How do I close my Personal loan account?
To close your Personal loan account, please follow the steps below:
Get your payout figure
The correct payout figure can be obtained within a store or over the phone. This payout figure includes the remaining amount of the loan, any interest accrual since the last due date and the Early Payout fee or insurance* rebate if applicable.
Pay the remainder of your loan
To close your personal loan account, the correct payout amount must be paid into the account.
For Secured Car Loans
If you are paying out a Secured Car Loan, once the correct amount has been paid into the account and the account has closed the charge over the vehicle will be released.
*If you have opted in for Consumer Credit Insurance at the time of obtaining your personal loan and you choose to pay out your personal loan early, you may be eligible for an insurance rebate. This is only applicable for insurance premiums which have been capitalised onto the amount borrowed.