We understand that unexpected life events can happen and will always work with you to find a suitable repayment option first. Importantly, no late fees or interest on late payments will ever be charged.
In a Musharaka partnership, if missed payments continue and no resolution can be reached, a sale of the property would be pursued as a last resort. For any returned payment due to non-sufficient funds (NSF) without notice, we will have to charge the fee that the bank charges us, plus a small administrative cost.
