo loan if available.

      Reply
  55. Jave

    Hi,
    After i get jumbo loan when i will get letter from bank. How to find the loan due date

    Reply
  56. raj

    I had insta jumbo eligibility in my card before 3 days. Since I had 1.37Lakhs of outsanding in my credit card, I thought I can use Insta jumbo loan offer. But when i check now i find that the offer is not available. I checked with the bank also. They said the same.

    Could you pls help me suggesting any similar product as 1.2% ROI as Insta jumbo loan, not higher ROI than this ?
    Kindly share your suggestion.

    Reply
    1. Siddharth Post author

      HDFC has the best ROI. You need to check YES bank cards for similar ROI.

      Reply
  57. John

    Hii siddharth..

    I was eligible for 1.8L jumbo loan and appled for it.I cancelled it due to other reasons the next day.. now when again i tried to apply it is showing as 0 amount in netbanking site. Can i apply again within the offer period. Or the offer got elapsed..

    Reply
    1. Siddharth Post author

      You might need to wait for sometime for it to be enabled again.

      Reply
  58. Dhanuja

    Hi Siddharth,

    I took insta jumbo loan of amount 3L by 2015 for 5 yrs tenure.. is there possibilities to get offer for another jumbo loan while existing one is still not closed. .

    Reply
    1. Siddharth Post author

      Sadly only one jumbo loan is allowed at a time.

      Reply
    2. hari

      Dhanuja,

      I have taken a Jumbo loan recently. I see another jumbo loan offer on the same card (Old loan is not closed yet.). I believe it will be treated as a top up of existing loan.

      Reply
      1. Siddharth Post author

        They clearly say that only one Jumbo loan can be availed at a time. Though, yes, you can give it a try.

        Reply
      2. Dhanuja

        Thank hari. Need one more clarification. I took jumbo loan in platinum plus card which has been expired and now I got regalia first card recently. Will I get jumbo loan offer now or loan will be available only 1 yr later..

        Reply
    3. Saurabh Sethi

      It was showing same on my HDFC Regalia.
      Even though, it’ll show you that you can take another Jumbo loan on the website. But, when you’ll try to apply for that loan the website will not allow you to proceed further.

      Reply
      1. Hari

        I tried it. Got the second jumbo loan on the same card credited to my account.

        Reply
  59. RAMANJANEYULU

    HI SIDDARTH,
    THIS IS RAMANJANEYULU
    RECENTLY I TAKEN JUMBO LOAN, BUT NOW I NEED TO PAY THE MONTHLY EMI AMOUNT, HOW I CAN PAY,
    I DONT HAVE HDFC AC,
    I HAVE ONLY HDFC CREDITCARD AC
    CAN YOU TELL MODES OF PAY THE EMI AMOUNT

    Reply
  60. Arul

    After reading this, I have checked my JUMBO LOAN offer. I am eligible to Rs. 8,40,000 (I checked digits!). I m not going to take any loan but I want to know “is this kind of eligibility like normal?”

    Reply
  61. ambati

    Hi ,Siddarth

    Thank you for your HDFC info, which is very helpful, one question,for loan repayment short term or long term which is better

    Reply
  62. Ridesh

    I have activate smart EMI loan on my money back credit card, I like to deactivate so please tell me the process interest is 13.17

    Reply
  63. Sandya

    THIS IS Sandhya
    RECENTLY I TAKEN JUMBO LOAN, BUT NOW I NEED TO PAY THE MONTHLY EMI AMOUNT, HOW I CAN PAY,
    I DONT HAVE HDFC AC,
    I HAVE ONLY HDFC CREDITCARD AC
    CAN YOU TELL MODES OF PAY THE EMI AMOUNT

    Reply
    1. Siddharth Post author

      Technically its setup as another credit card. So you can do NEFT to it like any other credit card payment. However test with small amount to be sure.

      Reply
  64. Bishnu Barman

    My credid card limid 35000. If I cash widwol 30000 .bank pay date..

    Reply
  65. Priya

    Hi,

    I have purchased HDFC freedom credit and using from the last 4 months. Still I am looking for Insta Loan or Instant jumbo loan but always throws not eligible at this time with one Notify Me button. Even I have clicked that button more times. Till not getting any call from the bank or that option. Can you plz suggest me to get this offers immediately.

    Reply
  66. Dine

    Hi

    I have hdfc solitaire credit card and using for last two months. When I was tried to select smart Emi option it is showing not eligible for u. Is it any eligible needed for apply smart Emi. And also I can’t able to select statement on email. That also shows error.contact customer care.how to resolve this issues.

