What happens if you don't repay on time

Every loan is due 30 days after it's paid out. Here's exactly what changes on your account if that date passes without full repayment — and what your options are at that point.

Your loan is marked overdue

If the amount owed isn't fully repaid by the due date, the loan's status changes to overdue on your dashboard. This isn't a separate penalty charge — you still owe the same principal plus interest you agreed to when you borrowed.

You can't open a new loan

Only one loan can be open on an account at a time, and an overdue loan counts as open. That means no new application will go through until the overdue balance is settled.

Partial repayment still counts

Any amount you send toward an overdue loan is applied automatically and reduces what you owe — you don't need to repay the full balance in one transaction to make progress.

It's recorded on your account history

A late or defaulted loan stays on your account's history. That history is what determines whether future applications on this account are approved.

What to actually do if you're going to be late

• Repay whatever portion you can as soon as you can — even a partial payment reduces the balance and shows good faith.
• Reach out to support before the deadline if you already know repayment will be tight — earlier is always more useful than after the fact.
• Don't ignore it. An overdue loan doesn't resolve itself, and the balance owed doesn't shrink on its own.

The short version: being late doesn't trigger some hidden fee structure — it simply pauses your account (no new loans) until the existing one is settled, and it stays on record. Repaying as soon as you're able, even partially, is always the right move.

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