Monexo Insights

Monexo encourages responsible borrowing

23 March, 2017

Monexo encourages borrowers to pay their monthly installments on time which is due on 1st of the month. We proactively send them email reminders before the payment due date. However, if they are unable to make payment on the 1st of the month, they have a grace period of repaying by 4th of the month So, what happens in case of delay or default of payment? 1. Late fees and penal interest If the payment is not made into the escrow account latest by the 4th of the month,

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Tips to Manage Debit

5 tips to manage debt wisely

11 February, 2017

Whether it is a personal loan, credit card dues or any kind of debt, it is costing you money! And thinking about it keeps you up all night. Now is the right time to take action and steer clear of the debt trap. Tip #1: Evaluate your spending Many of us have the habit of stashing away our bills of purchases or credit/debit card statements without reviewing them carefully. Well, the key to manage your debts is to know where are you spending. Take out your bills, evaluate your

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