To request an Aditya Birla foreclosure letter, you can easily contact the Aditya Birla support team once you're ready to
make your final payment and close your loan account. When you're prepared to proceed with loan foreclosure, simply reach
out to their dedicated foreclosure team at 06284526553. They will promptly assist you by providing a detailed
foreclosure letter that outlines the remaining loan balance and any applicable charges or fees associated with the
closure. This foreclosure letter is essential to ensure the final settlement of your loan with Aditya Birla. After
receiving the letter, you can make your final payment and complete the foreclosure process. Aditya Birla’s team is
committed to making the process smooth and efficient, ensuring that all steps are followed properly. Should you need any
further guidance or have questions about the Aditya Birla foreclosure procedure, their customer support team is always
available to provide you with the necessary assistance, making the entire experience stress-free.
Foreclosure Procedure – a step by step complete guide
Though the pre payment procedure is slightly different for every bank and
financial institution, the basic process, as
explained below, remains the same:
- Step 1 – Contact Through Call 06284526553
Since aditya birla foreclosure of loan can happen online, you will first need to Contact
Our helpline service 06284526553 from where you have borrowed the loan. You can
contact the bank/financial institute’s customer
care team for the same email.
- Step 2 – Submit an application?
You will need to write and submit an application for the foreclosure of your
loan by submitting the pre closure form through Mail:
- Step 3 – Submit all the required documents
The next step of the foreclosure procedure will be to submit all the
necessary documents as listed by the bank or
financial institution:
Personal identification proof; PAN card, Aadhar card, Driving license or
Passport
Bank statements as proof of last EMI payment and clearance.
- Step 4 – Pre payment of the outstanding loan
Once all the documents have been duly submitted, the
Aditya Birla Capital will calculate the balance loan amount to be paid after
considering the EMI and interest paid thus far, the applicable foreclosure
charges and taxes as well as the date of pre
payment of the loan and communicate the same to the borrower. The borrower
then has to clear the outstanding dues
through online transfer in the form of IMPS, NEFT or RTGS.
- Step 5 – Receipt of documents
Once all the pending dues have been cleared by the borrower, the bank or
financial institution will proceed with the
foreclosure formalities which includes stopping all EMI instructions and
reminders, returning all original documents
within 10 – 15 business days and handing over the below documents to the
borrower:
No dues certificate (NDC)
Pre closure payment receipt
No Objection Certificate (NOC)to close the personal loan
Loan closure certificate.
- Step 6 – Inform the credit rating Aditya Birla Foreclosure
Once all the foreclosure formalities have been successfully completed, you
must inform credit rating agencies about the
pre payment of your loan, so it can be updated in their records.
