SCC: Interest-free period

Users can enjoy up to 45 days of interest-free periods on their transactions. (including ATM withdrawals). E.g. If a user makes a transaction on 1st June, the transaction will be a part of the July 1st bill. The user will have 15 days to pay off the bill. I.e. the transaction made on 1st June will be interest-free until July 15th.

Please note: The interest-free period is only applicable if the customer pays his total bill amount on or before the due date. In case of minimum payment or partial payment, the user will be charged interest on the transaction from the date the transaction was made till the date it remains unpaid at 3% interest per month (36% p.a.). Users can refer to the T&C's for an in detail example of the interest free period. https://goniyo.com/partner-legal/