Short term borrowing is now a very significant factor in the modern dynamic financial environment where emergency costs and cash shortage emerge on a regular basis. Digital lending platforms have disrupted the process of quick money delivery and 7 days loan app list pioneered this process among Indians. This new type of financial products is creating an easy way to provide an emergency solution to a financial crisis, which is why the list of 7 days loan apps is an essential tool of a contemporary borrower.
Online lending has made it easy to do your lending, and the practice has come without the usual paperwork and long approval delays, as well as instant delivery of funds using smart phone applications.
What is a 7-Day Loan?
A 7 days loan app list is a short-term lending product where an initial liquidity is to be provided short-term in case of temporary needs, and in length lasts as short as one to seven days. These super short term loans serve the purposes of emergency temporary financing where money is in demand and borrowers do not have enough time to wait and do a lot of paperwork to receive money. Below, one can find the list of the 7 days loan apps that specialize in the provision of such quick financial services.
In comparison to the standard procedure of a conventional bank loan, which can take several weeks to process, 7-day loans are decided instantly and can be paid out on the same day, which is what makes them perfect in case of an emergency like medical expenses, paying a bill, or a cash crunch.
What Are 7-Day Loan Apps?
7 days loan app list are mobile-specific solutions that enable the borrowing of the ultra-small short-term loans using the latest technology and extensively simplified procedures. These digital solutions analyse borrower creditworthiness in a few minutes through artificial intelligence, machine learning and other credit scoring options. The inclusive list of the 7 days loan app includes other fintech companies that have come up with user-friendly interfaces to facilitate easy applications of loans.
Such applications are normally limited in terms of documentation, instant decision making and direct deposits of the funds are sent to the bank accounts of borrowers. The technology based strategy has allowed these websites to provide services to customers who have lesser credit history but at the same time retain faster performance and lower interest rates.
Why 7-Day Loans Are Gaining Popularity in India
The swift uptake of the 7 days loan app list use in India is an indication of the shifting trend among consumers in favor of speedy monetary services and online ease.
- Accessibility: The internet connections and the use of modern smartphones by the people have made the financial services reachable to millions of Indians who used the traditional banking system to borrow money.
- Speed: Immediate approval procedures and single-day provision of funds deal with the immediate financial needs that can not wait to be addressed by standard lending procedures that relate to several days or weeks.
- Convenience: Online lenders will not have to visit the physical branch and will not need to fill up paperwork as well as other types of documentation is not required so the borrower can avail of money anywhere at all times.
- Flexibility: These loans have short periods of repayment, thus a person can still meet his budget without having to be tied up in long-term repayment. It is also appropriate in those instances or times where there is a cash flow shortage or an emergency need.
- Innovation: New credit analysis algorithms use the additional sources of data on top of the traditional credit scores to make financial inclusion possible to underserved communities with low credit history.
Pros & Cons of 7-Day Loan Apps
Pros
Access to Cash in emergencies: You may be in serious trouble and you need money in case of emergencies where bank finances cannot get to you fast. Most of the apps have the ability to approve and transfer funds to minutes or hours, which makes these apps suitable in any emergency expenditure that can be medical expenses, car repairs or other bills that cannot wait to be processed through conventional loans.
Minimal paperwork: Most apps to get 7-day loans have simplified the application process unlike most traditional banks that need detailed documentation, credit checks and verification of income. To get an approval, you usually do not require a lot of information other than the basic information such as your phone number, bank account details, and your employment details.
No Credit Score Requirement: Perhaps half of the top-rated short-term loan apps do not require strict credit scores, sometimes do not even check credit at all. They are thus available to individuals with bad credit or those that are new to credit giving them an avenue of funding where they would otherwise have been denied by a normal lender.
Convenient mobile-first: With these apps, you may use, borrow, and repay on your smartphone and get a convenient mobile-first experience. Because of friendly interfaces, it becomes easy to track due dates, payment due, and status of the loan without going to physical premises and spending hours on the phone.
Repayment Flexibility: With most 7-day loan apps, there are options when it comes to repayment; such as automatic withdrawal of your bank account, or paying manually, or even paying an extra fee to extend the term of the loan. There are also apps that fund your loan at any time without chargers, so you come up with your repayment plan.
