i am interested in closing my car loan?

Question

taken from city 18 months back and now some 1.7 lacs remaining .. its was a 5 year loan.. how do i go ahead?

Answer 1

It is very simple. call the bank . tell them u want to pay off the enitre balance of the loan. They will let u know the amount payable to them . pay them and thats it. Once u pay them off pls take a proof in writing and an NOC from them saying that they have no objection to removal of hypothectaed clause from the registration from . take the NOC to RTO office and get a new registration certificate. It is all applicable if u r in India