Consequences of being overdue. 6.1. When a Loan instalment is due, Novum reserves the right to charge default interest at a daily rate of 0.10% on all outstanding amounts under the Loan Agreement. In addition to the above, when the Loan instalment is due, Novum will send maximum 3 (three) notices by normal mail and/or email/SMS on the email address/mobile number provided by the Customer at the application stage. The first notice will be sent one (1) calendar day after the original Loan instalment due date. In case the relevant Loan instalment payment is not received by Novum, Novum will send additional notices after eleven (11) and twenty-one
Consequences of being overdue. 19.1. When a Single-payment Loan is due, Novum will send maximum 3 (three) notices by normal mail and/or email/SMS on the email address/mobile number provided by the Customer at application stage. The first notice will be sent one (1) business day after original repayment due date. In case the payment is not received by Novum, Novum will send additional notices after eleven (11) and twenty-one (21) days of the original repayment due date. For this purpose, Novum shall be entitled to send reminder letters to the Customer by mail, the delivery of which may incur additional costs. The Customer will be charged a fee of DKK 100.00 per notice.