Can we pay bank loans with a credit card?

Can we pay bank loans with a credit card?

Yes, it is possible to pay a personal loan EMI through credit card. This is because when you use a credit card, you are actually using the bank’s money to pay off the bank’s borrowed money. This borrowed money you take from your credit card, which you need to pay on a scheduled time, is a type of loan.

How can I pay my education loan EMI?

Visit the official website of Indian Banking Association (IBA.org.in) From the menu on the homepage under the ‘Others’ tab click on ‘Calculators’ To calculate the student loan repayment EMI amount click on ‘How much do I have to pay’

READ ALSO:   How do you become an expert in calculus?

Can I pay a student loan with a credit card?

You typically can’t pay student loans with a credit card directly to your student loan servicer or lender. It’s possible, however, to use a third-party payment service or a line of credit to pay student loans—say, by transferring them to a card with a 0\% APR period or by taking out a cash advance.

How can I convert my outstanding EMI to SBI credit card?

Website

  1. Click on the ‘Benefits’ link on left hand navigation and select ‘Balance Transfer on EMI’
  2. Enter details & confirm to book BT on EMI instantly.

How can I close my SBI education loan Account?

To close a loan account:

  1. Click Requests > Closure of Loan A/C. A Closure of Loan A/C page appears.
  2. Select the loan account you wish to close.
  3. Select the transaction account which will be debited to close the loan. Figure 1 shows sample settings.
  4. Click [Submit].

Can I pay all my student loans at once?

READ ALSO:   Why is being stoic a bad thing?

Yes, you can pay your student loan in full at any time. Lenders typically call this “prepayment in full.” Generally, there are no penalties involved in paying off your student loans early. However, you should make sure you know how much you currently owe.

Can I Pay HDFC credit card through SBI credit card?

In the normal course and with the available options, the HDFC CREDIT CARD payment cannot be paid through payment of SBI credit card. If​you want to transfer the balance of the HDFC credit card to SBI credit card payment you can do so byhaving proper sanction from SBI.

How to convert billed credit card amount to EMI with HDFC Bank?

You can convert billed Credit Card amount to EMI with HDFC Bank through PhoneBanking. You can look up and call the customer care number unique to your city. Inform the customer care executive about the interest rate, available amount, and tenure for repayment.

READ ALSO:   How often do you bathe a miniature Dachshund?

How to check unbilled transactions in HDFC Bank NetBanking?

1. Log in to your HDFC Bank NetBanking account 2. Click the Cards tab 3. Next, under Credit Card, select the Transact, then the SmartEMI option 4. An unbilled transactions page will appear. Choose your specific card. 5. Select Debit as your transaction type. Select view.

Where can I find the EMI amount on my credit card statement?

EMI amount, service tax and education cess will be billed in the monthly statement starting from the immediate billing cycle date They are part of the Minimum Amount Due (MAD) appearing in your monthly HDFC Bank Credit Card statement