Ideally, no. A loan has been disbursed means the payment has been made to the car company. In your case, the car company must have received the money on your account on August 10th. Therefore, you cannot cancel a loan after disbursal.
Beside above, can I cancel a loan within 14 days?
You’re allowed to cancel within 14 days – this is often called a ‘cooling off’ period. If it’s longer than 14 days since you signed the credit agreement, find out how to pay off a credit agreement early.
Accordingly, can I cancel my loan once approved? You can cancel your personal loan application even after it has been approved by the financial lender. Usually, unless it is an instant personal loan, the customer care unit of the bank will call you prior to the disbursal of the loan. You can cancel your personal loan even at this point.
In this regard, can you change your mind on a car loan?
Most dealerships don’t allow returns or exchanges unless something is wrong with the car. Contrary to what you may have heard, there is no “cooling off” period for vehicle sales. … So, if you purchase a used vehicle and then change your mind about it, you may cancel the contract within two days.
How long do you have to cancel a auto loan?
contract