What Happens If I Miss a Payment?
A missed interest payment at Arvexo: unpaid interest is added to the balance, LTV rises, and continued non-payment can lead to liquidation.
Updated
If an interest payment is not received by the due date, we will contact you straight away. The unpaid interest is added to your outstanding balance, which raises your LTV.
Grace Period
You have a grace period, stated in your final terms, to bring the account up to date. During this time the loan remains active, but late fees may apply and the higher balance brings you closer to the LTV thresholds.
If you expect difficulty making a payment, contact us before the due date. We can often agree an alternative arrangement.
