It’s important to make your loan repayments on or before the due date specified in your loan agreement. Late repayments may result in additional fees and charges, including:
- Default Interest: A default interest rate of 8.0% per annum will be applied to the total overdue amount from the due date until full repayment is made.
- Debt Collection Fees: If necessary, we may engage a debt collection agency to recover the outstanding payment. Any associated fees will be passed on to you to cover the costs of this process.
If you have a payday loan, you can extend your loan by 30 days. However, this option is not available for monthly installment loans, so it’s important to make your payment by the due date.
Yes, we understand that things happen! That's why we offer a 3-day grace period after your due date, giving you extra time to make your payment without being charged a late fee.