• The ‘JUMBO CASH’ 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.
• The interest is calculated using the reducing balance method.
• HDFC Bank reserves the right to revise the pre-closure penalty at its discretion.
• You will receive a separate statement for your ‘JUMBO CASH’ Loan mentioning your Equated Monthly Installment (EMI) amount to be paid and the due date for paying the same.
• Service Tax (ST) is applicable on the following (currently at 12.36%, subject to change as per Govt. announcement):
  • Processing Fee
  • Preclosure Charges
• I agree that nominated HDFC Bank account will be debited for auto-pay within 5 working days from the payment due date (PDD) as indicated in the Jumbo Cash Loan Statement. If my account does not have sufficient funds, I will be liable to pay applicable charges as indicated in the Jumbo cash Loan Statement. I further agree that the auto debit instruction cannot be withdrawn/ Cancelled before completion of Loan / pre-Closure whichever is earlier.

Note:

• Only savings account holders of HDFC Bank Ltd. With operating instruction of single /either or survivor/anyone or survivor. Jointly can request for Auto Debit.
• Auto-Pay will be activated within 7days from the date of incorporation. If the payment due date is within these 7 days, please pay this cycle payment through other payment mode (Cash / Cheque / Demand draft). Please quote your Jumbo Cash Loan account number as mentioned on the loan statement.
• Auto debit return penal interest 2% on payment amount subject to minimum of Rs. 450/-*
  (*Please note charges are subject to change at the discretion of HDFC Bank. Any changes on the charges will be communicated to the customer).
• This loan can be pre closed anytime during the loan tenure.
• In case of pre-closure of the loan, a penalty charge, currently 3% of the balance principal outstanding plus Service Tax will be applicable along with interest on the principal outstanding from last statement date till date of loan pre closure.
• As the pre-closure charge is subject to change, we request you to get in touch with your nearest phone banking for the applicable charge if you decide to pre-close the loan.
• Partial pre-payment or partial closure is not permitted on this loan. Nonpayment or partial payment of EMI outstanding will attract late payment penalty of Rs.500/- plus Service Tax irrespective of the EMI amount outstanding. No finance charge will be levied on Nonpayment or partial payment of EMI outstanding.
• In case of default in payment of 'JUMBO CASH' EMIs on the due Dates, your loan account service shall be suspended and could further be terminated.
• If you want to cancel the 'JUMBO CASH' Loan, please send a letter for the same within 30 days from date of loan disbursal (Subject to Non utilization of funds) to:
  Manager,
  HDFC Bank Card Division,
  P.O.Box 8654, Thiruvanmiyur,
  P.O., Chennai - 600041.

Notwithstanding anything stated above, the continuation of the loan shall be at the sole discretion of the bank and outstanding will be payable to the bank on demand. The Bank may at any time in its discretion without assigning reason call up on the customer to repay the entire outstanding and thereupon customer shall within 48hours of being so called upon, pay the whole of the outstanding to the Bank without any demur or delay.

HDFC bank reserves the right at any time, 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.