What happens if I can't pay on time?
If you find yourself unable to cover your payment by the agreed date, the most important thing is to stay in touch. Write to us at collections@airtm.com — we're here to support you and find alternatives to help you get back on track.
Consequences and late fees
A one-time late fee of 5% will be applied to the outstanding balance. Unlike other lenders who charge indefinite daily interest, ours is a one-time charge designed to help you regain control.
The app will send you alerts as your due date approaches.
Impact on your credit history and future access
- Credit history: a late payment can reduce your chances of obtaining loans with us and with other institutions.
- Credit limits: you may see your loan limit reduced or be unable to access new credit immediately.
What should I do if I know I won't be able to pay?
- Pay what you can: partial payments reduce the balance on which fees are calculated and show your intention to repay.
- Contact us immediately: don't wait until after the due date. Write to collections@airtm.com to find a solution together.
Recover your access to Loans
As soon as you fully settle your outstanding loan, you'll be able to apply for a new one.
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