Many PalmPay users are looking for way to extend their Loan when they cannot repay in due date. Yes, this is the right thing to think off if you cannot meet up with the repayment in the due date. However, to extend your Loan on the PalmPay app is not certain but you can try to negotiate time with your dedicated customer support representative.
It's also important that to note that when the deal to extend your Loan repayment time is accepted and approved, the outstanding loan will continues to incur for additional interest rate which will add up to the current outstanding balance.
However, if the extending loan deal is not accepted or approved, and you're still hesitating to repay the PalmPay Loan, then, you will several consequences from the Loan agents, such as harassment and embarrassment, accessing and contacting your contact lists, taking legal actions and reduction in credit score. Here's everything that will happen if you fail to repay PalmPay Loan.
To Extend Your Loan on PalmPay, Follow the explanations below:
If you need to extend your PalmPay loan, you can reach out to PalmPay customer support directly through the app or by calling their customer service number or wait for the agent to call you to remind you of your loan repayment dues. When contacting them, clearly explain your situation and request an extension. The customer support team may provide a solution or guide you on the next steps to take.
It's crucial to ensure that you make any required payments on time to avoid penalties or a negative impact on your credit score. Keep in mind that loan extensions are not always guaranteed and depend on the terms of your loan agreement and your repayment history. There are a few important things to remember: you can only extend your PalmPay loan once, and you must repay the loan by the new extended due date. Failing to repay on time could limit your ability to secure future loans from PalmPay.
If you need more time to repay your loan, use the in-app feature to extend your repayment period. However, be diligent in making the full repayment by the new due date to avoid any negative consequences.
