SmartHub Terms and Conditions

SmartHub Terms and Conditions


The 'CASH ON CALL' Loan is sanctioned at the sole discretion of HDFC Bank Ltd. 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.

Interest & charges

Please note that Monthly Payment = Principal Amount+Interest Amount. Please refer to the Amortization Schedule (will be sent after your loan is set up) for details of Principal Amount & Interest Amount.

Please also note that the above EMI amount will 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.

Interest & other applicable charges are levied on the balance outstanding.

Loan Closure

Processing fee amount will get levied during the immediate billing cycle post loan booking.

Please note that post booking of this loan, you would be unable to withdraw cash using your HDFC Bank Credit Card. We also take this opportunity to confirm that the facility of cash withdrawal would be restored on payment of your loan in full / pre closure of the loan whichever is earlier.

If your HDFC Bank Card get closed before all the installments have been charged, the Loan outstanding will get debited to your card account is liable to be suspended and could further be terminated.

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

This Loan can be pre closed any time during the tenure. In case of pre-closure of the loan, a charge, currently 3% of the balance principal outstanding plus Service Tax will be applicable. As the pre-closure charge is subject to change, we request you to get in touch with your nearest call centre for the applicable charge if you decide to pre-close the Loan. HDFC Bank reserves the right to revise the pre-closure penalty at its discretion.

Subject to change

HDFC bank reserves the right at anytime, without previous notice, to add, alter, modify, change or vary all or any of these terms and conditions or to replace wholly or in part this scheme by another Offer, whether similar to the Offer or not, or to withdraw it all together.

You will not hold HDFC bank responsible for, or liable for, any actions, claims, demands, losses, damages, costs, charges, expenses, which a participant may suffer, sustain or incur by the Offer. All disputes, if any, arising out of or in connection with or as a result of the Offer or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent Courts/Tribunals in Chennai only.