Does Tik Tok have a three-day grace period?

There is no grace period for Tik Tok to borrow money.

According to the announcement in official website, customers who fail to repay before 24 o'clock on the stipulated repayment date will be recorded as overdue, which will affect personal credit. Generally, on the repayment date, official website can be used to generate two deduction reminders, one at 1 1 am and the other at 15 pm. As long as the customer deposits enough money in the bank card account, the system can deduct money smoothly and avoid overdue. Tik Tok can rest assured that official website will push reminders through SMS and APP one day before the repayment date to prevent users from forgetting to repay.

In addition, Tik Tok can rest assured that overdue fees may be charged. If the user fails to pay off all the arrears on the repayment date, the overdue fee will be calculated from the day after the repayment date, and the overdue fee will be charged at the daily interest rate of 0.05%; At the same time, Tik Tok Credit Loan will also collect overdue users and remind users to repay by SMS and telephone.

The role of Tik Tok secured loan

Tik Tok Credit Loan can be used for credit card repayment, shopping and other consumption scenarios. In terms of credit card repayment, Tik Tok Reliance Loan supports binding credit card repayment, allowing users to repay before the repayment date, avoiding the troubles and expenses of overdue repayment. In terms of shopping, Tik Tok is assured to cooperate with the e-commerce platform, so that users can use the credit granted by Tik Tok, making shopping more convenient and faster.

In addition, Tik Tok Credit Loan also provides installment repayment, early repayment and other functions, allowing users to flexibly arrange repayment plans according to their own needs. Tik Tok assured loan is a loan platform, whose function is to provide users with fast and convenient short-term loan services. Tik Tok assured loan is a personal consumption credit service product jointly launched by Tik Tok platform and licensed financial institutions, which mainly provides online loan services for users and can be used for personal consumption, decoration, tourism and so on.