Foreclose means pre-closure of loan before the due date. After taking a loan you may repay the money along with the interest before the due date. For this, you need to opt for foreclosure. So what is the process for foreclose and how to foreclose Bajaj Finserv loan online. I will share all the key aspects below.
In case you have applied for a personal loan in Bajaj Finserv, you must learn that there is a lock-in period of one year and after that, you can choose to foreclose your loan.
How to foreclose Bajaj Finserv personal loan online?
To foreclose, you have to visit the bank and talk to the bank authorities and they will guide you to close your personal loan account.
When you visit the Bajaj Finserv branch take important documents such as:
Applicable loan documents
Identity and address proof, i.e Passport, Aadhaar card, Voter ID card, etc.
Documents carrying EMI details
Demand and cheque draft
Fill up the required documents and sign wherever required and pay your debt. After submission, you will be informed about the foreclosure of the loan. After the foreclosure, you must obtain the documents including:
Receipt stating pre-closure payment
No Objection Certificate
Personal loan closure certificate
Completion of repayment certificate
The Bajaj Finserv usually takes the prepayment charges of 3-6% on your principal outstanding amount when you foreclose your loan.
If you are wondering how to foreclose Bajaj Finserv consumer loan online, then I would have to say that there is no online process yet for foreclosing loan. You have to visit the bank and complete the legal process as suggested by the bank officials.
This is all I have to say about how to foreclose Bajaj Finserv loan online. I hope you find this helpful.
Get home loans from the banks you want at the lowest interest rate by choosing NoBroker home loan services.Read more:
What Is Foreclosure?
What Is Foreclosure Charges?
What is outstanding amount in loan?Your Feedback Matters! How was this Answer?
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How to foreclose Bajaj Finserv loan online?
Robert
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2022-04-06T19:49:36+00:00 2022-04-06T19:49:37+00:00Comment
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