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Terms & Conditions – SmartEMI (Dial An EMI)

 To know about SmartEMI, visit www.hdfcbank.com/smartemi

 Visit www.hdfcbank.com/faq for steps to apply for loan in NetBanking, solution for issues while applying for loan

and FAQs.

 For EMI Calculator and monthly repayment schedule including GST, visit www.hdfcbank.com/emicalc

• The loan is sanctioned at the sole discretion of HDFC Bank Ltd.

• Processing Fee is upto Rs849 (Exclusive of GST for all loan amounts) depending on the customer’s

eligibility/offer details.

• For the First EMI, the Interest will be calculated from the loan booking date till the payment due date. This is

applicable only for the First EMI of the loan, interest for the remaining EMI will be as per the statement cycle.

• Your availing of the loan will be deemed to be your unconditional acceptance of the terms and conditions and you will

be bound by the same.

• Reward points earned for any transaction, will be reversed if the transaction gets converted into SmartEMI .

• Only Select HDFC Bank Credit Card Customers are eligible for the loan. HDFC Bank reserves the right to

decide the eligibility as per internal policy and guidelines.

• Gold and Jewelry related transactions cannot be converted into Smart EMI due to internal policy guidelines.

• Transactions made under Digital Goods – Games (MCC 5816) and Video Game Arcades (MCC 7994) are not

eligible for Smart EMI.

• Transactions more than 60 days cannot be converted into EMI

• Monthly payment dues will include EMI and GST on the interest amount of the EMI. This monthly payment

due will be billed in the monthly statement starting from the immediate billing cycle date and be part of the

Minimum Amount Due (MAD) appearing in your monthly HDFC Bank Credit Card statement. Payment of MAD is

required to keep your card regular.

• If billed transactions are converted to Smart EMI, you are still liable to pay the Minimum Amount Due (MAD)

by the payment due date.

Please note that

1. EMI = Principal Amount + Interest Amount

2. Monthly Loan Repayment = EMI + GST on Interest amount of EMI.

3. First EMI will include interest charged for a month irrespective of the loan disbursement date. Please

refer to the Amortization schedule that will be sent after your loan is set up for details of principal amount &

interest amount.

4. For EMI Calculator & monthly repayment schedule including GST, visit www.hdfcbank.com/emicalc

5. Interest rate shown in NetBanking is per annum. In the EMI Calculator, choose Interest rate per

annum and enter the interest rate shown in NetBanking.

• The loan once approved can be cancelled within 7 days of loan booking date.

• The loan once approved and processed can be pre-closed. In case of pre-closure of the loan, a charge, currently3%

of the balance principal outstanding will be applicable.

• Along with pre-closure charges, pro-rata interest applicable and credit card outstanding balance at the time of

pre-closure have to be repaid for pre-closure of the loan.

• Partial pre-payment or partial closure is not permitted on this loan.

HDFC Bank reserves the right to revise the pre-closure penalty at its discretion. Additional interest i