Cancellation of upgrad loan
4 weeks ago
How should I cancel loan while they were saying already batch started
A.Dear Client,
Canceling a loan after disbursal could impact your CIBIL credit score. It's crucial to do so within the cooling-off period specified in the loan agreement terms. If you haven't used any part of the loan, you can cancel it in writing, potentially incurring higher processing fees. If some of the loan has been disbursed, you can still cancel it by repaying the disbursed amount plus accrued interest and applicable cancellation charges.
Canceling a loan after disbursal could impact your CIBIL credit score. It's crucial to do so within the cooling-off period specified in the loan agreement terms. If you haven't used any part of the loan, you can cancel it in writing, potentially incurring higher processing fees. If some of the loan has been disbursed, you can still cancel it by repaying the disbursed amount plus accrued interest and applicable cancellation charges.
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A.Dear Client,
Your query requires more details to address it suitably. However, in short, it may be informed that any loan cancellation may affect your credit score maintained by CIBIL. If you wish to cancel the loan after disbursal, it must be done within the cooling-off period. This period is specified in the terms and conditions of the loan agreement. If you have not availed of any part of the loan, you can get it cancelled by requesting it in writing. The bank might charge a higher processing fee. If any part of the loan has been already disbursed, you may still cancel it by paying off the amount disbursed along with accrued interest and cancellation charges, if applicable. Better to clarify the matter with the concerned lender
Your query requires more details to address it suitably. However, in short, it may be informed that any loan cancellation may affect your credit score maintained by CIBIL. If you wish to cancel the loan after disbursal, it must be done within the cooling-off period. This period is specified in the terms and conditions of the loan agreement. If you have not availed of any part of the loan, you can get it cancelled by requesting it in writing. The bank might charge a higher processing fee. If any part of the loan has been already disbursed, you may still cancel it by paying off the amount disbursed along with accrued interest and cancellation charges, if applicable. Better to clarify the matter with the concerned lender
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