What will happen to loans overdue in a month?

What are the consequences of joint finance recruiting loans overdue?

After recruiting Financial loans overdue, customers will bear the following consequences:

1, credit will be hurt.

2. It will be collected by the platform.

3. There will be penalty interest.

The loan contract will be terminated.

5. The platform will ask for advance payment.

6. Affect other loan applications.

7. Affect the customer's evaluation score.

8. Will be blacklisted.

9. Malicious overdue will be prosecuted.

10, unable to enjoy preferential loan policy.

It can be seen that the overdue of Zhaolian Finance will cause serious harm to customers. In order to avoid these situations, customers should make a record of borrowing and returning to avoid the above-mentioned influence on themselves.

Generally speaking, there is no grace period for the loans of Zhaolian Finance. If the customer fails to repay in time before the repayment date expires, it is overdue. Therefore, when applying for joint loan, customers should keep calm and not exceed their financial ability. As long as the income can cover the loan expenses, customers will not have too much debt pressure in their later lives.

What will happen if Zhaolian Finance is overdue for one month?

There are two main consequences: first, it will affect the credit investigation, because the credit investigation is in progress. If the credit information is overdue for one month, the credit information will upload the borrower's overdue record to the central bank's credit information system, and the personal credit information will leave a bad record. After the deadline, it is more difficult for customers to get loans from Zhaolian Finance. Moreover, due to the overdue reporting of credit information, it will also be affected for customers to apply for credit cards and loans at banks or other lending institutions and platforms. If the financial tone of China Merchants Bank is one month or the loan (China Merchants Bank) is overdue, there will be a penalty interest of compound interest. The system will repay the overdue loan principal and interest in installments in the order of overdue time (in the order of compound interest, default interest, interest receivable and overdue principal) from the date when the loan should be repaid. Overdue records are uniformly entered into the credit information system by the central bank. When applying for a loan or credit card in the future, it is necessary to review the credit status, and it is recommended to keep the repayment record (please confirm with the institution that handles the follow-up business after the specific review).

1. Zhaolian Consumer Finance Co., Ltd. (hereinafter referred to as "Zhaolian Finance") was established on March 20 15. It is a licensed consumer finance company jointly funded by China Merchants Bank and China Unicom. Its registered address is in Qianhai, Shenzhen, with a registered capital of 6,543.8 billion yuan. Zhaolian Finance adheres to the guiding ideology of "Do not forget your initiative mind benefits endlessly" and the development concept of "inclusive mission, innovation drive, core competence and ultimate experience". Zhaolian Finance has two major consumer financial product systems, namely "good loan" and "credit payment", providing users with universal consumer credit services with no guarantee and low interest. Zhaolian Finance has comprehensively covered shopping, tourism, education, decoration and many other consumer scenes, serving tens of millions of customers and covering a vast area of the country.

2. Zhaolian Financial APP: a comprehensive financial application launched by Zhaolian Consumer Finance Co., Ltd., a pure online credit loan platform. Good-term loan: Zhaolian Financial's Internet credit loan products can be applied in Zhaolian Financial APP, WeChat official account and online channels of partners; Support 7*24 hours of borrowing at any time, real-time arrival, and support lending to mainstream bank cards; The maximum amount is 200,000 yuan, and the longest loan period is 36 months. Zhaolian Finance has created many personalized categories under the "good term loan" product system, such as "white-collar loan" products with more favorable pricing for high-quality white-collar workers and "large-sum loan" products with a one-time high amount to meet the temporary capital turnover needs of high-quality customers.

3. Credit payment: Zhaolian Financial's Internet consumption installment products provide users with fast, safe and convenient payment methods for Internet credit consumption; Online application, instant approval, up to 40 days interest-free and up to 24 installments can be realized. "Credit payment" is mainly applied in the staged shopping mall owned by Zhaolian Finance and many consumption scenes such as education, medical beauty, tourism and decoration. At the same time, in order to improve the convenience of customer payment, "credit payment" has opened up important payment channels such as UnionPay flash payment, Alipay and WeChat payment with the help of bank second-class accounts, and can enjoy interest-free transactions every month. Transactions exceeding the monthly interest-free amount can be automatically phased.

What is the penalty interest of overdue loan of Zhaolian Finance 1000 yuan a month?

Although it doesn't seem serious to recruit a regular day in loans overdue, in fact, the following may happen:

1. Received a reminder message for overdue repayment.

Generally speaking, the system will send a text message to remind you three days before the repayment date. If the repayment fails on the repayment date, which leads to overdue, you will receive repayment SMS from the repayment date until the repayment is successful.

2. There will be a one-day overdue penalty interest.

The penalty interest for overdue loans of Zhaolian Good Loan is calculated according to the actual overdue days, and the penalty interest = overdue amount (overdue principal+overdue interest or installment fee) * penalty interest rate * actual overdue days.

For example, the penalty interest rate is 0.05%, the overdue amount is 1 1,000 yuan, and the penalty interest is 0.5 yuan for one day. Of course, the specific penalty interest rate is subject to the loan contract.

3. Report the overdue situation to the central bank for credit reporting.

According to the customer service explanation of Zhaolian's loan with good maturity, if the borrower fails to complete the repayment before 24:00 on the repayment date, Zhaolian Finance will truthfully report the overdue record to the central bank's credit information center in accordance with the regulations of the national regulatory authorities, so one day overdue may also affect the personal credit information record.

4. Cancel or reduce the borrower's quota.

If the overdue amount is large or often overdue, even if it is only overdue for one day at a time, it may be cancelled or reduced by the system. Because the system will judge that the borrower has bad credit according to the actual overdue situation, the purpose of risk control and timely stop loss can be achieved by canceling the loan quota.