Cons
Insanely high rates of interest and fees: 7-day loan apps have an annual percentage rate (APR) range of 200% to well over 1000%. Although the strength of the loan term is short, the charges may be large with respect to the amount borrowed hence such loans are among the most expensive credit facility.
Debt Cycle Trap: Short repayment periods and high fees may put some borrowers into a process of staying in debt since they would not be able to pay the full amount and instead renew or roll over their loans many times. This may result in paying much more than the initial sum of the loan and years of financial hardship.
Small Loan Amounts: Most 7-day loan apps facilitated relatively small quantities of the loan, with the average being positioned between 100 to1000 dollars. Although this could take care of small emergencies, it may not be enough to face the bigger unplanned expenditures and you are required to either take numerous loans or to pursue other options.
Aggressive Collection Practices: With outstanding payments, some loan apps use aggressive collection strategies such as the frequency of calls, text messages, and emails. There are also chances that some might calling your employer, family members, your friends who had listed the references thereby embarrassing and stressing you.
Potential of Overdraft Fees: Most apps automatically withdraw payments on the day you make them and so, it is important that there are adequate funds in yours bank account when that payment is due. It would be worse should you run out of funds because your bank can accrue an overdraft fee on top of the late payment fee charged by the loan app. This may add on to your financial woes and lead to more unforeseen costs.
Eligibility Criteria for 7-Day Loans
With the knowledge of eligibility requirements, prospective borrowers can know whether they fit the qualification criteria and can organize themselves before they log in to several websites to apply.
- The age requirements: It is most common that most platforms require their borrowers to have an age range of 21-55 years old, with legal capacity to enter into financial agreement and will be able to tap enough earning potential to repay.
- Income Verification: The lowest monthly income level is set between 10,000 rupees and 20,000 rupees that shows that the borrower is capable to coping with a loan sum with a specific amount of money within certain timelines without reducing the essential cost of living.
- Employment Status: Steady employment or steady sources of income is a key requirement, and anyone with both salaried and self-employed individuals with provable income is accepted by the platforms.
- Credit score: An aspect of credit assessment is that though most sites deal with low credit history borrowers, an element of credit worthiness testing is done using other credit scores and financial conduct quantifiers.
- Documentation: The minimum documents are the identity proof, address verification, bank statements, and salary slips, but depending on the amount lent and the lending channels, different channels require different documentations.
Top 10 Best 7-Day Loan Apps in India (2025)
1. SmartCoin App(Now Olyv)
By harnessing state-of-the-art artificial intelligence platforms that process thousands of complex data points, SmartCoin does away with credit assessment founded on score-driven parameters. By examining more than ten thousand data points during its scoring, the technology converts credit access into an inclusive service for individuals with limited credit histories. Operation of the app in multiple languages broadens financial inclusion for India’s diverse population, while still enabling a swift turnaround time.
Leveraging cutting-edge technology, SmartCoin can extend its service to individuals in the underbanked category. Hence, SmartCoin occupies a top spot on our 7 Days Loan App List owing to its user-friendly interface and the swiftness of its processing. Powered by AI, the platform conducts impartial credit evaluations and furnishes borrowers, who diligently honor their commitments, with competitive interest rates.
Pros:
- AI-powered framework oversees authentic credit grading.
- Platform allows its users to obtain only the minimum loan amount.
- Multi-language support catering to a broad variety of users.
- Its processes finalized in just a single day.
Cons:
- The maximum loan cap is capped at ₹1,50,000.
- The app is accessible exclusively to Android users.
- Monthly interest charges could turn out to be significant.
Loan Amount Range: ₹1,000 to ₹5 Lakh
Interest Rates: 18% to 30% per annum
Eligibility Requirements: Age 21-50, Monthly income ₹20,000+
Processing Time: Within 24 hours
Official Download Link: https://play.google.com/store/apps/details?id=in.rebase.app&gl=IN
Also Read: Work From Home Jobs for Women
2. Bajaj Finserv App
The only financial services platform that offers on-the-spot personal loan is the Bajaj Finserv that has access to the immense digital network and market base. The new fintech prospect would ensure that the borrowers with big loans are assisted by providing the same security that a bank provides in addition to ease of repayment. Its electronic profile is 100 percent and thus no physical documentation is required though the process is very secured.
Favourable interest rates and quick processing of the site would entail that the site could be utilized by the other financial needs like during emergencies or even education needs and lastly shopping needs. The reputation acquired by Bajaj Finserv in the years of it operation in India financial market adds more value to the borrower as he/she will now have a safe lending practice.
