Do I incur any costs if I cancel a loan during the cooling off period?

No, you do not incur any costs if you cancel a loan during the cooling off period but you may be asked to pay a proportionate APR which also includes interest for the period you had loan amount with you. For updated details, please refer to the loan documents like Key Fact Sheet (KFS), Loan Sanction Letter, Loan Disbursal Letter etc. shared with you by the respective lender.