Does prepayment affect CIBIL for Personal Loan?

Accepted Answer ✓ Accepted

Prepayment itself does not negatively affect CIBIL score. In fact, reducing outstanding debt can improve credit profile. However, the positive impact mainly comes from consistent on-time EMI payments rather than prepayment alone.
5 upvotes

Suggested Answers

No negative impact. It can even help your credit profile.
0 upvotes by Sunita Narayan

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