does foreclosure of personal loan affect cibil score

Yes, foreclosing a personal loan can have a small, temporary effect on your CIBIL score. If you voluntarily pre-close your loan by paying the full outstanding amount after consistently making timely EMI payments, the impact is generally minimal and short-term. Early closure might slightly affect your credit mix by reducing the average age of your credit accounts. However, demonstrating the financial discipline to repay a loan fully is generally viewed positively by lenders in the long run. Ensure you account for any prepayment penalties before proceeding.