HOW TO CLOSE A PERSONAL LOAN ONLINE WITH BAJAJ FINSRV: A Step-by-Step Guide

Are you considering closing a personal loan with Bajaj Finserv? Understand the procedure to seamlessly handle your loan's closure. This comprehensive guide will walk you through the key steps required to close your personal loan online.

What Is the Procedure to Close a Personal Loan Online with Bajaj Finserv?

Closing a personal loan online with Bajaj Finserv typically involves a few key steps, ensuring a smooth and hassle-free experience. Follow the below steps to complete the process efficiently:

1. Log in to Your Account

To begin, you need to access your personal loan account. Here’s how:

Visit the Bajaj Finserv Website or Open Their Mobile App: Log in using your registered email and password or mobile number to proceed.

2. Navigate to Loan Section

Once logged in, you’ll need to locate the relevant loan section. Here are the steps:

Go to Loans Section on Your Dashboard: This is typically found under your personal account details. Select Personal Loan: Look for the Personal Loan option among the list of loans you have.

3. Check Outstanding Amount

Next, verify your loan details:

View Your Loan Details: Use the available options to check your loan details. Check Outstanding Balance: Determine the remaining outstanding balance on your loan. Review Pre-Closure Charges: Understand if there are any pre-closure charges applicable.

4. Request for Loan Closure

Initiate the loan closure process:

Find the Loan Closure/Prepayment Option: This is usually part of the loan management section. Fill in Required Details: Enter the amount you wish to clear and any other necessary details.

5. Make the Payment

Pay off the outstanding amount:

Choose Your Payment Method: Opt for a preferred method such as net banking, debit card, or others. Account for Pre-Closure Fees: Ensure you consider any applicable pre-closure fees before making the payment.

6. Confirmation

Verify that your loan has been closed successfully:

Receive Confirmation: You should receive a confirmation message or email upon successful payment. Save Closure Confirmation Documents: Download or keep these documents for future reference.

7. Get a No Objection Certificate (NOC)

Ensure all your loan closure documentation is in order:

Request a NOC: Once your loan is closed, request a No Objection Certificate (NOC) from Bajaj Finserv. No Objection Certificate (NOC): This document serves as proof that you have settled your loan.

8. Check Your Credit Report

Verify the closure in your credit report:

Monitor Your Credit Report: After a month or so, check your credit report to confirm the loan closure was accurately reflected.

For any issues or questions, it's advisable to reach out to Bajaj Finserv’s customer service for assistance. Ensuring a smooth loan closure process with Bajaj Finserv starts with a well-informed approach to the steps involved.