    Reply
  67. Shubham

    Hello Siddharth,

    I am have a salary a/c with HDFC and their jet privilege and diners club rewards cards. Both these cards have 75k limits. Recently I acquired a credit bill of around 51k which I plan to pay in 3 months i.e. around 17K per month. I can even finish them up earlier if I have some cash flow from other sources. Now my question is that Smart EMI is giving me the 9 months option followed by 12.24 & 36 months at 18, 15,15 &15 % respectively. I also have a pre-approved personal loan at 15% that i can take for 1 year but I want to pay the amount back quickly and got done with it. What are my options and the best and economical way to go about it?

    Reply
  68. jitendra saraogi

    which card provide free balance transfer for say 3 months?
    please suggest.
    thanks in advance.

    Reply
    1. ND

      There is none AFAIK. You got to pay the interest. Processing fee is the only thing whch is waived.

      Reply
  69. Dharmendra kumar

    i have Smart EMI on my credit card till 2 August 2019 and now wants to close it. can it possible before 2019? please reply.

    Reply
    1. Siddharth Post author

      Yes, but you need to pay the foreclosure charges. I guess its around 3%

      Reply
  70. Arth

    hi Siddharth
    Insta Loan . Insta Jumbo loan not attractive any more , now HDFC offer this type of lone on high interest rate of 15% to 16% , why interest rate going up with hdfc when other bank reducing interest rate.

    Reply
  71. ANUGU RAVINDER REDDY

    Dear Siddharth and friends,
    1) I availed Insta jumbo loan of Rs.75000/- with my HDFC Money Back Card in July (2017, 3 year tenure) with the ROI of 13.8%. ( PF: Rs.500/-)

    2) I availed one more Insta Jumbo Loan of Rs.925000 ( nine lakhs twenty five thousand) with my Regalia First Card in October (14th) with the ROI of 13.8% (processing fee of Rs.500/-)

    3) The above indicate that we can avail two jumbo loans simultaneously. I’m a classic account holder. My CL on my card is Rs. 75000/-

    Thanks Siddharth.

    Reply
    1. Siddharth Post author

      But you’ve availed on 2 different cards, which is possible.
      BTW, was that 9.25L Jumbo loan on a card with 75k limit?

      Reply
      1. Hari

        Siddarth,
        You can avail two jumbo loans on the same card as long as they are available. I have availed twice on my Regalia in a span of 3 months.

        Reply
        1. hari

          Siddarth, I have availed the Jumbo loan for the third time on the same card and the previous 2 jumbo loans are still active. So, when they say only 2 Jumbo loans can be availed at any time, it could mean one jumbo loan each on 2 different cards.

          Reply
          1. Siddharth Post author

            Yes, i’m noticing this as well. 2nd Jumbo loan is getting enabled after couple of EMI’s on first jumbo loan. Or, they could have tweaked even further in recent times.

    2. K A

      How much credit limit you have on credit card, seems interesting you got 1 jumbo loan of Rs.75000 another Jumbo Loan of Rs.925000 ,

      HDFC ROI is near 15% for 1 year , it used to be 11.98%, but now 15% + GST (18%) ,

      Reply
    3. Pradeep

      You hold money back & regalia first at the same time?
      Can one hold 2 cards at a time in Hdfc?? ( excluding Diners)

      Reply
  72. ANUGU RAVINDER REDDY

    Dear Siddharth,
    Yes it’s true. I availed Rs.9,25,000/- Insta jumbo loan on my Regalia First CC ( CL is 75000/- ). Even I too coudn’t believe it initially and I was surprised to know it. But, it’s true.
    You can avail two jumbo loans on the same card with a gap of 2/3 months.
    Thanks Siddharth.

    Reply
    1. Murlai

      Hi Ravinder,
      Is it true that they charge GST on the interest part of the EMI?
      If yes, this is a very bad deal right?

      Thanks and Regards
      Murali

      Reply
  73. ANUGU RAVINDER REDDY

    Hi Murali,
    HDFC charged me RS.90/- GST on the processing fee (I.e Rs.500/-)
    There were no other charges.

    Reply
  74. salma

    Hi Siddharth,
    I have a credit card with limit of 75k .Can i use to buy bike?I just wanted to know monthly EMI for that 75k.

    Reply
  75. ANUGU RAVINDER REDDY

    Hi Siddharth and others,
    Unbelievable changes are happening with my CC I.e credit limit enhancement from Rs.75000/- to Rs.475000/-( four lakhs seventy five thousand). I don’t know exactly what triggerd for that.
    My CC profile
    1) Opened HDFC salary account in 2014 ( salary Rs. 27500/-);
    2) I was offered Platinum Edge with Rs.50000/- limit and later it was increased to Rs. 60000/- (after one half year or so ) and my Card was upgraded to Money Back;
    3) I took Insta Loan of Rs. 20000/- and Insta jumbo loan of Rs. 75000/- in and around March 2017;
    4) After two EMIs paid, my card was upgraded to Regalia First with Rs. 75000/- limit;
    5) Again I was offered Rs.925000/- (nine lakhs twenty five thousand) jumbo loan in and around October 2017;
    6) After one EMI paid, my credit limit increased directly from Rs.75000/- to Rs.475000/-(four lakhs seventy five thousand)
    7) I’m a classic account holder of HDFC.

