login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

What is the procedure in case I wish to foreclose my account?

mahindra-finance-author

by Mahindra Finance

|

June 21, 2023

|

1 mins read

To foreclose your loan, you must visit your nearby branch to put in a request. Upon your specific request, we will present the settlement amount (while will include a foreclosure fee) and once you’ve paid the same, the necessary termination papers will be issued.

Related articles

Tips To Choose SME Loan Tenure

Looking to expand your small or medium-sized enterprise (SME) and how to apply SME loan? One of the key aspects you need to consider is choosing the right tenure for your SME loan. Determining the sui...

KNOW MORE

April 10, 2024

Understanding-Home-Loan-Processing-Fees

Understanding Home Loan Processing Fees

Owning a home is a dream for many, but the financial aspects can be overwhelming. One crucial aspect to understand is home loan processing fees. These charges cover administrative costs related to eva...

KNOW MORE

August 14, 2024

HSN-code-Meaning-Features-and-How-They-Benefit-You

HSN Code: Meaning, Features And How They Benefit You

Introduction HSN codes play a crucial role in classifying goods under the Goods and Services Tax (GST) regime in India. These codes act as a universal language for categorising products, enabling clea...

KNOW MORE

July 1, 2024