How does a Tenure Extension affect my Instalment loan?
Tenure Extension helps by lowering your monthly repayment amount. It does this by extending your final repayment due date by the number of months you choose to extend.
Your Annual Percentage Rate (APR) for the Instalment Loan will remain the same. Please note that any unpaid accrued interest on your Instalment Loan will be added to the principal for your new repayment schedule. Additionally, a Tenure Extension fee will be applicable.