Delaying in your loan repayment has negative effect in your overall credit history. It affects your Credit score which might cause problems in future loans. There is also a penalty of Rs. 250/- per week if you delay in repayments. 2% penal charges is applicable if delay is beyond a month.
What if I delay in loan repayment? Print
Modified on: Mon, 9 Dec, 2019 at 3:03 PM
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