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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:
No Foreclosure Fee:
For personal loans with IDFC FIRST Bank and Fibe, there's no fee for closing your loan early.
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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