To pre-close your loan, please visit your nearest Axis Bank Loan Centre along with your cheque book and valid Photo ID. Please ensure to follow the below points:
a. Remit the exact amount as per the date of the foreclosure letter. Excess payments will not be accepted
b. Your balance cheque/draft must favor AXIS BANK LTD; Loan Account No. XXXXXXXXXX; Outstation cheques will not be accepted.
c. Full and final settlement of the loan will be subject to realization of the cheque/draft and payment of all charges that have accrued on the date of the pre-payment
d. If EMI gets paid upon presentation, the excess amount will be refunded through a pay order or direct credit (through NEFT) to your repayment account within 15 days of realisation of your excess EMI payment.
e. For return of Post Dated / Security Cheques that are not encashed, place a request at the loan centre within 45 days from the date of loan closure. If there are no requests received within the stipulated time frame these will be cancelled and destroyed.