What happens if I am late at my payments?

What happens if I am late at my payments?

If you fail to make any monthly instalments or pay any other amount payable when due, you shall pay the late payment charge of 8% per annum (consists of a compensation / Ta’widh (1%) and a penalty / Gharamah (7%) that will be channeled to charitable bodies).
The late payment charge will not be compounded.