Bajaj Finance provides two categories of car loans: one for used cars and another for financing new cars. The used car loan option allows you to secure funds for the purchase of a pre-owned vehicle, while the new car finance option provides funds specifically for acquiring a brand-new car. With Bajaj Finance, you have the flexibility to select the loan product that aligns best with your individual needs.
Bajaj Finance also extends a host of DIY (do it yourself) services on its customer portal – My Account for existing car loan customers. From documents download to loan payments, you can explore all these services by visiting our customer portal. Our dedicated section – Document Centre gives you easy access to all your loan-related documents.
If you have any of these car loans and you are looking to download the foreclosure letter, follow these simple steps.
- Click on the ‘Sign-in’ button on this page to go to our customer portal – My Account.
- Enter your registered mobile number and the OTP to sign-in.
- Verify your details by entering your date of birth and proceed.
- Select the loan account from the ‘Document Centre’ section.
- Click on ‘Foreclosure Letter’ to download it.
You can also use our app and download your car loan foreclosure letter on the go. Visit the Play Store or the App Store and download the Bajaj Finserv app now.
What is a foreclosure letter?
A foreclosure letter is a comprehensive document outlining the total amount required to close your loan. It encompasses the outstanding amount due on your chosen foreclosure date, along with applicable fees and charges. Reviewing this letter provides a detailed breakdown of the funds needed for loan closure, aiding in financial planning for the process.
The document includes various sections such as loan account number, amount, disbursal date, fees, and charges and more. Additionally, terms and conditions for loan closure are also outlined, emphasising the importance of careful consideration before initiating the foreclosure.
