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

Car Loan for Farmers: A Complete Guide

Quick Summary: People commonly think of tractors, fertilisers and seeds when talking of farm investments; however, a car can be a game-changer for farmers. Like anyone else in the city, a car is equal...

KNOW MORE

January 30, 2026

What-Is-Debit-Note-In-GST

What Is Debit Note In GST?

Dealing with financial transactions can be complex, especially in the ever-evolving landscape of goods and services tax (GST) regulations. As an Indian business owner, you might have come across the t...

KNOW MORE

September 12, 2024

What is a Fixed Deposit? What are the Different Types of Fixed Deposits?

A fixed deposit is one of the most traditional and popular investment plans in India. Many people invest a sizeable portion of their income in a fixed deposit or FD plan. If you are just starting your...

KNOW MORE

February 5, 2024