Hassle-Free
Loan Foreclosure
Close your loan early, save on interest, and download your NOC instantly online.
Select Loan Type to Foreclose
Personal Loan Foreclosure
Foreclose your personal loan easily after a minimum of 6 EMIs. Check applicable pre-closure charges online.
Home Loan Foreclosure
Zero foreclosure charges for floating rate home loans. Close your housing loan and get your property papers.
Vehicle Loan Foreclosure
Clear your two-wheeler or car loan dues early. Obtain Form 35 and NOC to remove hypothecation.
Instant Foreclosure
Statement
Enter your registered mobile number or Loan Account Number to get your foreclosure statement instantly via email/SMS.
*OTP will be sent to your registered mobile number.
Tools to help you decide
Calculate how much you can save by foreclosing your loan early.
*Foreclosure charges (approx 4-5%) may apply based on loan terms.
₹ 65,400*
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Our Services
Manage your loan accounts, request statements, and initiate foreclosure seamlessly. For immediate assistance, call 7361990630.
Service Requests
Raise requests related to foreclosure, address change, and more securely.
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Calculate exact pre-closure charges and penalties before initiating the process.
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Complete Guide to Tata Capital Loan Foreclosure
Foreclosing your Tata Capital loan can significantly help you save on future interest payments. Whether you hold a Tata Capital personal loan, home loan, or vehicle loan, understanding the pre-closure process is crucial. Follow this comprehensive guide to smoothly transition out of your debt.
What is Loan Foreclosure?
Loan foreclosure, or pre-closure, means paying off your outstanding loan principal amount in full before the end of your actual loan tenure. By opting for a Tata Capital loan pre-closure, borrowers can free themselves from monthly EMIs and reduce the overall interest burden.
Tata Capital Personal Loan Foreclosure Charges
Before proceeding, it is important to be aware of the Tata Capital personal loan foreclosure charges. Typically, a nominal percentage of the principal outstanding is charged as a pre-closure fee. This varies based on your specific loan agreement. Home loans with floating interest rates usually attract zero foreclosure charges as per RBI guidelines, making Tata Capital home loan foreclosure a highly beneficial option.
Step-by-Step Tata Capital Loan Foreclosure Online Process
- Step 1: Review your statement: Check your outstanding principal and calculate potential savings using our online calculator.
- Step 2: Check lock-in periods: Most personal loans have a mandatory lock-in period (e.g., 6 months). Ensure you have crossed this duration.
- Step 3: Request a foreclosure letter: You can request this online or by calling our customer support at 7361990630. This letter details the exact amount to be paid.
- Step 4: Make the payment: Pay the required amount through online banking, RTGS/NEFT, or via demand draft.
- Step 5: Obtain NOC: Once the payment is settled, Tata Capital will issue a No Objection Certificate (NOC) confirming the closure of the loan.
Frequently Asked Questions
How can I foreclose my Tata Capital loan?
You can foreclose your loan by requesting a pre-closure statement, making the full outstanding payment along with applicable foreclosure charges, and securing your NOC. For immediate assistance, dial our support team at 7361990630.
Is there any penalty for pre-closing a Tata Capital personal loan?
Yes, personal loans generally attract a pre-closure charge ranging from 4% to 5% of the principal outstanding, plus applicable taxes. Please refer to your loan agreement or call 7361990630 for your exact charges.
How do I get my NOC after loan closure?
Once the final payment is cleared and updated in our system, the No Objection Certificate (NOC) will be sent to your registered email address and dispatched to your physical address within a few working days.
Financial Insights
How to Calculate Savings on Loan Foreclosure?
What is an NOC and Why is it Important After Closure?
