Loan extension
Extension Details: Requesting to extend my loan repayment date by 2 weeks, from the 24th of June, 2025 to 8th of July, 2025.
Extension Duration : 2 week maximum(24th June, 2025 to 8th July 2025)
New Repayment date : 8th or 9th July, 2025
New Repayment amount : $525
As it is more than 10 days. Minimum interest should be 10%. So, the new repayment amount should be 550$.
I am paying 10% interest for 2 weeks and not for one full month, I am paying $525 and not $550