We have not heard of AsapKash, but for most online mobile loan apps, if you don't pay your loan on time, then you will be listed negatively on CRB which affects your credit score. This means in future you may not get a loan from other financial institutions.
That is a lost opportunity. If you cannot report to the University or College that you have been placed by KUCCPS due to financial, medical or any other problem then you are supposed to write a deferment letter to your institution.
If you failed to defer then your space is likely to be taken. Most universities have a deadline that students should report for admission. The best thing to do is to physically visit your University's admission office and explain your case.
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