What time will the micro loan be deducted on the repayment date?

What time will Weilidai automatically deduct payment?

Weilidai will deduct the payment for the first time between 0:00-12:00 on the repayment date. Deduction failed and a second deduction will be made between 17:00-21:00. In other words, users need to ensure that there is sufficient balance in the repayment bank card to repay before 0:00 on the repayment date. If the first deduction fails, the repayment amount should be prepared before 17:00 so that the system can make additional deductions on the repayment day. If you miss the above two deductions and fail to repay after 24:00 on the repayment date, the user will count it as overdue. Not only is credit information collected at past due meetings, but late fees are also incurred.

1. Weili Loan will automatically deduct funds in the early morning of the repayment date. The daily interest rate of Weili Loan is 0.05%, and you can choose to repay it in advance. Early repayment interest is charged until the repayment date. Early repayment of Weilidai does not constitute a breach of contract, and there is no penalty interest or other fees. If the actual loan period is one day, you only need to pay interest for one day. After paying off the balance in full in advance, the credit limit will be restored immediately. The installment repayment period of Weili Loan can be 5 months, 10 months, or 20 months. The interest of Weili Loan is calculated at 0.05% per day, and the principal is repaid in equal amounts.

2. Weilidai has clear regulations on repayment that is one day overdue. If the borrower can successfully repay before 24:00 the day after the repayment date, personal credit will not be affected. In addition, for friends who successfully repay the loan the next day, Weilidai does not need to pay penalty interest, and only needs to pay one more day of normal loan interest. It can be seen that repaying a Weili loan one day late is not considered overdue.

3. Opening conditions of Weilidai:

1. Increase activity level

If you want to open Weilidai, you must first be a heavy user of WeChat payment, and often Using WeChat to pay for purchases can quickly and effectively improve your overall score.

2. Real-name authentication

If WeChat binds a bank card, WeChat’s trust in your account will also increase. After binding a bank card, small loan loans can also be transferred to the bank card faster.

3. Excellent credit

Personal credit information has a great impact on individuals in the credit society. If you can maintain an excellent personal credit record, it will not only be effective for the opening and disbursement of small loans, but also effective for bank loan applications.

4. Features of Weilidai

As an Internet banking loan product launched by WeBank, “Weizhongdai” has the following characteristics:

(1) No guarantee and unsecured;

Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages. It is difficult for individual users who cannot provide guarantees or have no fixed assets in their names to obtain loans. "Micro loans" do not require mortgages and guarantees, nor do they require the submission of any paper materials, which can better meet the small financing needs of users with good credit.

(2) 7*24 hours service, the loan can be completed within 1 minute at the fastest; "Micro Loan" relies on strict risk management and control rules and a complete technical support system to provide 7*24 hours online services. These programs are convenient and effective. All processes are completed on the mobile phone, and the loan can be received in as little as 40 seconds.

(3) There is no handling fee for early repayment;

Most traditional financial institutions require users to repay on the repayment date. If the user wants to repay the loan early, he/she needs to apply for and pay the handling fee. In addition to regular default withholding and repayment, "Micro Loan" also supports users to settle loans at any time without charging any additional handling fees.

(Operating environment OPPO A93 V11.1 Weilidai V3.5.0) At what time on the repayment day of Weilidai will be deducted

Weilidai will be deducted between 0:00 and 12:00 on the repayment day , the first deduction will be made. If the deduction fails, a second deduction will be made from 17:00 to 21:00. In other words, users need to ensure that there is sufficient balance in the repayment bank card for repayment before 0:00 on the repayment date. And if the first deduction fails, you must prepare the repayment amount before 17:00 so that the system can make the deduction on the repayment date.

If you miss the above two deductions and still have not repaid after 24:00 on the repayment date, the user will be considered overdue. Overdue payment will not only result in a credit report, but will also incur overdue fees.

Conditions for opening Weili Loan

1. Increase activity level. If you want to open Weilidai, you must first be a heavy user of WeChat Pay. Frequently using WeChat to pay for purchases can quickly and effectively improve your overall score.

2. Real-name authentication.

If WeChat binds a bank card, WeChat's trust in your account will also increase. After binding the bank card, loans from Weilidai can be transferred to the bank card faster.

3. Excellent credit. Personal credit reporting has a great impact on individuals in the credit society. If you can maintain an excellent personal credit record, it will not only be miraculous for the opening of Weilidai and Jiebei, but also effective for bank loan applications.

How long does it take for Weilidai to be overdue?

Weilidai will be subject to a credit report if it is overdue for three days. Weilidai has a three-day grace period. If the user repays the debt within three days, If it is paid off, there will be no impact, but if it is not repaid after the grace period, the Weilidai system will upload the overdue record to the central bank's credit report, which will affect the borrower's credit report, and it will take five years to clear it, so Users who borrow money from Weilidai must repay their loans on time to avoid affecting their personal credit score.

How serious are the consequences of an overdue Weili loan?

The consequences of an overdue Weili loan are very serious. After Weilidai is overdue, Weilidai will leave an overdue record on the borrower's credit report. Moreover, after Weilidai is overdue, a certain amount of penalty interest will be charged every day until the borrower pays off, thereby increasing the applicant's debt. In addition, after Weilidai is overdue, Weilidai staff will collect money from the borrower through text messages, phone calls, etc., which will seriously affect the borrower's normal life.

After the Weilidai is overdue, it is very likely that Weilidai will be closed, and you will no longer be able to use Weilidai in the future. Therefore, when using Weilidai, you must repay your loan on time and maintain good credit, so that you can have the opportunity to use Weilidai all the time. Otherwise, you will not be eligible to use Weilidai. What time is the automatic deduction time for Weilidai?

0:00 to 12:00.

Weilidai will automatically deduct the first payment from 0:00 to 12:00 on the repayment day. If the deduction fails, first ensure that the balance of the bank card bound to Weilidai is sufficient. The bank will deduct the money again from 17:00 to 21:00.

If you have money to spend, the automatic deduction time is from 8 a.m. to 8 p.m. on the repayment date. The system will deduct the money from time to time. Youqianhua is Baidu's credit service product, which can meet the capital needs of daily consumption and turnover.

Since Weili Loan has a revolving limit and can be borrowed up to 20 times, if you currently have a loan, when you apply again, the first repayment date will span the most recent repayment date (including the current day) .