If you have availed of a personal loan from Axis Bank, you have the option to prepay the loan whenever you wish to. You have to pay foreclosure charges for Axis Bank personal loan preclosure. You can close your loan account by paying the balance amount as calculated by the bank. You will have to contact the Axis Bank personal loan customer care to know about and initiate the Axis Bank loan closure process.
Below are the Axis Bank personal loan foreclosure charges as per the tenure when you close the loan:
GST as applicable will be charged extra on the Axis Bank personal loan preclosure charges mentioned above. The Axis personal loan part payment charges are the same as foreclosure charges.
Whether you opt for Axis Bank personal loan foreclosure online or offline, you will need to submit the following documents:
If you are wondering how to foreclose Axis Bank personal loan, here is the complete process. The facility of Axis Bank personal loan prepayment online is not available currently. You will have to follow the offline process as mentioned below:
Fill the form by clicking on Apply Now Button and compare latest Interest Rate of all Banks/NFBCs for Instant and Quick Personal Loan Disbursal.
You can opt for Axis Bank personal loan repayment whenever you wish to by paying the stipulated Axis Bank foreclosure charges.
Axis Bank personal loan pre closing charges range from 2% to 5% of the outstanding loan amount, depending on the tenure within which you pre-close the loan account.
Yes, you can opt for Axis Bank personal loan part payment. The charges for part prepayment are the same as foreclosure charges.
If you are wondering how to close Axis Bank loan account online, the answer is “this facility is not available”. You cannot complete the process of Axis Bank loan foreclosure online. Also, Axis personal loan part payment online is not available. You will have to visit the Axis Bank loan centre to close or part prepay your loan.
Yes, it is financially beneficial to make Axis Bank personal loan payment before the loan matures. You can use the Axis Bank personal loan preclosure calculator available online to know how much you can save on prepayment. If you are satisfied, you can opt for account closure Axis Bank by visiting the nearest loan centre of the bank. The facility of Axis Bank loan closure online is not available. If you are wondering how to close Axis Bank personal loan, you can check the foreclosure process in the above sections.
If you are wondering can we close personal loan before 1 year, the answer is “YES”. You can close your Axis Bank personal loan account anytime you wish to.