Pros:
- Fast decision making process with immediate decisions
- Flexible loan repayment EMI schemes
- Internet-based online process
- Loans of high value up to 80 lakhs
Cons:
- Strict requirement towards eligibility criteria
- Interest rates as high as 31 % per year
- There might be high processing costs
Loan Amount Range: Up to ₹80 lakhs
Interest Rates: Up to 31% per annum
Eligibility Requirements: Age 21-80
Processing Time: Instant to 24 hours
Official Download Link: https://play.google.com/store/apps/details?id=org.altruist.BajajExperia&gl=IN
3. NoBroker Instacash App
Riding on real-estate insights gleaned from the parent company, NoBroker Instacash offers instant loan solutions, charged at competitive interest rates and with immediate disbursements that arrive in no time. The platform streamlines application processes and merely demands a paucity of information, with funds arriving within mere minutes once approval is secured. With NoBroker’s footprint in the market, together with its fortified technology architecture, the firm effortlessly supplies dependable services across both urban and semi-urban regions.
By keeping lending straightforward, the platform keeps its interface moderately user-friendly, while its security is nonetheless anchored exclusively around safeguarding its customers’ data. Thanks to its rapid processing and a borrower-oriented digital lending model, the platform stands out as one of the frontrunners among the 7 Days Loan App List.
Pros:
- The disbursement process is spoilt by lighting-fast efficiency.
- A graceful interest rate tier commencing from 12.99%
- The credit cap is capped at ₹10 lakhs.
- An easy-to-use application process
Cons:
- Its maximum permitted loan disbursement cap stands at ₹10 lakhs.
- A fee ranging from 2% to 8% on the full amount
- Limited availability in selected geographic areas
Loan Amount Range: Up to ₹10 lakhs
Interest Rates: 12.99% onwards
Eligibility Requirements: Minimum 23 years old
Processing Time: Instant disbursement
Official Download Link: Available on Google Play Store and Apple App Store
4. MoneyView App
MoneyView is a fully integrated digital lending ecosystem, which brings together state-of-the-art technology, and user-friendly principles and processes to generate outstanding borrowing experiences. The AI-enabled credit evaluation system on the platform allows participants to make approval decisions within a short period and at the same time has high security levels befitting user data protection. Supported by large investors, MoneyView also provides a high level of interest rates and a variety of repayment terms to suit the financial needs of different populace.
User-friendly interface, and less required documentation allow using the application by all tech-savvy borrowers who need to make quick financial transactions. Customer delight and open lending operations make MoneyView a reliable platform within the Indian digital lending startups and a strong contender in the 7 Days Loan App List.
Pros:
- Quick approval process within 24 hours
- Minimal documentation requirements
- Flexible repayment options available
- AI-powered credit assessment system
Cons:
- Higher interest rates for first-time borrowers
- Good credit score required for better rates
- Limited loan amounts for new users
Loan Amount Range: ₹5,000 – ₹5,00,000
Interest Rates: 1.33% – 2.5% per month
Eligibility Requirements: Age 21-55, Monthly income ₹15,000+
Processing Time: Within 24 hours
Official Download Link: https://play.google.com/store/apps/details?id=com.whizdm.moneyview.loans&gl=IN
5. KreditBee App
KreditBee involves itself with the characteristics of innovation in the sphere of micro-lending due to serving salaried and self-employed citizens of diverse economic backgrounds in India. The proprietary risk analysis model used by the platform analyzes various sources of data that go beyond ordinary credit ratings and allows a wider range of financial inclusion. The short time delay in the verification process and the varying loan amounts offered by KreditBee also makes it favorable among small business owners and freelancers who do not want to wait too long to receive the capital.
The holistic nature of the creditworthiness analysis of the application takes into account multiple elements, such as the stability of the income of the client, spending model, and payment history. At any given time, KreditBee would appear on any 7 Days Loan App List because of its inclusive stance and affordable interest rates.
