Are there any fees and charges associated with Tenure Extension?

A  Tenure Extension fee will be charged, calculated as a percentage of your outstanding loan balance (principal plus unpaid accrued interest) of your selected Instalment Loan at the time of conversion. 

Tenure Extension fee is payable by your immediate scheduled repayment due date. Note that interest on your loan will not be charged on your Tenure Extension fee. 

If a payment is late, late interest charges will be applied, and these may vary depending on how long your repayment is overdue. To avoid late interest charges, please continue making your Instalment repayments on time.