Pre-closure of loans may or may not be the right step. You need to analyse your financial situation before paying off the entire loan amount at once. There are foreclosure charges that one needs to pay. Details as below:1. Where to raise your requestPersonal Loan/Business Loan/Used Car Loan:Following are the way through which you can initiate Foreclosure of your loanLogin to Tata Capital Mobile App or Web portal to raise a request.You can call the Customer Care or write to us on our customer care email IDYou can raise a request at the nearest Tata Capital service branch.To know your nearest branch, clickhere.Loan Against Property:Raise a request at the nearest service branch.Consumer Durable & Two Wheeler Loan:Login to our Tata Capital Mobile app or the web portal and click on the "Foreclosure Option" for details.2. Please note below points:Personal Loan:Foreclosure charges is 4.5% of the principal outstanding at the time of foreclosure + GST.Foreclosure Charges within 12 months of loan disbursed date is 6.5% of principal outstanding at the time of foreclosure + GST.Used Car Loan:Foreclosure Charges within 6 months of loan disbursed date is 7% of principal outstanding at the time of foreclosure + GST.Foreclosure Charges between 6 to 12 months of loan disbursed date is 6% of the principal outstanding at the time of foreclosure + GST.Foreclosure Charges after 12 months of loan disbursed date is 5% of the principal outstanding at the time of foreclosure + GST.Business loan:Foreclosure Charges is 4.5% of principal outstanding at the time of foreclosure + GST.Foreclosure Charges within 9 months of loan disbursed date is 6.5% of principal outstanding at the time of foreclosure + GST.Loan Against Property:Foreclosure Charges is 4% of principal outstanding + GST.Foreclosure Charges within 12months of loan disbursed date will attract additional charges.Lock-in period charges (Prevailing ROI x Principal Outstanding as on date of Foreclosure x Balance Lock-in) + Foreclosure charges (4%) + GST.Our customer care representative at the Branch, Call or Email will assist you for the next steps.There would be charges applicable as per the details shared on your loan agreements. To know the standard charges, click on the below links for details:For Personal loan:https://www.tatacapital.com/personal-loan/interest-rates-and-charges.htmlFor Business loan:https://www.tatacapital.com/business-loan/interest-rates-and-charges.htmlFor Loan against property:https://www.tatacapital.com/loan-against-property/interest-rates-and-charges.htmlFor Auto Loan: https://www.tatacapital.com/vehicle-loan/used-car-loan/interest-rates-and-charges.htmlFor Two Wheeler loan: https://www.tatacapital.com/vehicle-loan/two-wheeler-loan/interest-rates-and-charges.html