At City Access, we understand that unforeseen circumstances may arise, making it difficult for our customers to make timely payments on their loans. Therefore, we have put in place measures to provide a consensus for late loan repayment.
One of the ways City Access supports customers with late loan repayments is by providing a grace period. A grace period is a period of time during which a customer is not required to make their loan payments. This can help customers who are experiencing temporary financial difficulties to catch up on their repayments and avoid late payment fees.
City Access also offers loan extensions to customers who need additional time to repay their loans. A loan extension allows a customer to extend the repayment period of their loan, which can reduce their monthly repayments and make it easier for them to manage their finances.
Furthermore, City Access also provides debt consolidation services to customers who have multiple loans and are struggling to manage their repayments. Debt consolidation involves combining multiple loans into a single loan with a lower interest rate and more manageable repayment terms, making it easier for customers to keep track of their finances and reduce their overall debt burden.
We believes in open and transparent communication, and encourage our customers to keep in touch if they experience any difficulties. We understand that life can be unpredictable, and we are committed to working with their customers to find a solution that works for everyone.
Overall, City Access is a customer-centric loan financial institution that values our customers and strive to provide flexible and compassionate solutions for late loan repayment. We understand that financial difficulties can happen to anyone, and we are committed to supporting our customers during challenging times.