Following is an illustration of the delay charges applicable to the borrower if he/she defaults:

**In case the Loan amount is less than Rs. 100,000**

- If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 750
- If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 1,500
- If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 2,250
- If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 3,000
- For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount

**In case the Loan amount is more than Rs. 1,00,000 and less than Rs. 3,00,000**

- If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 1,000
- If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 2,000
- If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 3,000
- If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 4,000 h.
- For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount

**In case the Loan amount is more than Rs. 3,00,000**

- If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 1,500
- If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 3,000
- If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 4,500
- If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 6,000
- For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount

All these charges will be divided among lenders and LenDenClub. These charges will be applicable on loans disbursed April 1, 2017 onwards