When i logged out of my HDFC netbanking, this is what i saw “Enjoy zero foreclouser charges on our car loans”

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Wikipedia

I believe HDFC meant Preclosure instead of Foreclosure and this one word makes a world of difference!

Preclosure – Prepayment is when you decide to pay an additional amount of principal of your loan back, ahead of time. This reduces the principal outstanding, which in turn reduces your EMIs or your remaining loan tenure. … Preclosure of loan means you wish to close loan account prior to completion of repayment period.