My loan closure transaction is successful, but why has not my loan been closed?

My loan closure transaction is successful, but why has not my loan been closed?

Your StuCred loan closure charge is not yet credited to our bank, because our bank is yet to confirm the deposit status.
  • Sometimes, due to technical issues at the bank, money transfer gets delayed. In these cases, Banks take upto 3 working days to confirm transaction status.
  • If the transaction is successful, the amount will be credited to StuCred within 2 working days and your loan will be subsequently closed.