Can I foreclose or prepay my Personal Loan?
Yes, you can prepay the entire loan outstanding anytime during the loan tenure after 1 installment, subject to payment of standard pre-closure charges of 5% + GST.
No part prepayment is allowed.
- Request letter signed by the loan applicant
- PAN Card (if the mode of payment is cash and the amount is more than Rs 50,000)
- Payment can be made through cash, cheque or demand draft.