Esther Owusu Ansah
Abetifi Kwahu, Ghana
Feb 17, 2021
I want to know if one make payment on time ,will she be able to request the credit risk payment or is not refundable?
Feb 20, 2021
The credit risk fee is not refundable; when your loan is completed the Credit Risk Fee is held by Zidisha who needs to reimburse lenders who have other borrowers who have perhaps died, fallen upon misfortune and not been able to repay, or disappeared. It is like an "interest fee" on the loan, except it does not increase as time increases - it is just the flat fee. It will be a lower % in the future if your old loans have all been good.
If you wish to leave Zidisha, after paying your loans, before you have borrowed any substantial amount of money then your initial fee is refundable (but not the credit risk fee). If you pay for your disbursement to be "expedited" but it is not possible for Zidisha to transfer the money within 3 days (instead of 14) then the expedite-fee is refundable.
Olawale Noble Liasu and James Ohemeng like this.
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