HDFC Credit Card Balance Transfer

1. With HDFC credit card balance transfer will allow its customer to repay their existing debt on other credit cards while paying an EMI between Rs.27 and Rs.10,000.
2. HDFC credit card allows the customers to transition from higher to lower EMIs.
3. Customers can repay their loans in 9 to 48 months repayment period.
4. Customers will get their loan disbursed quickly. As the loan is pre-approved, no documentation is necessary.

Fees and Charges of HDFC Credit Card Balance Transfer

Balance transfer on EMI is only accessible to HDFC bank credit card customers. The bank will charge a balance transfer fee that is a proportion of the total amount being transferred in such circumstances. The current rate for the transfer is 1.10% of the entire amount.

Eligibility Criteria for HDFC Credit Card Balance Transfer

Customers can check their eligibility using phone banking or by registering for a call back from the customer service helpdesk on their registered phone numbers, and then apply for the balance transfer feature. They can also check if they are eligible through Net Banking or SMS Banking.

Documentation Required

No documentation is required to apply for HDFC credit card balance transfer.

How to Apply for a HDFC Bank Credit Card Balance Transfer

The process of application for a HDFC Bank Credit Card Balance Transfer on EMI is very simple. You can follow the steps mentioned below to apply for the same:

Step 1: Use any one of the mentioned above to find out if you are eligible for the balance transfer.

Step 2: If you are eligible, you can log in the HDFC Net Banking portal using your login credentials.

Step 3: On the portal, click on the 'Cards' tab.

Step 4: You will be redirected to a new section wherein you will be required to enter the details of your HDFC Credit Card and the other credit card for the balance transfer.

Step 5: Once the details are validated, you will be required to enter the amount of the balance which you would like to transfer.

The transfer usually takes place immediately. However, in some cases, it might take up to 2-4 hours to reflect in the account.

Cancellation of HDFC Credit Card Balance Transfer On EMI

Once your loan is approved, you can cancel your HDFC balance transfer facility only within 3 working days from the loan booking date. After three days you cannot cancel the facility but can pre-close it.

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