The lender will be forced to charge a penalty for late payment if the loan amount or the amount of interest for the use of borrowed funds is not returned within the agreed period. Most lenders will make concessions and give 3 additional business days to pay. They are provided in case, for example, a bank transfer took longer than usual.
However a penalty for late repayment of an average of 0.10% of the initial amount for loans will be charged if you do not receive any reaction from you for a long time.
If you fail to comply with the terms of repayment of loans, data about you may be transferred to the register of debtors or BKI, which may negatively affect your credit history and credit rating.
The debt can be transferred to a collection agency to collect the loan. the loan extension is not possible if the delay is admitted.
The lender will promptly inform you about all upcoming payment terms by SMS or e-mail. We recommend that you make the payment on the day you receive these reminders.
You form a good credit history by repaying debt on time,which increases your credit rating and your chances of getting a loan on more favorable terms in the future.
The offer is not an offer. Specify the final conditions in direct communication with creditors.
The amount of the forfeit is 0.10% of the amount of delay per day, but not more than 10% of the loan amount in case of violation of the terms.
In the event of a long delay in payment, the information will be transferred to the BCI. Renewal of the loan is possible upon timely notification of the lender (before the date of loan repayment) and payment of interest for the primary term of the loan. There are no additional fees for extending the loan.