Repayment Grace Period
Repayment grace period means that an individual borrower repaying a loan in installments may enjoy a grace period of several days for repayments after the expiry date of repayment. The grace period is upto 10 days at most, but shall not go beyond the month of the agreed repayment date.
Repayments made within the grace period shall not be deemed as an overdue loan, and overdue interest and penalty interest will not be calculated. This will protect your credit history!TOP