Why does the online loan platform send me reminder text messages?

Explain that users who have applied for loans on the platform and are overdue have used you as an emergency contact or the phone calls between the two parties are relatively frequent, and the platform has determined that the relationship is close, so the borrower cannot be contacted or the borrower is When the repayment attitude is negative, a reminder text message will be sent to the contact's mobile phone.

There are two main reasons. The first is that the debtor does not know him, but he makes many calls, such as express delivery, takeaways, customers, etc.; the second is that the user’s mobile phone number is " "Old card", the previous owner had more contact with the debtor.

Loan repayment method

(1) Equal principal and interest repayment: that is, the sum of the loan principal and interest is repaid in equal monthly installments. Housing provident fund loans and commercial personal housing loans from most banks adopt this method. In this way, the monthly repayment amount is the same;

(2) Equal principal repayment: that is, the borrower will evenly distribute the loan amount and repay it in each period (month) during the entire repayment period, and pay the same amount at the same time. A repayment method that clears the loan interest from the previous transaction day to the current repayment date. In this way, the monthly repayment amount decreases month by month;

(3) Monthly interest payment and principal repayment on maturity: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [with a period of one year] Applicable to the following (including one year) loans], the interest on the loan is calculated on a daily basis, and the interest is returned on a monthly basis;

(4) Repay part of the loan in advance: that is, the borrower can apply to the bank to repay part of the loan amount in advance , the general amount is 10,000 or an integral multiple of 10,000. After repayment, the loan bank will issue a new repayment plan, in which the repayment amount and repayment period will change, but the repayment method will remain unchanged. And the new repayment period shall not exceed the original loan period

(5) Repay the entire loan in advance: that is, the borrower applies to the bank to repay the entire loan amount in advance. After repayment, the lending bank will terminate the loan. loan and go through the corresponding cancellation procedures.

(6) Borrow and repay at any time: The interest after borrowing is calculated on a daily basis, and one day is used to calculate the interest. The payment can be settled in one go at any time without penalty

Interest refers to the remuneration paid by the borrower to the lender for obtaining the right to use funds. It is the capital (that is, the principal loaned) within a certain period of time. usage price. Loan interest can be calculated in detail through the loan interest calculator.

In civil law, interest is the legal interest on principal.

The benchmark interest rate is a universal reference rate in the financial market. Other interest rate levels or financial asset prices can be determined based on this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the conditions of interest rate marketization, financiers measure financing costs, investors calculate investment returns, and management regulates the macro economy. Objectively, a generally recognized benchmark interest rate level is required as a reference. Therefore, in a sense, the benchmark interest rate is the core of the interest rate marketization mechanism. To put it simply, if you usually deposit money in the bank, it will give you interest. The larger the base interest rate, the more interest; the smaller the base interest rate, the smaller the interest.