What are the consequences if the Shanghai Huarui Bank aviation loan is overdue?

Shanghai Huarui Bank is one of the first five private banks in my country to be piloted. Although it is a private bank, its business scope is similar to that of state-owned banks. It also provides users with services such as deposits and withdrawals, loan issuance, and domestic and foreign settlements. Shanghai Huarui Bank has also launched many credit loan products since its establishment. Aviation Loan is one of the travel consumer loan products. It mainly applies for loans through Ctrip Travel and Qunar.com. So what will be the consequences if the Shanghai Huarui Bank aviation and travel loan is overdue? Let’s find out together.

What are the consequences if Shanghai Huarui Bank’s aviation and travel loan is overdue?

1. It will have a negative impact on personal credit. Shanghai Huarui Bank’s aviation and travel loan is a bank credit consumer loan. It is connected to the credit report, and once the payment is overdue, it will be reported to the credit report system;

2 Increase the borrowing cost, and will generate corresponding overdue penalty interest as the user is overdue, increasing the number of borrowers The repayment pressure;

3 will be collected by the bank, and the bank will collect the money through phone calls or text messages.

The above is an introduction to some consequences of overdue repayment of Shanghai Huarui Bank’s aviation and travel loan. I hope it can be helpful. It is recommended that when applying for a loan, you must act within your capabilities.