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 Rs. 20,000 to Rs. 100,000 

Rs. 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 to Rs. 3,00,000

Rs. 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 to Rs. 5,00,000

Rs. 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 to Rs. 10,00,000 - Disbursed before 9th June 2021

Rs. 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 to Rs. 10,00,000 - Disbursed on or after 9th June 2021

Rs. 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