Rajesh Kumar Menon
Flat 402, Sunrise Residency, 14th Main, HSR Layout Sector 3, Bengaluru 560102, Karnataka
Mobile: +91 XXXXX XXXXX
Email: rajesh.menon@example.com
Date: 4 April 2026
Place: Bengaluru
To
The Branch Manager / The Loan Servicing Officer
LIC Housing Finance Limited
Retail Asset Operations, 2nd Floor, Prestige Tower, Residency Road, Bengaluru 560025, Karnataka
Copy by email to: loanservice@examplebank.com
Subject: Loan Account No. HHLBLR00456782 — request for a foreclosure statement, for the list of documents you hold, and for your written position on foreclosure charges
Dear Sir / Madam,
- My loan account details are as follows.
Loan account number: HHLBLR00456782
Type of loan: Home Loan
Name of borrower: Rajesh Kumar Menon
Name of co-borrower: Anita Menon
Customer ID / CIF: CIF 004521887
Date of sanction: 1 April 2026
Amount sanctioned: ₹45,00,000 (Rupees Forty Five Lakh only)
Date up to which the quote is required: 2 April 2026
- I intend to close this loan account in full before its scheduled tenure by transferring the outstanding balance to State Bank of India. Please treat this letter as my formal request for a foreclosure statement and for the connected information set out below.
THE FORECLOSURE STATEMENT
- Please issue a foreclosure statement — also called a foreclosure quote, pre-closure statement or loan closure statement — computed as on 2 April 2026, and please show each of the following as a separate line rather than as one consolidated figure.
3.1 The outstanding principal as on 2 April 2026.
3.2 Interest accrued and unpaid up to 2 April 2026, together with the rate applied and the period over which it has been computed.
3.3 The per-day interest that will accrue after 2 April 2026, so that I can work out the exact amount payable on the day the money actually reaches you.
3.4 Every other amount you propose to recover, each shown separately, and for each one: (a) the head under which it is claimed; (b) the amount; (c) the clause of my loan agreement or the entry in the Key Facts Statement or sanction letter under which it is claimed; and (d) the Goods and Services Tax on it, shown separately.
3.5 Any amount lying to my credit that must be set off, including instalments paid in advance, amounts held in suspense, and any refund due to me on insurance or other add-on products that were funded out of this loan.
3.6 The total amount payable, and the date up to which that total holds good — that is, the validity date of the quote.
3.7 The exact mode of payment you will accept and the full beneficiary details, including the account number and IFSC if payment is to be made by NEFT or RTGS.
- If the statement includes any penal charge, please show it as a charge and not as penal interest added to the rate of interest, and please confirm that no further interest has been computed on it. That is what the Reserve Bank of India's circular "Fair Lending Practice - Penal Charges in Loan Accounts" dated 18 August 2023 requires.
- Please also confirm that every charge appearing in the statement was disclosed to me in advance. Under the Reserve Bank of India's circular "Key Facts Statement (KFS) for Loans & Advances" dated 15 April 2024, which applies to retail and micro and small enterprise term loans sanctioned on or after 1 October 2024, charges not mentioned in the Key Facts Statement cannot be levied at any stage during the term of the loan without my explicit consent. If any charge in the statement was not disclosed to me in the Key Facts Statement or in the sanction letter, please identify it and state the basis on which you claim it.