FA

Financial Awareness

Contact discovery for dispute resolution

Problem detail

Loan Closed But Still Active

The customer has repaid a loan fully, but the account still appears as active, overdue, or open in their credit report or lender ledger.

Loan Closure

Required documents

  • • Final loan settlement statement
  • • Receipt of last EMI / full payment
  • • NOC or closure certificate
  • • Bank statement showing the final payment
  • • Loan account closure communication

Contact order

  1. • Customer Support
  2. • Grievance Officer
  3. • Nodal Officer
  4. • Credit Bureau / Regulator

Timeline

  • • Initial review: 3–5 business days
  • • Status update in lender systems: 7–14 business days
  • • Bureau update after lender confirmation: 15–30 days

Escalation path

  • • Request a closure letter if the lender has not issued one
  • • Escalate to the Grievance Officer after one week with the documents
  • • Approach the Nodal Officer if the lender does not close the account in 10–15 days
  • • File with the Ombudsman or consumer court if the account remains wrongly active after 30 days