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Can I close my personal loan early?


Yes, you can pay off your personal loan early with Groww. Here are the details:
  1. No Foreclosure Fee: For personal loans with IDFC FIRST Bank and Fibe, there's no fee for closing your loan early.
  2. Foreclosure Fee Applicable:
    • Groww CreditServ: A foreclosure fee of 4% of the principal outstanding plus GST applies for loans taken on or after 16th June 2025.
    • Credit Saison: A foreclosure fee of 2% applies.
Note:
  • Additional charges may apply if you make foreclosure payments outside the Groww app
  • You can also refer to the Key Fact Statement (KFS) issued at the time of disbursement for details on foreclosure charges
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