The billing cycle is the length of time between the last statement closing date and the next.
The repayment pattern will be similar to Credit cards. We will provide you a Billing Cycle of 30 days. At the end of the cycle, a statement will be generated. Once your bill is generated you get 3 days time to make the payment.
Eg: If your Billing cycle starts on 1st April, the statement will be generated on 30th April and your EMI date became 3 days after the cycle is generated which is 3rd May
Eg. For the EMI date of 3rd June 2021, the billing start date will be 1st May 2021. The closure date will be 31st May 2021.