If you have taken out a Bajaj personal loan, you have two options for repaying your personal loan: pre-close or foreclose, or pay according to the EMI schedule. Closing a Bajaj Finance personal loan in India involves a structured process to ensure that all outstanding dues are settled and the loan account is officially closed. I have shared the detailed process of how to close Bajaj personal loan below.
How to Close Personal Loan in Bajaj Finserv?
Surbhi has already shared the step-by-step guide on how to close Bajaj Finserv personal loan online. So, I am not repeating the same. Alternatively, you can follow the below method.
Before initiating the closure process, confirm the total outstanding balance, including any interest, penalties, or additional charges.
If you’ve completed all EMIs, simply ensure the final payment clears.
If you wish to repay the loan before the tenure ends, Bajaj Finance allows pre-closure, but it may attract charges (usually 2-4% of the outstanding amount, plus GST).
Request a detailed closure or foreclosure statement from Bajaj Finance.
Pay the outstanding amount via the modes accepted by Bajaj Finance, such as net banking, debit card or NEFT/RTGS.
Once the payment is processed, Bajaj Finance issues an NOC and Loan Closure Certificate as proof of loan closure.
Check your credit report to ensure the loan account reflects as \"closed.\" If there are discrepancies, contact Bajaj Finance to rectify them.
Keep all loan-related documents, including payment receipts, NOC, and the closure certificate, for at least 5 years to resolve any future disputes.
This is all about how to close Bajaj Finance personal loan.
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I closed my Bajaj Personal loan six months before the closure date, hence can help you out with how to close Bajaj personal loan. It is very easy and can be done online in minutes. You just have to visit its official website, pay the pending dues and get NOC from the bank.
How to Close Bajaj Finance Personal Loan?
It is very easy to close the Bajaj Finance personal loan. You will have to:
Visit the official website of
Bajaj Finance Personal loan
Login
Select Foreclosure Your Loan option
Select your Loan Account
Tap on the Foreclosure option
Proceed with the payment of the debt amount and the loan will be closed
This is how to close personal loan in Bajaj Finserv.
How to Clear Bajaj Finance EMI Online?
You can pay the EMIs online through the Bajaj Finance customer portal. Here is how:
Visit the
Bajaj Finance customer portal
Signin next
Enter your mobile number, DoB and submit the OTP you received
Select the loan account with the overdue EMIs
Pay the amount next and clear all the dues
So get done with your debt ASAP following these processes and steps.
Enjoy Quick Disbursal of Your Personal Loan through NoBrokerRead More:
How to Pay Bajaj Finance Personal Loan Online?
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Authors Of The Question
How to Close Bajaj Personal Loan?
Oisha
330 Views
2 Answers
5 months
2024-08-01T08:11:08+00:00 2024-08-01T08:11:09+00:00Comment
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