How to close personal loan quickly? Smart ways to save interest without increasing EMI. How To Close Personal Loan Early EMI Jaldi Kaise Khatam Kare
Sanjeev Kumar | February 8, 2026 7:21 PM CST
Part Pre-payment
Many banks and NBFCs offer the facility of part pre-payment after paying certain EMIs (usually 6 or 12). Suppose you deposit even a small amount like Rs 20,000, 25,000 or Rs 50,000 in advance. Since interest always accrues on the remaining principal, prepayment made at the beginning reduces the interest on the entire loan substantially. Depending on the lender's policy, either your loan tenure will be reduced or the upcoming EMI will be reduced. As per current RBI rules, floating rate personal loans (for individual borrowers) generally do not attract foreclosure charges, but fixed rate loans may attract prepayment penalties, so read the fine print of the loan agreement before taking any action.
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