Loan foreclosure is the full repayment of your remaining loan amount in one single payment instead of paying multiple EMIs. If you have surplus funds that you would like to use to repay your ongoing personal loan, you can opt for the personal loan foreclosure facility.
Bajaj Finserv charges a nominal fee of 4% (plus taxes) on the personal loan principal outstanding on the day of prepayment as a foreclosure fee.
Login into Bajaj Finserv Customer Portal to pay personal loan foreclosure charges.
Learn more about the interest rates and charges applicable on your personal loan.