Part-prepay your term loan
Part-prepay your loan
If you have surplus funds, you can pay back a part of your loan amount ahead of schedule. This means that interest is charged only on the remaining amount due – which in-turn reduces your loan tenure and/or the EMI.
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Repay a part of your loan in advance
You can part-prepay your loan amount in just a few simple steps:
- Sign-in to My Account with your mobile number and date of birth.
- Select the loan account for which you want to make part-prepayment.
- Choose ‘Part-prepayment’ from the list of payment options.
- Enter the amount and review the applicable charges, if any.
- Once you enter all the required details, proceed to part-prepay.
You can click on the ‘Pay a part of your loan’ option below. Sign-in to ‘My Account’, select ‘Part-prepayment’ option, and proceed.
- Sign-in to My Account with your mobile number and date of birth.
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Manage your loan EMIs
Choose from multiple payment options and repay your loan easily. Sign-in to My Account to begin.