HDFC FlexiPay
Features of FlexiPay
- Anytime Anywhere credit available 24*7:Enjoy the convenience of availing a credit line from Rs. 2,000 up to Rs. 60,000 instantly.
- No Hidden Fees/Processing Fees/ Convenience Fees
- Flexible Repayment Tenures:Choose any repayment schedule starting from 15 days to as long as 90 days.
- 15 days- No extra cost Period:Offer no interest period to your customer for 15 days with HDFC Bank FlexiPay.
- Repayment Schedule:The due amount is automatically debited from your existing HDFC Bank Savings or Current Account.
- Bullet Repayment: Pay only interest amount initially as monthly instalment and principal amount on the last day of your desired tenure
Eligibility Criteria
The eligibility criteria for FlexiPay- Buy Now, Pay Later is:
- Minimum Loan Amount: Rs. 2,000
- Maximum Loan Amount: Rs. 60,000
Fees and Charges
Tenure | ROI Per Annum | Convenience Fee |
15 days | 0% | Nil |
1 Months | Rs.70 per month for transaction of Rs.3000 | Nil |
2 Months | Rs.70 per month for transaction of Rs.3000 | Nil |
3 Months | Rs.70 per month for transaction of Rs.3000 | Nil |
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Auto Debit return penal interest:
A 2% interest rate plus GST at 18% is applicable subject to change as per the Government’s instruction, subject to a minimum of Rs.450 shall be levied. -
Late Payment Fee:
Non-payment or partial repayment of the outstanding amount will attract a late payment penalty of 3% plus GST at 18%, subject to change as per the Government’s instruction on the total outstanding due. -
Pre Closure Charges:
Pre-closure of the FlexiPay service will currently attract a charge of 4% on the balance principal outstanding plus GST at 18%, subject to change as per the Government’s instruction