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

All You Need to Know About Joint Fixed Deposits

Joint fixed deposits (FDs) are a popular investment option in India, offering individuals the opportunity to pool their funds and earn stable returns. Whether you’re looking to invest with a fam...

KNOW MORE

February 29, 2024

Udhyog-Aadhaar-Why-Is-It-Useful-For-MSMEs

Udyog Aadhaar: Why Is It Useful For MSMES?

As an entrepreneur, you may be familiar with the challenges of running a Micro, Small, or Medium Enterprise (MSME) in India. From accessing finance to navigating government schemes, managing an MSME r...

KNOW MORE

July 1, 2024

9 Things To Keep In Mind When Applying For A Used Car Loan

Looking to buy a used car? But before you apply for a used car loan online, it’s essential to understand the process and consider various factors to ensure you make an informed decision. From un...

KNOW MORE

April 18, 2024