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

How To Boost Your Wealth Through Fixed Deposit Laddering

Are you looking for a secure and reliable option to boost your wealth? Fixed Deposits (FDs) are a popular choice among investors seeking steady returns and easy access to funds. However, to make the m...

KNOW MORE

May 23, 2024

Difference Between Merchant Cash Advance And Business Loan

If you’re a small or medium-sized business owner in India, chances are you’ll need financing at some point to expand your operations or explore new opportunities. As funding options, there...

KNOW MORE

May 13, 2024

What-Is-Secured-Vs-Unsecured-Car-Loan

What Is Secured Vs Unsecured Car Loan

Introduction When exploring car financing options, one fundamental decision to make is whether to opt for a secured or unsecured car loan. Understanding the differences between these secure vs unsecur...

KNOW MORE

June 17, 2024