Pros:
- Self-employed individuals accepted
- Low minimum loan amount of ₹1,000
- Flexible tenure options available
- Proprietary risk assessment model
Cons:
- Variable processing fees structure
- Strict credit requirements for higher amounts
- Limited customer support options
Loan Amount Range: ₹1,000 – ₹4,00,000
Interest Rates: 1.08% – 2.49% per month
Eligibility Requirements: Age 21-55, Monthly income ₹15,000+
Processing Time: Within 24 hours
Official Download Link: https://play.google.com/store/apps/details?id=com.kreditbee.android&gl=IN
6. CASHe App
CASHe is transforming personal lending by creating the unique Social Loan Quotient mechanism in analyzing social and professional data to offer immediate lending results. It is a novel concept aimed at targeting young professionals and millennials, with little credit history, but are creditworthy because of alternative data. The credit scoring system used by the platform through AI takes into account a range of aspects such as social media activity, professional networking, and the presence of interests online to determine their ability to borrow.
CASHe has fast fund disbursal times and a simple interface that is especially appealing to professionals in the cities looking to get immediate solutions to fund requirements. The target market audience of the application is younger ages and use of modern credit evaluation strategies that leave it with a niche in the market of online digital lending. These features make CASHe a strong candidate for inclusion in any 7 Days Loan App List.
Pros:
- AI-based credit assessment using social data
- No collateral required for loan approval
- Quick disbursement within 15 minutes
- Innovative Social Loan Quotient system
Cons:
- Limited to salaried individuals only
- Higher interest rates compared to traditional loans
- Age restrictions for younger borrowers
Loan Amount Range: ₹10,000 – ₹3,00,000
Interest Rates: 2.0% – 2.75% per month
Eligibility Requirements: Age 23-58, Monthly income ₹15,000+
Processing Time: 15 minutes – 24 hours
Official Download Link: https://play.google.com/store/apps/details?id=co.tslc.cashe.android&gl=IN
7. LazyPay App
LazyPay offers a wide range of financial services, uniting innovative buy-now-pay-later services and classic personal loans, meeting the versatile demands of customers. Its custom-made credit measurement system reviews the expenditure patterns and loan repayment mechanisms to offer customized lending alternatives. The ease of interconnectedness of LazyPay with other e-commerce sites is one of the features that will attract online buyers who prefer flexible payments.
Most users gain access to credit to buy both online and offline by getting instant credit decisions through the platform and a wide network of merchants. LazyPay is a good choice to add to any 7 Days Loan App List that focuses on today’s consumers, since it has a rather broad approach to digital credit.
Pros:
- Low minimum age requirement of 18 years
- BNPL (Buy Now Pay Later) option available
- No collateral needed for approval
- E-commerce platform integration
Cons:
- Lower maximum loan amount of ₹1,00,000
- Higher interest rates for new users
- Limited offline merchant acceptance
Loan Amount Range: ₹1,000 – ₹1,00,000
Interest Rates: 1.5% – 2.8% per month
Eligibility Requirements: Age 18-55, Monthly income ₹10,000+
Processing Time: Instant to 24 hours
Official Download Link: https://play.google.com/store/apps/details?id=com.citrus.citruspay&gl=IN
8. EarlySalary App(Now Fibe)
EarlySalary has been the first company in the digital lending industry to offer salary loans in India, with advanced machine learning enabled credit profiling based modeling to determine creditworthiness beyond the legacy CIBIL scores. The company mainly transacts with young professionals by issuing immediate loans having an exclusive attribute that it computes the interest on daily reducing balances. EarlySalary has a social-scoring product on board that looks at multiple alternative data sources to assess the reliability of the borrower and his/her repayment ability.
The fact that the application targets millennial and Gen-Z ages along with innovative credit evaluation method makes the application highly applicable when it comes to younger borrowers who need their finances fast. The transparent approach to the pricing strategy and the ability to choose flexible repayment options makes the platform more attractive to the audience of the urban professionals. These qualities make EarlySalary a strong inclusion in the 7 Days Loan App List.
Pros:
- Innovative social scoring model
- No prepayment charges applied
- Daily reducing balance interest calculation
- Quick processing within 30 minutes
Cons:
- Higher income requirement of ₹18,000+
- Limited availability in tier-3 cities
- Strict verification process for approval
Loan Amount Range: ₹8,000 – ₹5,00,000
Interest Rates: 1.2% – 2.5% per month
Eligibility Requirements: Age 21-55, Monthly income ₹18,000+
Processing Time: Within 30 minutes
Official Download Link: https://play.google.com/store/apps/details?id=com.earlysalary.android&gl=IN
9. StashFin App
StashFin provides experimental digital credit line services on top of classic personal loans in addition to its flexible borrowing capabilities which permit its customers to borrow as much as possible due to its card-based distribution platform. The facility offered by the platform has the credit line option where several withdrawals can be made within its pre-authorized range, which is a benefit to borrowers as they get to manage their finances better. The reward program offered by StashFin and its pre-set repayment deal entails that the company is especially appealing to the frequented borrowers who need continuous access to credit.
