Foreclose your Money View loan early and save money on interest! Learn how to foreclose money view loans online in simple steps, with no prepayment penalty.
Why foreclose a Money View loan?
Save money on interest and improve your credit score by foreclosing your Money View loan. Learn more about the benefits and process of foreclosing your loan in our comprehensive article.
Benefits for Foreclose Money View Loan
How to Foreclose Money View Loan Online
To foreclose your loan on the Money View app, follow these steps:
- Open the Moneyview App on your phone, your loan account details will be visible to you in the center of the screen.
- Go to the View Details and Tab on the three-dots menu Option.
- Click on the Foreclose Loan Option.
- Verify your loan amount details and then click on Pay Now.
- Select the Payment Method option and Pay the Rest Amount.
- After you pay the amount, you will see the payment successful alert.
- Congratulations on your Foreclose Moneyview loan steps are complete.
Once you have foreclosed your loan, you will receive a confirmation message from Money View. You will also receive a No Objection Certificate (NOC) from Money View, which is proof that you have cleared all of your loan dues.
Watch Video: How to Foreclose Money View Loan?
Important things to know before going for foreclosing on your Money View loan
- Money View Personal Loan Foreclosure Terms and Conditions
Loan foreclosure is only allowed after a minimum number of EMIs have been paid, as shown below.
| Tenure | Foreclosure |
| Up to 6 months | Not allowed |
| 7 – 18 months | Allowed after 6 EMI Payments |
| Over 18 months | Allowed after 12 EMI Payments |
Note: Foreclosing a loan early may impact your credit score. It is important to weigh the benefits and drawbacks of foreclosing on your loan before deciding.
For any specific reason, you can contact Money View customer care via call or you can raise a request via email below contact details.
Customer Care Number: 080 6939 0476
Email ID: care@moneyview.in
FAQs
Q: Can I foreclose my Money View loan?
A: Yes, you can foreclose your Money View loan at any time after making the mandatory number of EMI payments required for foreclosure. The mandatory number of EMI payments required for foreclosure varies depending on the tenure of your loan:
For personal loans with a tenure of 7-18 months, you must make at least 6 EMI payments before foreclosing your loan.
For personal loans with a tenure of more than 18 months, you must make at least 12 EMI payments before foreclosing your loan.
Q: How do I foreclose my Money View loan?
A: To foreclose your Money View loan, you must follow these steps:
Open the Money View app and tap on the “Foreclose Loan” section.
Review the foreclosure details and click on the “Foreclose Loan” button to confirm.
Pay the foreclosure amount, which includes the outstanding loan balance and any applicable foreclosure charges.
Q: Are there any foreclosure charges for Money View loans?
A: No, there are no foreclosure charges for Money View loans.
Q: How will foreclosing my Money View loan affect my credit score?
A: Foreclosing a loan early may have a small impact on your credit score. However, the impact is usually temporary and your credit score should recover within a few months.
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Conclusion
Foreclosing a Money View loan can be a good way to save money on interest, improve your credit score, and reduce your financial burden.
If you have any other queries related to this field don’t hesitate to ask by comment below we are always ready to help you.