Yes, you can pay a CASHe Instant personal loan before the due date, but you can avail of prepayment only if you pay completely.  A personal loan preclosure is a scenario where the borrower pays back the loan before the end of the personal loan agreement. Partial payment is called part payment, whereas closing the loan completely is called foreclosure. CASHe does not allow the facility of part payment. 

What Are The Steps For CASHe Personal Loan Preclosure?

Step 1: Carry all the required documents, such as the last EMI payment, loan account number, last EMI payment, and identity proof to the nearest CASHe branch. 

Step 2: Pay the loan amount due and the CASHe foreclosure charges. 

Step 3:  Post document verification and pay the loan amount, the bank will verify that you have paid and will provide the acknowledgment. The acknowledgment will state that you have paid the loan amount and there are no further outstanding dues left. 

What Is The CASHe Personal Loan PreClosure Fee?

The CASHe personal loan preclosure fee or foreclosure charges is the penalty charged when the loan is prepaid before the end of the loan duration.

What Are The Documents Required For CASHe Personal  Loan Preclosure?

The documents required are:

  • Identity and address proofs such as Aadhaar card, voter ID, and passport
  • Cheque or demand draft 
  • Loan statements

Also Read: How To Get A Loan Within Minutes in CASHe?