We hope that all of our users honor their purchase agreements with SlicePay. Please understand that when you choose to pay over time with SlicePay, you are entering into a legal obligation to pay the balance of the amount on time. While we hope we never have to do so, we reserve the right to refer delinquent accounts to collections & they will be prosecuted as per law in case of delayed payments. You may review our Terms and Conditions here : http://bit.ly/2ItFOod
You CIBIL Score also will be negatively impacted which in turn would make you ineligible for getting financing/loans in future for further studies, to buy a home etc. You will also be charged a penalty whenever you pay after the due date. You can read more : http://bit.ly/2ItGEkR
On the contrary, timely payments has its own benefits, you can read more : http://bit.ly/2IwFiG0