Can I pre-close or foreclose an online personal loan?

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TVS Credit
21 January, 2026

Yes, TVS Credit allows pre-closure or foreclosure of your online personal loan. The foreclosure terms include a cooling period of 15 days from the loan agreement date. Charges are applied as a percentage of the principal outstanding:

16 days to 12 months: 7.08%
13 to 24 months: 4.72%
More than 24 months: 3.54%

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