What happens if I am late on my repayment?

Modified on Fri, 24 Nov, 2023 at 11:26 AM

  1. 2 days after your payment is overdue, a fixed Late Payment Fee of RM20.00 will be charged to your account for each defaulted installment.

  2. 5 days after your payment is overdue, your account will be suspended and necessary debt recovery action will be taken against you, which may include reporting your late payment to the credit bureau. This may negatively impact your chances of securing loans or loans at a competitive rate as the reported late payment behaviour will be included in your credit report.


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