Can we pay Home Loan through credit card. Any Trick?

[c00lhack]

Hi All,

I was thinking if we can pay monthly homeloan payments through a credit card.

I have a Home Loan running through HDFC Limited. Any way to pay monthly amount through credit card to reach Milestone benfits.

 

[Wealth is my birth right!]

Hi All,

I was thinking if we can pay monthly homeloan payments through a credit card.

I have a Home Loan running through HDFC Limited. Any way to pay monthly amount through credit card to reach Milestone benfits.

HL emi mandatory from savings account only

 

[c00lhack]

Thanks. If possible, it would have been great.. 🙂

 

[Wealth is my birth right!]

Thanks. If possible, it would have been great.. 🙂

I understand
As of now ecs mandate for auto debit works with sb accounts only

 

[NOOBY]

I don't think banks would ever allow paying for 1 credit via other 😛

For paying loan amount via cc, You may have to take loans from 3rd party (which have way too interest) and which also have payment gateway which accepts CC

 

[amit]

Hi All,

I was thinking if we can pay monthly homeloan payments through a credit card.

I have a Home Loan running through HDFC Limited. Any way to pay monthly amount through credit card to reach Milestone benfits.

the only possible way is rotate money using cc to bank account.

 

[deep@vie]

Hi All,

I was thinking if we can pay monthly homeloan payments through a credit card.

I have a Home Loan running through HDFC Limited. Any way to pay monthly amount through credit card to reach Milestone benfits.

you can rotate money from cc to bank but that incurs certain charges & in long term your card would be definitely flagged

 

[ltf4ever]

you can rotate money from cc to bank but that incurs certain charges & in long term your card would be definitely flagged

how would credit card banks find out that money is being rotated? for transactions, the mcc will be just paytm/paytmwallet (for example if used paytm).
Paytm can flag the account which it already does despite taking cc loading charges.

 

[deep@vie]

how would credit card banks find out that money is being rotated? for transactions, the mcc will be just paytm/paytmwallet (for example if used paytm).
Paytm can flag the account which it already does despite taking cc loading charges.

First of all paytm will start charging 4.35% if you regularly load wallet using CC.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Hi All,

I was thinking if we can pay monthly homeloan payments through a credit card.

I have a Home Loan running through HDFC Limited. Any way to pay monthly amount through credit card to reach Milestone benfits.

It can be done using rent payment through credit card, use paytm or any other medium and the credit the rent in your spouse account , from there you can transfer the amount to your account where ecs mandate is given

 

[anirban.choudhuryanirban.choudhury is verified member.]

It can be done using rent payment through credit card, use paytm or any other medium and the credit the rent in your spouse account , from there you can transfer the amount to your account where ecs mandate is given

One of my known , used this method for payment for about a year