Having made pre payment of my tata capital personal loan, I can guide you with the steps I followed on how to foreclose tata capital personal loan. You should know though, there is a penalty that you need to pay for the same. The penalty levied by Tata Capital is 4.5% of the principal outstanding amount. Here is all you need to know about the foreclosure of personal loan with Tata capital.
How To Foreclose Tata Capital Personal Loan Online
I personally didn’t find the online process to foreclose personal loan at Tata capital. However, this is how I proceeded.
1. Contact Customer Service:
I contacted Tata Capital's customer service. I contacted them on a phone call and dropped an email to gain clarity on the required procedures, necessary documentation, and any specific details pertinent to my loan account.
2. Understanding Foreclosure Charges:
I learned that foreclosing a loan typically involves certain charges, and so I reached out to customer service to understand the foreclosure fees.
3. Documentation Required
Next, I inquire about the documentation necessary for the foreclosure process. I learned that I needed to have my loan account number, and statement. Having the right paperwork in order expedites the entire procedure.
4. Making Foreclosure Payment
Once I had a clear understanding of foreclosure charges and the required documentation, I proceeded to make the foreclosure payment. I simply paid the amount via cheque and that’s it.
You can follow the similar process now and understand how to foreclose tata capital personal loan.
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How to Foreclose Tata Capital Personal Loan?
Paromita
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9 months
2023-12-11T11:13:57+00:00 2023-12-11T11:13:58+00:00Comment
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