Days Past Due (DPD)
Days Past Due (DPD)
Understanding Your Loan Repayment Status
Days Past Due (DPD) refers to the number of days a scheduled loan repayment remains unpaid after its due date.
Sayyam Investments Private Limited, through its digital lending product PayRupik, provides customers with digital lending services. This page explains DPD and how an overdue repayment is reflected in your loan account.
What is DPD?
DPD indicates the number of days a repayment remains unpaid after the scheduled due date.
For example, if your repayment is due on the 10th and the amount remains unpaid after the due date, the account may reflect an overdue status. The number of days for which the repayment remains unpaid is referred to as the Days Past Due (DPD).
DPD Classification
| DPD | Repayment Status |
|---|---|
| 0 DPD | Repayment is not overdue |
| 1–30 DPD | Repayment is overdue by 1 to 30 days |
| 31–60 DPD | Repayment is overdue by 31 to 60 days |
| 61–90 DPD | Repayment is overdue by 61 to 90 days |
| 90+ DPD | Repayment is overdue for more than 90 days |
The above classification is provided for general information. The treatment and reporting of overdue accounts will be as per applicable regulatory requirements and the terms of the relevant loan agreement.
Why is DPD Important?
Timely repayment of your loan is important for maintaining a healthy repayment history.
Where applicable, repayment and overdue information may be reported to Credit Information Companies (CICs) in accordance with applicable laws, regulations, and reporting requirements. Delayed or missed repayments may impact your credit history.
What Happens When a Repayment Becomes Overdue?
If a scheduled repayment is not received by the applicable due date:
- The repayment may be marked as overdue.
- The applicable DPD may increase for each day the repayment remains unpaid.
- Applicable charges, if any, will be as disclosed in your Key Facts Statement (KFS), loan agreement, and other applicable documents.
- Relevant repayment information may be reported to Credit Information Companies (CICs) as applicable and in accordance with regulatory requirements.
Customers are advised to clear overdue amounts at the earliest to regularise their loan account.
How Can You Avoid Overdue Payments?
To maintain timely repayments:
- Keep track of your loan repayment due dates.
- Ensure sufficient funds are available for scheduled repayments.
- Make your repayments on or before the due date.
- Regularly check your PayRupik loan account for outstanding amounts and upcoming repayments.
- Contact customer support if you anticipate any difficulty in making a scheduled repayment.
Frequently Asked Questions
What does 0 DPD mean?
0 DPD generally means that there is no overdue repayment on the loan account as of the applicable reporting date.
Does DPD affect my credit history?
Delayed repayments may be reported to applicable Credit Information Companies in accordance with regulatory requirements. Such repayment information may impact your credit history.
How is DPD calculated?
DPD is generally calculated based on the number of days a scheduled repayment remains unpaid after its due date, subject to applicable regulatory requirements and the terms of the loan agreement.
How can I clear my overdue amount?
You can check your outstanding amount and repayment details through your PayRupik account and make the applicable repayment using the available payment options. If you need assistance, please contact our customer support team.
Important Information
- The DPD status of a loan account is determined based on the applicable repayment due dates and payment records.
- Any applicable charges for delayed repayment will be as disclosed in the Key Facts Statement (KFS), loan agreement, and other applicable loan documents.
- Repayment and overdue information may be shared with Credit Information Companies, where applicable, in accordance with applicable laws, regulations, and reporting requirements.
- For questions regarding your repayment schedule, outstanding amount, overdue status, or DPD, please contact PayRupik Customer Support.