Will there be a SMS reminder after the deadline? Excuse me. How long is it overdue or what are the consequences?

Loans overdue will be reminded by SMS. Loans overdue time exceeds the final repayment period. The consequence of loans overdue is that loans overdue will be recorded in the credit information system after three days, because the loan is a grace period for the borrower, that is, the overdue principal can be returned within three days, and you will not be counted as overdue. If it exceeds 3 days, the borrower will start to calculate the penalty interest and report it to the central bank for credit investigation. If the overdue amount is not paid off for more than 2 weeks, Alipay will close your qualification to use the borrower and only keep the repayment function.

First, the advantages of Alipay borrowing

1. The user experience is super good and the loan payment speed is super fast. After using Alipay to enter the product interface, users can get their own loanable amount within 1 second by clicking to view the available amount, and lend money in three to five minutes. It is very convenient to compare the tedious process of credit card and P2P personal microfinance.

2. The principal has been repaid without interest, respecting financial laws, earning conscience money aboveboard, and bearing interest on a daily basis. Interest is calculated from the date of loan issuance, and repayment is made according to the average capital method, and the monthly repayment amount decreases month by month.

3. There is no penalty for prepayment. The customer should be polite under the condition that his contract is just, and how much interest+principal should be repaid after the loan is used, regardless of the timing of his capital investment.

4. It is very convenient to withdraw cash, and there is no reason to withdraw cash: compared with the problems of credit card withdrawal and high handling fee, lending can be said to be specially provided for people with tight funds. Of course, it is originally a credit loan, and the money can be directly mentioned on the bank card after it arrives.

Second, the shortcomings and shortcomings of Alipay

1. It's hard to open. The official has not announced the specific application criteria. It only says that sesame seeds have a chance to open if they score more than 600 points, so many users say that they are temporarily unavailable.

2. The annual interest rate is lower than that of credit cards, but there are no preferential activities of credit cards and the longest interest-free period of one month.

3. We haven't made a detailed membership management plan, such as credit card points, gift exchange, air miles and other functions. It's really a matter of borrowing one yard at a time, and nothing else is interesting.