Delaying in your loan repayment has a negative effect on your overall credit history. It affects your Credit score which might cause problems in future loans. There is also a penalty levied if you delay in your loan repayment. Below are the delay charges:


In case the Loan amount is less than Rs. 100,000



  • If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 750

  • If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 1,500

  • If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 2,250

  • If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 3,000

  • For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount


In case the Loan amount is more than Rs. 1,00,000 but less than Rs. 3,00,000



  • If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 1,000

  • If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 2,000

  • If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 4,000 h. If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 3,000

  • For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount


In case the Loan amount is more than Rs. 3,00,000



  • If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 1,500

  • If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 3,000

  • If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 4,500

  • If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 6,000

  • For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount


All these charges will be divided among lenders and LenDenClub. These charges will be applicable on loans disbursed from April 1, 2017