What will happen to loans overdue? Is there a fine?

A small amount of loans overdue for 3 months will have the following consequences:

1, affecting personal credit information.

Micro-loan is a credit loan of Weizhong Bank. Once it is overdue for 3 months, it will directly affect the applicant's personal credit information. If it is not returned for a long time, the overdue records will remain in the personal credit information system forever and cannot be eliminated.

Step 2 be collected

When the micro-loan is overdue for 3 months, the micro-loan staff will call for money, send text messages by phone, and even call friends around them, resulting in the applicant being unable to live a normal life.

3. Charge penalty interest

The penalty interest will be charged from the overdue date, and the overdue days will be counted from the day after the repayment date until it is paid off. The longer the overdue period, the higher the penalty interest, thus increasing personal debt.

Small loans overdue for 3 months is very serious. After lending a small loan, you must repay it on time to avoid serious consequences. Overdue micro-loans will also affect users' online black index scores. If it is overdue for 3 months, you can check whether the comprehensive score is affected on Lan Bing data to prevent yourself from becoming a blacklist of online loans. If it is impossible to repay due to personal financial problems, you must take the initiative to apply to the platform for deferred repayment or negotiated repayment.