To help you not to miss the loan repayment date, you will be notified repeatedly by email of this event before that date. If you miss the repayment date, your loan will automatically be extended for 7 days. In this case, you will be charged an additional overdue interest of 0.25% of the loan amount (which is approximately the 13% annual interest rate). You will receive an email notification of the loan extension with all the details.
If you miss a payment at the end of the extended period, your credit will be extended again for 7 days. In this way, the loan can be extended as many times as you wish while your collateral is sufficient to secure the debt. Please note that you pay for each extension of the loan. Your loan debt increases with each extension, and the extension period and the overdue interest, are subject to change at our discretion.