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Loan service providers can charge you the same or new rate for the loans, especially if they consider you to be a good payee and have successfully repaid your loan on previous occasions. Please remember, it is the duty of a loan service provider to check and make sure you can afford the loan and its repayments.
if you plan on renewing or taking out additional loans, you need to do this with the full understanding, knowledge and consideration of costs involved, at any point in time. Please be aware that late or non-payments can and will result in more interest and unwanted costs on top of your loan. Remember, non-payment or late payments can result in further interest and unwanted costs to your loan amount or account.
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