    Reply
    1. Siddharth Post author

      75k to 4.75L – Wonderful!
      I’ve got mine doubled, but never seen such huge move of 6X, does this happen as auto LE?

      Reply
    2. Captain Bishuddha Bharatiya

      Lots of congratulations. This is a miracle. I never got automatic LE even once since 2 years of holding the card. Let us know if you get more offers in future.

      Reply
      1. Ritika

        My regalia first card limit is also increased from 62000 to 380000 on 17 Dec. And after my limit increased instantly on net banking bank offered me jumbo loan for 800000 and my regular account status is upgraded to preferred banking with 24×7 video banking facility.my card is one and half year old

        Reply
  76. ANUGU RAVINDER REDDY

    Yes, it was an auto limit enhancement. I never asked for LE because I don’t meet their eligibility criteria.

    Q: Is there any way to upgrade my card to original Regalia/ Diners Black without sending IT documents?(😜)
    Or
    Can I go for Yes first or IndusInd Iconia or any other card based on the card on Card?
    Thanks

    Reply
    1. Siddharth Post author

      Great!

      1. Regalia for sure you can get. DCB i doubt.
      2. YF Preferred for sure you can get, Iconia its already easy to get, if you’re ready to Pay for it 🙂

      Reply
  77. ANUGU RAVINDER REDDY

    Hi,
    Small info regarding Insta Loan of Hdfc. Insta Loan interest varies from profile to profile.
    E.g: My net banking shows Insta Loan with the ROI of 15%. (earlier it was 13.8%) whereas my brother’s is 13.8%.

    Reply
  78. Rajender

    Hi Sir,

    What exactly is “PROMO CODE”, which is asked when applying Insta Loan through net banking, Is it useful for us the customers? Although it is mentioned “Optional” but curious to know if we are missing any benefit by not entering anything there. Please clarify. thank you!

    Reply
    1. Praveen Krishnakumar S

      for imperia customers its at a better rate. promo codes will be given by rm

      Reply
  79. Chithra

    Hi,

    I would like to take insta jumbo loans, I don’t have any credit card right now. I’ll apply for credit Card.
    Can someone tell me, once I got credit card , am I eligible to take insta jumbo loan or do I need to wait for some month. And I want to know, Insta jumbo loans is available now?.
    and please let tell me about the service tax and disadvantages also.

    Reply
  80. Sachin Gupta

    I agree HDFC Insta Jumbo Loan is the best. I had even got the offer of 10.68% p.a. once in 2014 and I took it for first time for my father.
    I booked another loan just after it was over for something i needed but this time it was with 13.80% p.a.

    Reply
  81. Hariprasath V

    I want to pre-closure my HDFC Insta Loan.
    Please suggest me how to close that.

    Reply
    1. Kiran

      Hi,

      Please call the costumer care and request for the same, they would tell you how much to pay including preclosure charges, once you transfer that to your credit card account your loan gets closed.

      Hope this helps.

      Cheers,
      Kiran

      Reply
  82. Ashish Nikhare

    Beware that you will have to incur Pre-closure charges ! Just call CC customer care and inform about preclosure. They will then and there calculate the total amount ie. Outstanding amount + Preclosure charges + GST and inform you about the total amount to be paid. This amount you can pay by the due date of your CC payment. Thats all !

    Reply
  83. Vaibhav

    All loans will turn out very expensive due to GST on interest. This is sheer loot which no one is talking about?

    Reply
    1. Siddharth Post author

      Except for jumbo loan, it was there earlier too, as Service tax.

      Reply
  84. Teenamol

    Hi,
    I am using hdfc credit card in last 3 years. my current limit is 1,30,00 rs, and I am eligible for 1,60,000 rs insta jumbo loan. If I applied 50,000 rs for 12 months the emi will be 4541rs/month, total 54,492(including interest). Imagine in April I took 50,000 rs like that way and i pay 2 EMI (May & June). In july I got a bonus from my company, so I wanted to close my loan. Whats the process for that.. I am paying only the balance amount or interest also? any additional charges is there for that situation? Hope your detailed reply regarding this. Thank You.

