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Are there any late payment charges on submitting the installments after due date?

April 26, 2017Charges installments late payment

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Are there any late payment charges on submitting the installments after due date?

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Ans: Installment received from the applicant after due date shall only be accepted with a surcharge at 20% per annum for the period of default (calculated on daily basis) up to 15days from the due date.