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EMI (Equated Monthly Instalment) is a fixed monthly payment that you make to repay your loan, consisting of both principal and interest components.
Yes, VK Finance allows part-prepayments and foreclosure after 6 months of consistent EMI payment, subject to applicable charges.
A higher CIBIL score (750+) typically qualifies you for lower interest rates, which reduces your monthly EMI and total interest payable.
Missing an EMI may attract late payment charges and can negatively impact your credit score. Please contact us immediately if you foresee any difficulty.
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