    Reply
  85. Ravi

    Hi Siddharth,
    I’m using HDFC Credit card from the past 1year with 50,000 credit limit but I don’t have a HDFC bank account
    I logged in to my HDFC Credit card online it is showing as my card is not eligible for Insta Jumbo loan , only Eligible for Insta loan of amount 40,000
    If I open a HDFC Saving account now will my card is eligible for Insta Jumbo loan
    I want to apply for HDFC Credit card Insta Jumbo loan is this possible

    Reply
    1. Meet

      you can take Insta Jumbo loan without saving account no need to open saving account

      Reply
  86. meet

    Siddharth
    HDFC offers me insta loan , it will block my credit limit , how this look in CIBIL point of view,
    Is cibil show I am using more credit ? utilization ratio ?

    you should update this post, HDFC is charging so much more interest rate on this types of loan

    Reply
    1. Siddharth Post author

      Not so good if you’re blocked >50%

      Yes, the rates are so high these days. Re-written the entire article. Hope it helps.

      Reply
    2. Amex Guy

      HDFC cards do not report total credit limit, hence as per latest TU formula are not used when utilisation % is calculated for your CIBIL score. Only cards that report total credit limit are used in that calculation.

      Reply
      1. Siddharth Post author

        Yet they use “high credit” value to get an idea on the Credit limit.

        Reply
  87. Rohit

    Hi Siddharth,

    I have Concern about Jumbo Loan.
    1. my concern is any hidden charges if i get jumbo loan.
    2. EMI is Constant as per EMI Calculator Included GST.

    Reply
  88. Kumar Saurabh

    Hi Siddharth,

    Whenever I am trying to select option as Smart EMI for HDFC Credit Card and go ahead with the option then at last moment when I click on final button I am getting error message as “REQUEST CANNOT BE PROCESSED AS REQUESTED AMOUNT IS GREATER THAN THE TRANSACTION AMOUNT”. Can you please let us know what should be done in this regard.

    Regards,
    Kumar Saurabh

    Reply
    1. Ashok Yadav

      have u got any help …please help me out I am also in same problem

      Reply
  89. Raja sylvester

    Hi sir good morning
    Raja here
    Can you give me a suggestion can I able to convert my hdfc business money back credit card transaction into Emi
    Still I can’t find any Emi offers in my login I’d
    Thanks in advance
    Raja

    Reply
  90. Parag Goswami

    thank you for providing the useful information on hdfc credit card

    Reply
  91. RAVI SHANKAR SONI

    I have HDFC Millennia Credit card and get offer of Insta Jumbo Loan but but but they have offered me this amount on interest rate @ 21% for 2 years. So, please let me know that how to get low interest rates from them.

    Reply
    1. nandha kumar

      Now a days hdfc interest rate is very high in credit card loans.

      Reply
      1. Mahendra G

        Hi Nandha,

        That’s obvious. Due to corona, so many people’s finance hurted. So risk of default is high. That will impact on internet rate. Even if guy defaulted, that amount bank can recover from others interest

        Reply
  92. Sada shiva

    Hi i have a offer of 25000 for insta loan if i go for it does my credit card limit will block?
    And need to know lowest tenure and interest rate per anum
    And processing fee as well plz any one can explain

    Reply
    1. Mayank

      I got an offer on my HDFC CC for insta loan of 225000 for a tenure of 12 months@2%. Processing fees is Rs. 700+18%GST. You can use the link provided in the above article to check the total extra amount that y would have to pay.

      Reply
    1. SUNIL PATEL

      Hey Arjun,
      Get a CIBIL score above 750 and all other documents required as mentioned on web site and contact nearest SBI or BOI branch. Assure you that they have the best rates and terms in the industry. Can ask for comparative debate head on. Myself a SBI home laon customer. LIC, BOB ( inspite of having account), ICICI( in spite of having salary account) rejected and these both we more than willing to give me money in spite of being non customer.

      Reply
  93. SUNIL PATEL

    Hey Arjun,
    Get a CIBIL score above 750 and all other documents required as mentioned on web site and contact nearest SBI or BOI branch. Assure you that they have the best rates and terms in the industry. Can ask for comparative debate head on. Myself a SBI home laon customer. LIC, BOB ( inspite of having account), ICICI( in spite of having salary account) rejected and these both we more than willing to give me money in spite of being non customer.

    Reply
    1. V Harikanth

      Axis bank is charging 22.20 interest rate per annum on insta loan on credit card

      I think this is the only bank that charging too much of interest in any part of the world

      I wish may this msg reach to Axis CEO of whoever & reduce the rate of interest immediately

      Reply
  94. deal hunter

    What is the normal processing fees for insta loan on HDFC credit cards?

    I am planning to take a small INR 1,000 insta loan for 12 months @ 21% interest more to improve chances of a card upgrade/improve cibil score.

    But HDFC is now showing what will be the processing charges here. It only says max will be 600+ GST

    But I do not want such high processing charges on such a small amt

    Reply
  95. Kavya

    I had taken 4 lakhs under insta jumbo loan a week back. I want to cancel the disbursed loan amount.
    Is there any way for cancellation through online??

    Reply
  96. Shen

    Can anyone confirm if insta loan helps get a jumbo loan or insta loan help limit enhancement?

    Reply

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