How do I get a clearance certificate after paying off the loan? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How do I get a clearance certificate after paying off the loan?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

After paying your final installment or reaching a final settlement, request a clearance certificate from your bank confirming that the debt is fully closed and there are no outstanding balances.

Steps

  1. Keep your payment receipts and clearance certificates, and after each data update, review your credit report to ensure the facility is correctly marked as closed.

  2. If an incorrect balance or status persists, initiate a formal objection.

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