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Closing a loan

scopper · 2015-09-29 11:53:52

Hello all, I'm wondering if anyone knows whether I can close a loan account in writing by sending a letter to my branch (I cannot get out there anytime soon). Fully paid, etc. Can't get through to them and would like to get this done with.

29-09-2015 11:53am

#1

scopper

Closed Accounts Posts: 870 ✭✭✭

Join Date: April 2010

Posts: 835

Hello all,

I'm wondering if anyone knows whether I can close a loan account in writing by sending a letter to my branch (I cannot get out there anytime soon). Fully paid, etc. Can't get through to them and would like to get this done with.

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Comments

#2 30-09-2015 1:05am

Toots

Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,957 Admin ✭✭✭✭✭

Join Date: October 2007

Posts: 16147

If it's fully paid off, then it should be closed automatically before your next repayment hits (a report is generated on a daily/weekly basis of loan accounts in credit, and they're closed off accordingly). If you want to get it done quicker, then a letter posted in will do. Make sure to include a contact number in case they need to ring you.

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