The Exit Loan option allows you to cancel your loan within 3 days of loan disbursal.
How does it work?
You must repay the full loan amount (principal).
Applicable interest and statutory charges will be charged.
No additional penalty or foreclosure charges will apply.
Once the payment is completed within the cooling-off period, the loan will be closed and no future EMIs/EDIs will be due.
How can I cancel my loan?
Open the app and go to My Loans.
Tap on Exit Loan.
Pay the outstanding loan amount along with applicable charges.
Your loan will be marked as Closed.
Note: The Exit Loan option is available only for 3 days from the loan disbursal date.