Application

Loan Foreclosure / Closure Application

A formal application to foreclose or close your loan account.

Application for Loan Foreclosure

Date: [DD/MM/YYYY]

To,
The Branch Manager,
[Bank Name],
[Branch Address]

Subject: Request for foreclosure of Loan Account No. [Loan Account Number]

Respected Sir/Madam,

I, [Applicant Name], holding Loan Account No. [Loan Account Number] with your branch, wish to foreclose my loan by paying the outstanding balance in full. Kindly provide me the exact foreclosure amount including any charges as on [Date].

On settlement, I request you to close the loan account, issue a No Objection Certificate (NOC) and release my original property/security documents.

Enclosures: Loan statement copy, KYC, repayment proof.

Thanking you,

Yours faithfully,
[Applicant Name]
Loan A/c: [Loan Account Number]
Mobile: [Phone]

Before you use it — fill in / check

  • Applicant
  • To/Bank/Authority
  • Detail
  • Date

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.