Can I close my loan within the cooling-off period?

Modified on Sun, 6 Apr at 1:12 AM

The cooling-off period is an option provided by the Lending Partner that allows you to exit the loan within 3 days of disbursement by repaying the approved amount along with proportional interest.

How to Exit Your Loan During the Cooling-Off Period:

1️⃣ Open the InstaMoney application.
 2️⃣ Go to the Loan Tab.
 3️⃣ Click on the "Exit Loan" button.
 4️⃣ Complete the repayment process.

Since this option is provided by the Lending Partner, once the repayment is completed, your loan will be closed, and you will receive a No Dues Certificate (NDC) as confirmation.