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.
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 here.
On the contrary, timely payments has its own benefits, you can read more here.