Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Home Loan by requesting a foreclosure statement from your nearest AXIS Bank Loan Center.
To pre-close your loan, please visit your nearest Axis Bank Loan Centre along with your cheque book and valid Photo ID cum signature proof. Please ensure to follow the below points:
a. Remit the exact amount as per the date of the foreclosure letter as excess payments will not be accepted
b. The cheque/draft must be in favor of 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. In case there are Post Dated / Security Cheques that are not encashed and you wish to have them returned to you, please 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 the same will be cancelled and destroyed.
No pre closure charges are applicable for Home Loans under floating rate of interest