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 Invest in High-Interest Fixed Deposits

Fixed or time deposits are a common and popular investment option in India. These deposits provide interest higher than a regular savings account and are less risky than other investment options like ...

KNOW MORE

June 29, 2023

Tax Saving FDs For Short-Term Goals: A Strategic Approach

When it comes to achieving short-term financial goals, finding the right investment strategy can often be challenging. However, Tax Saving Fixed Deposits (FDs) offer a convenient avenue for minimising...

KNOW MORE

May 23, 2024

Commercial-Vehicle-Loans-Tips-To-Choose-the-Right-Lender-To-Apply

Commercial Vehicle Loans – Tips To Choose the Right Lender

Introduction Expanding your business often requires the addition of commercial vehicles like trucks, buses, or pickups. However, purchasing a commercial vehicle requires a significant investment. This...

KNOW MORE

June 17, 2024