Super Saver EMI

Super Saver EMIs help you reduce your interest burden by letting you prepay multiple EMIs. The more you pay early, the more you save!

The exact savings depend on how many EMIs you pay early. The app will show the ₹ amount you save before you confirm payment.

Yes, based on eligibility and lender’s internal policies, you’ll see multiple options (e.g., 1 EMI, 2 EMIs) and you can choose any option out of the options displayed in the app.

You can use it whenever the option is shown in the app. It may appear periodically based on your loan performance and the lender’s internal policies.

Yes, you will see the payment confirmation on the screen just after a successful payment. On later stage, you can also find it in the Order History under the Loan tab.

You save money on interest, reduce your loan burden faster, and may improve your credit profile all while keeping the flexibility of your existing loan.

Yes, you can foreclose the loan without any restrictions even after using Super Saver EMIs. The amount to be paid for foreclosure will be displayed clearly before proceeding for payment. If you choose to repay the entire outstanding amount in one go then the same shall be governed under the Foreclosure process.

Revised repayment schedule to be by reducing the loan tenure, is clearly shown in app before making prepayment under this feature.

Yes, your total savings are displayed clearly before you proceed.

Based on eligibility and lender’s internal policies, applicable options will be shown clearly in the app and you may choose out of the same.

Yes, but you need to pay pending EMIs first. Applicable options will appear in the app accordingly as per eligibility and lender’s internal policies. 

No. While choosing the Super Saver EMI option or Prepaying one or more EMIs, your loan remains active. You’re simply prepaying some EMIs to reduce your interest. Whereas in Foreclosure you pay the outstanding amount and the entire loan gets closed. 

A Super Saver EMIs is a prepayment feature offered by True Credits Private Limited (True Credits) where you can prepay one or multiple EMIs in one go. This helps in:

- Reducing the overall interest payable.
- Shortening the loan tenure lowering financial pressure by more effectively managing cash flow.
- It gives borrowers more control and flexibility over their repayment, especially when they have surplus funds, but don’t want to close the loan entirely.