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What will happen in case I default my repayment?

We will intimate you before your due date so you can fund your account for the EMI deduction.

Unfortunately, if the EMI deduction fails due to lack of funds, the manual repayment button will be activated on the dashboard, you can click and pay the EMI and charges applied.

In case you still fail to pay the EMI, the following will be debited in the next cycle:

EMI for the both the months, Bounce charges, Penal Interest.

Last Updated: Aug 12, 2022

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