My monthly bike loan instalment of 6, 222 INR is scheduled to be deducted from my bank account on the 28th of every month. Unfortunately, due to month-end expenses, there were insufficient funds in my account, and I received a notification indicating that the payment could not be processed.
On the same day, I promptly made a manual payment through one of their applications called Gadi Bazar. Despite making this payment on the same day, I noticed that the lender added overdue charges amounting to 736 INR on the following day.
It appears that the lender intentionally schedules loan deductions at the end of the month, potentially leading to insufficient funds in many accounts and resulting in extra charges for borrowers. This practice can be burdensome, especially for middle-class individuals like myself.
I believe such actions may constitute unfair treatment by the lending institution, and it is concerning that this practice may go unnoticed or unaddressed. Was this information helpful? | 
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