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Are there any charges applied on default?
Are there any charges applied on default?
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Written by Tu Duong
Updated over a week ago

In the event of a loan default, the Total Amount Payable becomes immediately due upon request. This includes both the outstanding principal and the loan fee. It's important to note that SAPI loans do not accrue interest, ensuring you don't fall into a cycle of debt.

While facing financial challenges is a possibility, we're dedicated to working with you to find a resolution that fosters recovery. In some cases, there may be collection fees, assessed individually to ensure fairness.

Our main goal is to provide you with the support needed to effectively manage your loan responsibilities and maintain a positive financial standing. If you have any questions or concerns about your loan experience, don't hesitate to reach out. Your success and well-being are our top priorities, and we're committed to assisting you every step of the way.

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