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.