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In case of failure to return the amount of the loan or the amount of interest for the use of borrowed funds at the agreed time, the creditor is compelled to impose a fine for delay in payment. They are provided in case, for example, if the bank transfer took longer than usual.
However, if you do not receive any response for a long time, you will be penalized for the delay in repayment, an average of 0.10% of the original loan amount, 0.03% of the debt amount on average for consumer loans and credit kart.
If you do not comply with the terms for repayment of loans and loans, the data about you can be transferred to the register of debtors or BCH, which can negatively affect your credit history and credit rating. Debt can be transferred to a collection agency for debt collection. If the delay is allowed, the extension of the loan is impossible. By paying off the debt on time, you form a good credit history, which raises your credit rating and the chances of obtaining a loan in more favorable terms.
The first loan up to 100,000 pesos is given at a rate of 0% in case of timely repayment;
Interest rates on loans from 30 to 360% per annum, on consumer loans and credit cards - from 17 to 31% per annum.
In case of violation of the deadline, the penalty is 0.10% of the delay amount per day, but not more than 10% of the loan amount;
Loan extension is possible by timely informing the lender (before the loan repayment date) and paying interest for the initial loan term. There are no additional commissions for extending the loan.
If he does not return the loan amount or the amount of interest for using the loan at the agreed time, the creditor must impose a fine for delay in payment. Most creditors make concessions and give 3 additional working days for payment. They are provided in the case, for example, if the bank transfer takes longer than usual. However, if you do not receive a response for a long time, you will be penalized for late payments, averaging 0.10% of the original loan amount, 0.03% of the average loan amount for consumer loans and credit cards. If you do not comply with the requirements for repayment of the loan and loans, the data about you can be transferred to the list of the debtor or BCH, which can adversely affect your credit history and credit rating. Debt can be transferred to a collection agency for debt collection. If the delay is allowed, the extension of the loan is impossible.
As for all payment terms, the lender notifies you via SMS or short email. We recommend that you make a payment on the day you receive this reminder. Timely repaying the debt, you form a good credit history, which improves your credit rating and the probability of obtaining a loan on more favorable terms.
A loan of 10 000 pesos is issued for 61 days with the extension of the contract. In 365 days below the contract rate is 1% per day (annual rate, respectively, will be equal to 365%). The total interest for this year is 36 500 rubles. (10,000 * 365% = 36,500), for 1 day 100 pesos (36,500 / 365 = 100), for 61 consecutive days, 6,100 pesos (100 * 61 = 6,100). The total amount of payment is 16,100 rubles. (The main debt in the amount of 10,000 rubles + 6,100 rubles.).
The total cost of borrowing in percent is 365% per annum
A bid is not an offer. The final conditions dictate a direct dialogue with the creditor.