HDFC Bank provides Insta Loans to all HDFC Bank credit card users against their credit limit. Cardholders can avail Insta Loans depending on their eligibility, card type, card limit and credit profile. 

Closing the Insta Loan is similar to closing all other types of loans. After obliging with all the repayments, you can call up the customer support of HDFC Bank to request for a NOC (No Objection Certificate).

You can also pre-close the loan before completing the actual tenure. However, you may be charged a penalty fee for pre-closure. Note that HDFC Bank charges a fee of 3% of the outstanding balance for foreclosures. At the time of pre-closure, you also need to pay the pro-rata interest applicable with the outstanding balance. GST of 18% is applicable on pre-closure charges. After the closing of the loan, get a NOC from the bank.

The bank does not allow its customers to make part-prepayment on Insta Loans. The EMI shall be paid along with the credit card bill each month. But if you wish to pre-close the loan then you need to call up the customer care to make the request for the same.

Additional Reading: Things You Must Know While Closing A Personal Loan