HDFC Bank provides Insta Loans to all the HDFC Bank credit cardholders against their credit limit. One can avail Insta Loan based on their eligibility. Closing the Insta Loan is much similar to closing all other loans. After completing all the repayments, you can call up the customer support of HDFC Bank to request for a ‘No Objection Certificate’ (NOC).
    
You can also pre-close the loan before completing the tenure. However, you may be charged a fee of penalty for pre-closure. Currently, HDFC Bank charges a fee of 3% of the outstanding balance. At the time of pre-closure, you also need to pay the pro-rata interest applicable and outstanding balance. GST of 18% is applicable on pre-closure charges. After the closing the loan, get a NOC from the bank.
    
The bank does not allow you make part-prepayment on Insta Loan. The EMI is paid along with your credit card bill each month. You need to call up the customer care to make the request to pre-close the loan.
    
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