Yes, you can foreclose your InstaMoney loan before the tenure ends.
Steps to Foreclose Your Loan:
1️⃣ Open the InstaMoney application and go to the dashboard.
2️⃣ Click on the "Pay Due" option.
3️⃣ Select the "Closure Amount" to proceed with the loan foreclosure.
4️⃣ Choose your preferred repayment method and complete the payment.
Once the payment is successfully processed, your loan will be closed, and you will receive a No Dues Certificate (NDC) for confirmation.
Note: A nominal foreclosure charge may apply as mentioned in your loan agreement. However, once you foreclose, all future interest is waived, which can help you save money overall.
✅ Good to know: Foreclosing your loan reduces your interest burden and helps you become debt-free sooner.