Overdue Late Fee Policy

Dear Users,
Our Overdue late fee policy is stands revised and it will be implemented from 18th March 2022.

This will apply to all users who have failed to make payment on the Due date mentioned in the Coine Application. The details of the late fee were emailed to you in addition to intimating users via SMS as a part of your KYC process

The late fee structure below will be applied depending on your bill amount.

Pending Loan up to Rs. 1000 – No late fee
Pending Loan from Rs. 1000 to Rs. 1999 -One-time Late Fee of Rs. 50
Pending Loan from Rs. 2000 to Rs. 4999 – One-time Late Fee of Rs. 100
Pending Loan from Rs. 5000 to Rs. 7,999 – One-time Late Fee of Rs. 150
Pending Loan from Rs. 8000 to Rs. 9,999 – One-time Late Fee of Rs. 300
Pending Loan from Rs. 10,000 to Rs. 24,999 – One-time Late Fee of Rs. 400
Pending Loan is greater than Rs. 25,000 – One-time Late Fee of Rs. 500

A GST of 18% will apply to the fees. Got more questions? Write to us at support@coine.ai

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