Penalty fees are applied if you miss your monthly installment(s), by the end of the grace period that is up to 5 days. The penalty fee is applied on all overdue installment(s).
To check your installments plan head to the installments tab on the app to view all your plans.
Good to know:
If you miss more than one payment, your account will be automatically frozen by the system and won't be able to continue using our services until you settle all outstanding debts.
Missed payments will affect your iScore credit history.