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Foreclosure 16-17-18

This letter provides details of a loan foreclosure for Jinabade Nisarahmed, including the original loan amount, principal outstanding, fees charged, and the total amount due to fully pay off the loan within the next 7 days. The borrower is instructed to make a payment by demand draft, cheque, or online to fully settle the loan and provided information on the loan closure process and updating of credit reports.

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Mizzba Nisar
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0% found this document useful (0 votes)
88 views3 pages

Foreclosure 16-17-18

This letter provides details of a loan foreclosure for Jinabade Nisarahmed, including the original loan amount, principal outstanding, fees charged, and the total amount due to fully pay off the loan within the next 7 days. The borrower is instructed to make a payment by demand draft, cheque, or online to fully settle the loan and provided information on the loan closure process and updating of credit reports.

Uploaded by

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

abac

CUSTOMER DETAILS
12 Oct 2023

Jinabade Nisarahmed

1485 Jahwar Ganj 2 Survey No.42 Kondhwa khurd Survey No.42 Kondhwa khurd ,PUNE , ,MAHARASHTRA ,411048

Dear Jinabade Nisarahmed,

This is with reference to your request for full prepayment of your CDD DEVICE MGMT loan with us, please find below the details of your loan account and the amount
payable as on 12 Oct 2023

LOAN DETAILS
Loan Account No 402CDMJQ700542

Loan Amount 11,499.00

Disbursal Date 21 May 2023

Amount ( in Rupees)
Principal Outstanding 5,747.00

Late Payment Charges / Penal Interest 17.00

Bounce charges 1000

Annual Maintenance Charges (AMC) 0.00

Interest for the month 0.00

Foreclosure (Full Prepayment ) charges @ 0 % on


Principal Outstanding/ total withdrawable amount 0.00
# (including applicable taxes)

Amount of balance Installment 1,438.00

Refunds 0.00

Interest on Termination Rs. 0 per day 0.00

Outstanding Broken Period/Pre-EMI Interest 0.00

Total Dues 5,326.00

Current month Penal interest waived off 0.00

Less: Total amount (instalment) paid by the customer till date 2876

Total Outstanding amount 5,326.00

Total Amount Payable for next 07 Days:


Date of Payment Amount

13-10-2023 Rs. 5,327.68

14-10-2023 Rs. 5,329.36

15-10-2023 Rs. 5,331.03

16-10-2023 Rs. 5,332.71

17-10-2023 Rs. 5,334.39

18-10-2023 Rs. 5,336.07

19-10-2023 Rs. 5,337.74

*Payment made after 20-10-2023 is subject to further interest/charges as per contractual terms.
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

*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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To avail these services, click on the below links.

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