Table of Contents
How can I close my IndusInd personal loan online?
Steps of Personal Loan Prepayment Process
- Step 1: Visit the nearest IndusInd Bank branch.
- Step 2: Request for a foreclosure application form for your personal loan account.
- Step 3: Submit the required documents and pay the outstanding balance, including the prepayment charges.
How do I foreclose an IndusInd loan?
How to Pre-Close IndusInd Bank Personal Loan
- Visit an IndusInd Bank branch with the required documents.
- Your lender may give you a pre-closure form or may require you to write a letter for the same purpose.
- You will need to pay the outstanding loan balance along with the pre-closure penalty to the lender.
Can we foreclose personal loan online?
Personal loans cannot be pre-closed online, therefore you are required to find the nearest bank branch, where you can pre-close your loan. You can call the bank’s customer care number to find the branch next to you. Bank statement reflecting the payment and clearance of the last EMI.
Can I pre-close my HDFC personal loan?
HDFC Bank enables a personal loan borrower to make a pre-closure or a pre-payment of loan. However, you will be able to prepay your HDFC personal loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable.
Can I pre-close HDFC jumbo loan?
Yes, you can pre-close your HDFC Insta Jumbo Loan at any given point of time. Please note that you will be charged a prepayment charge of 3\%. This will be on the balance principal outstanding.
How can I check outstanding loan amount in IndusInd bank?
Call the IndusInd bank personal loan customer care number 1860 500 5004 or 022 44066666. These numbers are available around the clock. Email the bank at [email protected]. You can also walk into any of the nearest branches.
How is foreclosure amount calculated?
You can calculate the prepayment charges by determining the different between the original interest rate and the current interest rate. For example, if the original interest was 7.5\% and the current rate is 5.5\% the difference is 2\%. Multiply the principal amount by the difference in percentage – 200,000 x 0.02 = 4000.
How can I get IndusInd loan statement?
Steps to check your IndusInd Bank Loan statements
- Visit the official website of a IndusInd Bank.
- Log in to your personal loan account using customer ID and password.
- Click on ‘View statement’.
- For future reference, you can also download the loan statement.
How can I check outstanding loan amount in IndusInd Bank?
Can I close HDFC personal loan in any branch?
Step-by-Step Process of Pre-closing HDFC Bank Personal Loan Part payment is allowed only twice in the entire loan tenure. These can be dropped off at any branch of HDFC Bank. -If you intend to pay over Rs49,000, then it is advisable to make the payment via pay order or account payee cheque or demand draft.