Ever since we borrow, all the charges i.e., interest and processing fees start on the personal loan and we must be ready with the repayment strategy. Therefore, after the loan approval with a certain tenure and interest, you choose the steps to close the loan. So, if you borrow from the IDFC first bank and want to close the loan, then you must consider different steps and strategies so that you can repay the loan easily. There are different options for closing the loan and it also depends on your choice i.e., which repayment option or tenure you have chosen. So, after all, let’s get acquainted with the solution of how to close IDFC personal loan for the pre-loan closure.
Reasons to close the loan
You can choose the loan closer to the IDFC personal loan for any reason where you might have requirements for the top-up loan or you intend to close it to save interest or finally it can be done because you might have the arrangement of higher amount from another source like savings and investments. So, it becomes easy to close the loan and your credit score gets enhanced. After the loan closure, you can also get the approval for another loan. So, there are different steps that you can follow. These are through Internet banking or mobile banking apps, and finally, it can also be done in offline mode like after visiting the banks.
Loan Closure Process through IDFC Bank’s website
- Go to the IDFC bank’s website for loan closure
- Select the Login option to proceed further
- With the loan account number do the login
- Click on the Pay Now options and enter the options
- Select payment mode whichever is convenient for you
- Check the remaining amount, make the payment, and close the loan.
Loan closure through IDFC Mobile Banking
You can log in through the mobile banking app, especially if you have an account in the IDFC banks after that follow the steps for the IDFC personal loan closure.
- Go to the Mobile Banking App and login through the PIN
- Click on the loan options
- Check the outstanding amount
- Select the payment options
- Pay the loan amount and close the loan. For additional information, call the toll-free number: 1800 10 888 and discuss your concerns.
Visit the branch directly
It might be possible that you can face difficulties in the loan closure and in that case, visit the nearest branch or in which branch you have your savings accounts. So, after revealing your issues it will be solved.
Conclusion
Applying for a personal loan from IDFC is easy from IDFC is easy, especially for those having credit scores and higher incomes. The personal loan amount will be approved on the salary and through the EMI calculator you can check the EMIs and tenure for the personal loan and it will help you get the loan at your convenience. So get the loan easily and use the amount for multiple needs. For better information, you can also call customer care to know how to close IDFC personal loan, and you can choose them for household needs as well.
