If a customer fails to withdraw an approved loan, they are still obligated to make monthly repayments. In such cases, the customer will not only lose the security deposit but will also be required to repay the loan in full through monthly installments. This will be treated as a serious breach of agreement.

If a customer fails to pay the required installments, the company will consider this a violation of the loan agreement and an act of fraud. Legal action may be taken, including but not limited to, filing a case in court.

Customers who refuse to settle their debt may face legal enforcement and possible imprisonment under applicable laws. Continued inaction will result in the system permanently freezing the account and marking the customer as having abandoned their financial obligations. Additionally, their account will be blacklisted, and their information will be reported to relevant financial institutions and regulatory bodies.

All information related to the defaulting customer will be recorded in our company’s internal blacklist database. This may significantly damage the customer’s reputation, credit standing, and future ability to borrow from other financial institutions or lending companies.