The universal character of the application in terms of digital lending entails the fusion of the conventional safety of the banking industry along with the contemporary convenience in the finance realm of fintech. In any well-rounded 7 Days Loan App List, StashFin stands out for its distinctive credit line feature and flexible borrowing, ideal for users seeking ongoing access to funds.
Pros:
- Credit line facility for multiple withdrawals
- Attractive rewards program for users
- Flexible repayment options available
- Card-based credit delivery system
Cons:
- Higher interest rates compared to competitors
- Longer processing time up to 48 hours
- Complex fee structure for borrowers
Loan Amount Range: ₹5,000 – ₹3,00,000
Interest Rates: 2.0% – 3.0% per month
Eligibility Requirements: Age 23-55, Monthly income ₹15,000+
Processing Time: Within 48 hours
Official Download Link: https://play.google.com/store/apps/details?id=com.stashfin.android&gl=IN
10. LoanTap App
LoanTap offers uniqueness in its tailor made loan products and highly flexible loan repayment conditions based on varied borrower demands and financial conditions. The platform presents the traditional security standards of banking with an added convenience of fintech, with distinct EMI options and overdrafts. The growth strategy of LoanTap provides the borrowers with more freedom on repayment terms and ensuring competitive interest rates to eligible borrowers.
Given its emphasis on flexibility and customization, the application is especially appropriate to suit borrowers whose financial needs are particular and whose income earnings are not constant. The well-developed lending services and the customer-focused business format makes this platform a good choice when discussing lending services offered on the platforms and designed to meet the individual components of the market.
Pros:
- Customized repayment options for borrowers
- Higher loan amounts up to ₹5,00,000
- Low interest rates for good credit scores
- Overdraft facility available
Cons:
- Higher income requirement of ₹20,000+
- Stringent eligibility criteria
- Limited availability for new borrowers
Loan Amount Range: ₹10,000 – ₹5,00,000
Interest Rates: 1.5% – 2.5% per month
Eligibility Requirements: Age 23-58, Monthly income ₹20,000+
Processing Time: Within 24 hours
Official Download Link: Available on Google Play Store and Apple App Store
Quick Comparison Table
| App Name | Loan Amount Range | Interest Rate | Processing Time | User Ratings |
| SmartCoin | ₹1,000 – ₹1,50,000 | 1.5% – 2.75% per month | Within 24 hours | 4.6/5 |
| Bajaj Finserv | Up to ₹80 lakhs | Up to 31% per annum | Instant to 24 hours | 4.8/5 |
| NoBroker Instacash | Up to ₹10 lakhs | 12.99% onwards | Instant | 4.8/5 |
| MoneyView | ₹5,000 – ₹5,00,000 | 1.33% – 2.5% per month | Within 24 hours | 4.5/5 |
| KreditBee | ₹1,000 – ₹4,00,000 | 1.08% – 2.49% per month | Within 24 hours | 4.5/5 |
| CASHe | ₹10,000 – ₹3,00,000 | 2.0% – 2.75% per month | 15 minutes – 24 hours | 4.4/5 |
| LazyPay | ₹1,000 – ₹1,00,000 | 1.5% – 2.8% per month | Instant to 24 hours | 4.3/5 |
| EarlySalary | ₹8,000 – ₹5,00,000 | 1.2% – 2.5% per month | Within 30 minutes | 4.1/5 |
| StashFin | ₹5,000 – ₹3,00,000 | 2.0% – 3.0% per month | Within 48 hours | 4.1/5 |
| LoanTap | ₹10,000 – ₹5,00,000 | 1.5% – 2.5% per month | Within 24 hours | 3.9/5 |
How to Apply for a 7-Day Loan Online
The modernization of loan application procedure has been done in such a way that it is the most convenient possible procedure but still, it was made to keep up with security standards and regulatory compliance issues.
