What do you mean by "no due date"? Is this same as "auto debit" ?

Modified on Sun, 1 Feb at 11:06 PM

No due date: This means you don’t have a fixed repayment date like a traditional loan or credit card bill. You can pay back at your convenience within your available balance or the billing cycle rules.


Auto debit: This is different — auto debit automatically withdraws the payment from your linked bank account whenever there is an inflow of cash, or you have enough balance in it.


In Beem, “no due date” typically applies to features like Everdraft™ cash advances, where repayment is automatically deducted when your account has sufficient funds. You aren’t required to remember a specific date, but funds are pulled automatically once available.

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