How to Close Aditya Birla Personal Loan?

For the Aditya Birla personal loan closure process, you must follow a structured process that ensures all dues are cleared and your account is formally closed. Before initiating the closure, thoroughly review your loan agreement to understand any applicable pre-closure charges, lock-in periods, and conditions related to full repayment. This will help you anticipate any costs and ensure compliance with the terms.

What is the Process of Aditya Birla Capital Personal Loan Closure?

• Reach out to Aditya Birla Finance Limited (ABFL) to inform them of your intention to close the loan. You can do this by sending an email from your registered email address to care.finance@adityabirlacapital.com.

• Include your loan account number, contact details, and the reason for foreclosure. If the closure is due to the sale of property or other significant events, attach relevant supporting documents.

• Request a foreclosure statement from ABFL. This document will detail the exact outstanding amount, including principal and any applicable charges.

• The foreclosure charges are typically 4% of the principal outstanding amount, plus applicable GST. Note that foreclosure is allowed only after 12 months from the date of loan disbursal.

• Pay the total outstanding amount as per the foreclosure statement. Ensure that the payment includes the principal, any applicable charges, and GST. Payments can be made through various modes, such as cheque, demand draft, or online transfer, as per the instructions provided by ABFL.

• After the payment is processed, request an acknowledgment letter and a No Dues Certificate (NDC) from ABFL. These documents serve as proof that the loan has been fully repaid and the account is closed. Keep these documents safely for future reference.

After closure, monitor your credit report to ensure that the loan account is reflected as closed and settled. This will help maintain an accurate credit history and prevent any discrepancies.

Hi Aditya. I know how to close Aditya Birla personal loan. Unfortunately, I couldn’t find any online process to do the closure, so you’d have to visit the branch. You’ll then need to inform the bank officials about the closure so they can cross-verify it. When you go to the bank branch, carry a government-issued ID proof, account number and a cheque in case you have an outstanding loan amount. Let me share the rest below.

Aditya Birla Personal Loan Closure Process

At the bank, your documents will be verified by the officials and then the loan account will be closed. Once the account is closed, a No Objection Certificate (NOC) will be issued by the bank, which will serve as a proof that the loan account has been closed with full repayment.

Aditya Birla Capital Personal Loan Closure Charges

If you decide to foreclose your loan, i.e. paying the loan amount and closing the loan account before the tenure ends, you’d attract some charges. This is as follows,

Foreclosure Charges: The applicable charge is 4 percent of the principal outstanding amount plus GST.

I hope you now know how can I close my Aaditya Birla personal loan.

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Some related information:

Aditya Birla Personal Loan Locking Period and Prepayment Terms?

I pre-closed my Aditya Birla personal loan last year; hence, I can guide you on how to close Aditya Birla Personal Loan. I am not sure about the online process since I have done it offline, so let me share the offline process with you. So to close your loan, you will need to visit your bank branch with some documents, like identity proof and loan documents mainly, and talk with the official about it.

How can I Close My Aditya Birla Personal Loan?

If you are planning to close your Aditya Birla Personal loan, you will need to

• Visit your bank’s branch with identity proof, loan account number and documents, a cheque, etc.

• Ask the official to start with the closing procedure. You will need to pay the remaining debt amount, or EMI.

• Once the account gets closed, make sure you need to collect the No Objection Certificate (NOC) from the bank.

So this is how you can close your loan offline. But if you are planning to pre close the loan account, here is what you need to do:

• Visit the bank branch with all the required documents like ID proof, passbook, a chequebook if you are planning to pay the remaining debt for it and others

• Ask the official to start the preclosure process

• You will need to pay the remaining debt along with other charges

• Once you complete all the formalities, you will be issued an acknowledgment letter, so make sure you keep it

So this is how you can close your personal loan in Aditya Birla. 

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