- Installation: You need first to download any lending app you like on a genuine app store, please read the complete list of 7 days loan app to install the original one and not the fraudulent one.
- Registration: This step would require the basic personal information such as the name, contact details, and generation of safe account logins to be able to access the account and manage it any time later.
- Documentation: Provide essential documents using the secure encrypted document upload facility included in the app like ID proofs, address verification, bank statements and income proof etc.
- Verification: Enables the platform to check the information that you have provided with the automated mechanisms and manual processes which take a few minutes to several hours depending on how complex is the application that is to be checked.
- Approval: Get real time approval notices via app and SMS, and immediate sending of funds to your registered bank account once your verification and credit evaluation processes are done successfully.
Charges to Watch Out For
Knowing about fees and other charges, borrower will be able to make appropriate decision and not pay any extra fees that could appear during loan repayment period.
- Processing Fees: Other platforms also charge processing fees which are usually taken as a percentage of the amount approved and is normally deducted before the amount paid to the borrowers. The processing fees are usually between 2 and 8 percent.
- Late payment impose a penalty: Late repayments incur a penalty fee that can greatly increase the overall cost of a loan especially due to increase in interest rates therefore it is quite important to pay on time to curb high costs of loans incurred.
- Prepayment Charges: There are those that have penalties on early closure/prepayment of loans, and others where such liberty is given without any penalty fee so one ought to read the conditions first before borrowing.
- GST implications: Goods and Services Tax is charged on interest payment and processing charges which increase the expense on the interest being charged, and it should be considered with utmost responsibility when calculating the loan amount.
- Hidden Fees: Reputable loan companies will charge extra fees as documentation fees, verification fee, or administration fees that might not be known well during application.
Important Tips Before Taking a 7-Day Loan
These are the key pieces of advice that will help you become a responsible borrower and make the best of the short-term lending solutions without reaching the problem of financial distresses.
- Purpose Clarity: Clarify the purpose of the loan and make it such that content addresses real financial needs, not discretionary income, because it will help to keep one financially disciplined in using their borrowing power.
- Repayment Planning: Plan concretely on how to repay the loan you intend to borrow before you actually borrow the loan and take into consideration your income cycle and the other financial obligations you already have so that you can close the loan without any financial bottlenecks.
- Platform Comparison: A comparison of various platforms vying in the 7 days loan list can be done to get the most suitable platform to suit the interest rates, costs, loan amount, and payment terms that coincide with your requirements.
- Terms Overview: Carefully read and comprehend the terms, conditions, and fee arrangement of the loans before accepting it and be sure you know the end total amount of borrowed money and repayment rules.
- Credit Impact: With the loan, take into consideration your credit score and capability to borrow additional resources in the future, and make sure to make repayments on time to keep good credit history and receive lower rates in the future.
Conclusion
The online lending industry in India has revolutionized, and there is no doubt that 7-loan applications empower a whole new section of borrowers with unparalleled access to fast money. The innovative platforms that have been introduced incorporate sophisticated technologies with user-friendly interfaces in order to provide immediate credit decisions and quick fund releases. The extensive 7 Days Loan App List below offers broad solutions for varying financial requirements, including emergency expenditures and short-term liquidity shortages.
Nevertheless, sensible borrowing is vital for remaining financially healthy and avoiding the risk of falling into a debt trap. With the fintech industry expected to keep growing, these short-term financing alternatives will continue to evolve and become even more accessible, reshaping the financial services landscape in India to reach an ever-changing population.
FAQs
Is the 7-day loan applications safe?
Yes, trusted 7 day loan application relies on high security features such as encryption, secure payment channels, and conformity to regulatory requirements to secure user data and financial records.
What is the lowest credit rating?
The majority of 7-day loan apps accept even those who have little credit history because they apply alternative-scoring models that take into account a multiple number of factors not related to a general credit score.
Is it possible to extend my loan installment of 7 days?
In some platforms, there will be possibilities of extending it at an extra cost whilst in others, full repayment must be done within the same period. Make sure to have a look at particular app policies concerning extensions.
What is the speed at which I can be granted the loan?
In most applications the decisions on whether to approve or not are done instantly, the discharge of the funds can be within 24 hours of successful verification process.
What will occur when I am unable to make payments in time?
Payments made late incur attacked penalties and they can lead to poor credit score. Immediately engage the lender to see, what alternative to repayment can be arranged.
