Can I foreclose or prepay my Personal Loan?

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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.