Short answer: Moneyview, Fibe, Rupee112, Loan112, BharatLoan, FlexSalary, Navi, Stashfin and 6 more state nil foreclosure or prepayment charges, though some only after a lock-in. Closing early saves interest, so this matters if you expect a bonus or other money soon.
Last verified: 12 October 2026 from each lender’s official website and, where marked, its Google Play listing. FundsTiger does not rank lenders; tables are sorted by the figure in question, and the right choice is the one with the lowest APR you are actually offered.
| App or lender | What they state | Starting rate | Tenure |
|---|---|---|---|
| Moneyview | Nil, after a lock-in of 6 or 12 EMIs on longer loans | From 14% a year | 3 to 60 months |
| Fibe | Nil | From 18% a year | 6 to 36 months |
| Rupee112 | Nil | Fixed 35% APR a year | 61 to 365 days |
| Loan112 | Nil | Representative 2.9% a month; fixed 35% APR a year | 61 to 365 days |
| BharatLoan | Nil | Fixed 35% a year, depending on profile | 61 to 365 days |
| FlexSalary | Nil | 18% to 42% a year | Up to 36 months |
| Navi | Nil | Up to 29.96% a year | Up to 84 months (finserv page); up to 72 months (blog) |
| Stashfin | Nil | 11.99% to 36% a year after a 0% first 30 days | 3 to 48 months (site); 3 to 42 months (Google Play) |
| Zype | No prepayment penalty | 18% to 34% a year | 6 to 36 months |
| L&T Finance | Nil only in the 3-day cooling-off period | From 10.5% a year | 12 to 72 months |
| Bajaj Finance | Nil on Flexi part-prepayments | 10% to 30.5% a year | 12 to 108 months |
| Poonawalla Fincorp | Nil after 12 EMIs from own funds | From 9.99% a year | 12 to 84 months |
| ICICI Bank | Nil after 24 EMIs | From 9.99% a year | 12 to 84 months |
| IDFC FIRST Bank | Nil (part-prepayment not allowed) | From 9.99% a year | 9 to 60 months |
RBI rules bar foreclosure charges on floating-rate loans to individuals for non-business purposes. Most app loans are fixed-rate, so the lender’s own terms apply.
How much can closing early save?
On a ₹1 lakh loan at 18% for 24 months, total interest is ₹19,818. Closing it after 12 EMIs saves about ₹5,454 of that, before any charge. Try it in our EMI calculator with the part-prepayment box.
Compare them side by side
KreditBee vs Moneyview · Moneyview vs Fibe · KreditBee vs Fibe · PaySense vs Moneyview · Bajaj Finance vs Tata Capital · Tata Capital vs Poonawalla Fincorp · Poonawalla Fincorp vs Bajaj Finance · InCred vs Moneyview · CASHe vs Fibe · Freo (MoneyTap) vs Fibe · Rupee112 vs Loan112 · BharatLoan vs Rupee112 · All comparisons
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Can a lender charge me for closing a loan early?
Yes, on fixed-rate loans, if the agreement says so. Banks and NBFCs cannot charge it on floating-rate loans to individuals for personal use.
Do I get back interest already deducted?
Not always. CASHe, for example, says interest deducted at disbursal is not refunded. Check the KFS.
More guides: Which Loan App for Self-Employed · Which Loan App Without a Salary Slip · Which Loan App for First-Time Borrowers · Which Loan App for Low CIBIL Score · Which Loan App Has No Foreclosure Charges · Which Loan App Has the Lowest Processing Fee · Which Loan App Has the Lowest Interest Rate · Which Loan App Gives the Longest Tenure · Which Loan App for a Short-Term Loan · Which Loan App Gives a Credit Line · Which Loan App for ₹1 lakh · Which Loan App for ₹2 lakh · Which Loan App for ₹5 lakh · Which Loan App for ₹10 lakh · Which Loan App for Age Above 55 · Which Gold Loan App · Which App for Loan Against Mutual Funds · All guides
Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.