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 your loan repayment. Below are the delay charges:


In case the Loan amount is ₹ 20,000 to ₹ 100,000 

₹ 750/ week

Monthly penal charges: 2% penal interest rate; on the overdue amount


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

₹ 1000/ week

Monthly penal charges: 2% penal interest rate; on the overdue amount


In case the Loan amount is more than Rs. 3,00,000 and less than Rs. 5,00,000

₹ 1500/ week

Monthly penal charges: 2% penal interest rate; on the overdue amount


In case the Loan amount is more than Rs. 5,00,000 and less than Rs. 10,00,000 - Before 9th June 2021

₹ 1500/ week

Monthly penal charges: 2% penal interest rate; on the overdue amount


In case the Loan amount is more than Rs. 5,00,000 and less than Rs. 10,00,000 - On or after 9th June 2021

₹ 2000/ week
Monthly penal charges: 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