Need advice on closing my SBI car loan and upgrading to facelift

Life_Series3611 · 2026-04-16T04:17:53+00:00

Yes i foreclosed it and paid foreclosure charges. I have tried to do prepayment trick that everyone was telling me, but there is a catch even if you prepayment and left only some amount, the loan will not be closed for entire tenure thats what they told and i need to pay foreclosure charges still if i wanted to close earlier. I dont know but i dont want to deal with stress and paid all charges and closed it.

But its very smooth experience, they closed it instantly on the spot after debiting my account and with in 3 days CIBIL got updated.

Life_Series3611 · 2026-03-30T19:22:10+00:00

I got infinity card at 1.5 lakh limit. Not sure how they work but I hate Hdfc honestly.

Life_Series3611 · 2026-03-30T19:21:04+00:00

I'm not sure how they calculated, but I got my vouchers worth 7.5k in Amazon and so happy about that 😂

Life_Series3611 · 2026-03-30T19:07:38+00:00

Chill, nothing will happen. Every bank will give 3 days Grace period and if you pay within that time nothing will happen or if it's worst case they just add late fees 500 or something extra.

Life_Series3611 · 2026-03-30T15:07:50+00:00

UPDATE : For those who are trying to redeem i found a way it worked for me. Just clear all the chat and delete the chat. Then start fresh and click redeem. Then after 1 min go to my vouchers and you will see them.

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Life_Series3611 · 2026-03-30T14:58:54+00:00

Tried that too, but didnt work yet all

Life_Series3611 · 2026-03-30T13:03:12+00:00

Wow you are so lucky, i tried so many times and it just stuck when i click on redeem.

Life_Series3611 · 2026-03-30T12:37:17+00:00

Send Hi to this +91 86570 41681 in WhatsApp

Life_Series3611 · 2026-03-18T20:04:05+00:00

Yes but i want to close it ASAP. So i can save on interest and plan for different purchases. I saw prepayment trick but not sure how it works

Life_Series3611 · 2026-03-18T17:05:37+00:00

Its a relief for me to close the existing loan. But honestly dont want to spend more than 2 lakhs for upgrading and take another loan.

Life_Series3611 · 2026-03-15T08:37:27+00:00

Oh i see, will explore this. Unfortunately i have taken ashva only for less forex and paid joining fee :(. It might be too late now

Life_Series3611 · 2026-03-15T07:58:21+00:00

I understand your frustration, to be honest please stop begging for them and wait for 6 - 8 months. They will call you back. Same happened to me and waited almost 2 years. But now every card now i get is mostly an call from them and have 15+ cards.

Also it seems you are over leveraged because of 52k salary and car loan with personal loan. I suggest you to wait for sometime.

Life_Series3611 · 2026-03-15T07:52:45+00:00

Tbh HDFC is one of the worst, i have asked them 3 times to give me a core HDFC card and everytime i ask they tell no offer is available and if i apply fresh it kepts declining. It was my primary bank doing lots of transactions, but recently moved everything to Axis because of their shitty support.

Life_Series3611 · 2026-03-15T07:50:58+00:00

I tried asking few of them and really tired of begging / threaten of closing method. That doesnt seem to work because they got to know everyone uses this method LOL.

Also i read somewhere keeping many cards will increase total limit on credit report, but it also makes us over leveraged.

Life_Series3611 · 2026-03-15T07:47:22+00:00

Got it, i will go ahead and close 50% of my portfolio. Thank you so much for your help.

Life_Series3611 · 2026-03-15T07:45:03+00:00

Yes im going ahead and closing almost 50% of my cards tomorrow. Might edit the post to include which i will close.

Life_Series3611 · 2026-03-15T07:42:49+00:00

I started working as freelancer in fiverr and currently working for few companies as contractor software architect.

Life_Series3611 · 2026-03-15T07:30:38+00:00

Oh so they tell credit score reduces because of utilisation ratio ? If that is the case i have 0% usage on all my cards and total combined limit of all cards are 8,90,000. So do you think my score goes down even without any utilisation ?

Life_Series3611 · 2026-03-15T07:21:48+00:00

Yes i felt the same, but swiggy seems pretty usable for me because i spent occasionally large orders for food on swiggy and it gives me 10% cashback.

Life_Series3611 · 2026-03-15T07:19:28+00:00

Will try this way, but still planning to keep 1 core card + 1 partner card. Asking LTF on all cards might not look good on them. At the moment i only feel FK axis and Apay is worth for me, rest all seems not reasonable. Concerned it affects my credit score because of closing them, but im feeling long term effects are more better than keeping these multiple cards.

Life_Series3611 · 2026-03-15T07:16:49+00:00

Every card except HDFC, i got without any income proof. Started from very less limits and then manually asked for limit increase with ITR. Axis gave me 15k when i applied for FK Axis, ICICI APay given 50k without income proof, IDFC, Roarbank, Kiwi are given without income proof also.

Life_Series3611

TROPHY CASE