The late payment fee is calculated as 3.5% of the total outstanding balance on your statement. This fee is charged monthly until you have fully repaid the overdue amount.
Are there any additional interest charges for late repayment?
No. However, the minimum payment administration fee is charged if you fail to make the minimum required payment/ settled the outstanding balance on your statement. This fee is assessed due to the non-fulfillment of the payment obligation and is in addition to the late payment fee.
