Personal Loan

​Delays in loan repayments may lead to undesirable consequences, depending on the severity, duration, and frequency of the delay, including, but not limited to:

• Late Interest: Late payment interest may be charged to your account.
• Credit Record Impact: Your credit record, which is visible to all banks through the Credit Bureau (KKB), may be negatively affected.
• Acceleration of Debt: If the delay exceeds the statutory period of 90 days (or 180 days during the pandemic period), your repayment plan may be cancelled, and you may be required to repay the entire outstanding debt, not only the overdue amount.
• Default Interest and Legal Follow-up: If the debt is not settled in full or under an agreed repayment protocol, default interest may continue to accrue, and your file may be transferred to legal follow-up.
• Additional Costs: Fees and attorney costs arising from legal follow-up procedures may also be charged to you.
• Long-term Record: Even if the full debt is repaid and closed, the legal follow-up record may continue to be monitored at the Credit Bureau (KKB) for five years from the date the debt is settled.
• Future Credit Access: As a result, any future credit applications submitted to banks are highly likely to receive a negative response.
• Restricted Access to Credit: Ultimately, your access to credit channels may be significantly restricted for a considerable period of time.

For this reason, it is of great importance to avoid delays in loan repayments.