how to pay hdfc home loan partial payment online

If you have an HDFC home loan and want to make a partial payment online, you can easily do so by following a few simple steps. Making partial payments towards your home loan can help reduce your outstanding principal amount and save you on interest in the long run. With HDFC’s convenient online payment options, you can make these payments from the comfort of your own home. Read on to learn how to pay HDFC home loan partial payment online.

Step 1: Visit the HDFC website

The first step to making a partial payment towards your HDFC home loan is to visit the official HDFC website. Open your preferred web browser and type in “www.hdfc.com” in the address bar. Press Enter to access the website.

Step 2: Login to your HDFC account

Once you are on the HDFC website, locate the login button at the top right corner of the page. Click on it to proceed to the login page. Enter your HDFC net banking credentials, including your customer ID and password. If you haven’t registered for net banking, you will need to do so before you can proceed with making a partial payment online.

Step 3: Access loan account details

After logging in to your HDFC account, navigate to the loan section or loan account details. This section will provide you with information about your home loan, including the outstanding principal amount, interest rate, and tenure. Look for the option to make a partial payment or prepay your loan and click on it.

Step 4: Enter partial payment details

On the partial payment page, you will be required to enter the amount you wish to pay towards your home loan. Additionally, you may be asked to provide information such as the purpose of the payment and your contact details. Fill in all the required fields accurately to proceed.

Step 5: Choose payment mode and complete the transaction

After entering the payment details, you will need to choose your preferred payment mode. HDFC provides various online payment options, including net banking, debit cards, and UPI payments. Select the option that is most convenient for you and follow the instructions to complete the transaction. Review the payment details one last time before confirming the payment.

Benefits of making partial payments

Making partial payments towards your HDFC home loan can have several advantages. Here are some benefits of making regular partial payments online:

  • Reduces your outstanding principal amount
  • Saves on interest payments
  • Shortens the loan tenure
  • Improves your credit score
  • Provides flexibility in managing your finances

Frequently Asked Questions (FAQs)

Here are some frequently asked questions about making partial payments towards HDFC home loans online:

QuestionAnswer
Can I make a partial payment towards my HDFC home loan anytime?Yes, you can make a partial payment towards your HDFC home loan anytime during the loan tenure.
Are there any charges for making partial payments online?HDFC may charge a nominal fee for processing partial payments. It is advisable to check the fee structure beforehand.
Can I make a partial payment towards my HDFC home loan using a credit card?No, HDFC currently does not offer the option to make partial payments using a credit card. You can use net banking, debit cards, or UPI payments instead.

In conclusion, paying HDFC home loan partial payment online is a simple and convenient process. By making regular partial payments, you can reduce your outstanding principal amount, save on interest, and shorten the loan tenure. It is important to follow the steps mentioned above and ensure accurate payment details to have a hassle-free experience. Take advantage of HDFC’s online payment options and manage your home loan effectively.