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Loan Foreclosure Notice

The letter is informing Sunil Laygude about the details needed to fully prepay his loan from Bajaj Finance Limited. It provides the loan account number, original loan amount, disbursal date, principal outstanding, applicable charges, total dues, and the daily increasing amount that must be paid over the next 7 days to fully repay the loan. It also notes the process for making the payment and the timeline for updating credit reports and closing the linked loan account once payment is received.

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Sunil Laygude
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0% found this document useful (0 votes)
113 views3 pages

Loan Foreclosure Notice

The letter is informing Sunil Laygude about the details needed to fully prepay his loan from Bajaj Finance Limited. It provides the loan account number, original loan amount, disbursal date, principal outstanding, applicable charges, total dues, and the daily increasing amount that must be paid over the next 7 days to fully repay the loan. It also notes the process for making the payment and the timeline for updating credit reports and closing the linked loan account once payment is received.

Uploaded by

Sunil Laygude
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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LOAN FORECLOSURE LETTER

abac

CUSTOMER DETAILS
30 Oct 2022

SUNIL LAYGUDE

ROOM NO - 203, SECTOR - 19 C, GANESH KRUPA APARTMENT, NAVI MUMBAI, KOPARKHAIRANE - BEHIND SAI BABA TEMPLE, ,THANE , ,MAHARASHTRA
,400709

Dear SUNIL LAYGUDE,

This is with reference to your request for full prepayment of your PROF PROSPECTTERM LOAN loan with us, please find below the details of your loan account and the
amount payable as on 30 Oct 2022

LOAN DETAILS
Loan Account No 577PPTHL508207

Loan Amount 1,00,000.00

Disbursal Date 14 Oct 2021

Amount ( in Rupees)
Principal Outstanding 77,017.00

Late Payment Charges / Penal Interest 0.00

Bounce charges 0

Annual Maintenance Charges (AMC) 0.00

Interest for the month 2,036.67

Foreclosure (Full Prepayment ) charges @ 4.72 % on


Principal Outstanding/ total withdrawable amount 3,635.20
# (including applicable taxes)

Amount of balance Installment 0.00

Refunds 0.00

Interest on Termination Rs. 72.73 per day 2,036.67

Outstanding Broken Period/Pre-EMI Interest 0.00

Total Dues 82,688.87

Current month Penal interest waived off 0.00

Less: Total amount (instalment) paid by the customer till date 0

Total Outstanding amount 82,688.87

Total Amount Payable for next 07 Days:


Date of Payment Amount

31-10-2022 Rs. 82,761.60

01-11-2022 Rs. 82,834.33

02-11-2022 Rs. 82,907.06

03-11-2022 Rs. 82,979.79

04-11-2022 Rs. 83,052.52

05-11-2022 Rs. 83,125.25

06-11-2022 Rs. 83,197.98

*Payment made after 07-11-2022 is subject to further interest/charges as per contractual terms.
For any queries, visit our website https://www.bajajfinserv.in/reach-us .Select the Email Us tab and
follow the directions to get your query resolved. You may also call BFL Customer Care at
8698010101 or visit our nearest branch. This is not a toll-free number and normal call charges will be
applicable.
Note:

1. Any excess amount will be refunded within 7 working days from the date of loan closure.
2. Credit Rating details will be updated within 45 days with Credit Bureaus
3. In case of a linked loan account number, please ensure that is also foreclosed.
4. Above calculation is based on the assumption that your last month installment has been cleared.
5. The above mentioned amount is valid subject to clearance of all the cheques/installments/online
payments made till date.
6. Please note that your loan will be foreclosed from the date of receipt of payment (in case of Cash).
Cash payment is acceptable only up to an amount of Rs.1.99 lacs. For flexi loans only online payment
is accepted.
7. For DD payments,loan will be foreclosed after payment realization and for cheque payments,loan will
be foreclosed from the date of cheque clearance.
8. We request you to kindly carry this letter at the time of pre-closing the loan and make the payment
through a Demand Draft/Cheque favoring BAJAJ FINANCE LIMITED, Payable at your nearest local
branch or login to our website www.bajajfinserv.in and pay through our Customer Portal Experia.This
may vary basis the loan availed.
9. # For Flexi loans, the total withdrawable amount means the total loan amount that you can withdraw as
per your assigned amount/limit. For all other loans, this is the Principal Outstanding amount.

Regards,
Bajaj Finance Limited

Thank you for choosing Bajaj Finance Limited as your financial partner.

This is a computer-generated automatic emailer. Hence, it does not carry any signatures

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*T&C Apply | For more information, visit our website


BAJAJ FINANCE LIMITED

Registered Address: Old Mumbai-Pune Road, Akurdi, Pune - 411035

Corporate Office: 4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar,

Pune - 411014. Phone:+91 86980 10101. | CIN: L65910MH1987PLC042961

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