Hello, I took out a loan from Ping An Puhui i-Loan. I didn’t pay it back for just one day, so I sent a text message to my family, and another text message said

Based on the information you provided, let me answer your question:

First answer the question of whether you can afford not to repay the loan. If you do not repay the loan on time, there will be the following consequences:

1. Increase overdue fines: According to the situation you mentioned, if you fail to repay the loan the next day, you will have to pay a penalty of 500 yuan, then a higher fine may be added to you after the overdue period. on the loan amount.

2. Impact on personal credit record: Loan overdue will be recorded in the personal credit report, which will have a negative impact on your future applications for loans, credit cards and other financial products.

3. Collection behavior: Lending institutions may take collection measures, such as calling, sending text messages, visiting to collect, or even entrusting a collection company to collect.

As for whether the loan interest rate is too high, I cannot give a clear answer without knowing the loan interest rate in detail. But you can verify the legality and interest rate level of the lending institution through the following methods:

1. Check the official website of Ping An Puhui i-Loan or call the customer service phone number to learn about loan-related information.

2. Compare loan interest rates from multiple financial institutions and understand the market average to determine whether it is reasonable.

3. Work with a reputable financial institution to ensure compliance with legal loan interest rate limits.

Extended information:

When taking a loan, in addition to paying attention to the interest rate, you also need to pay attention to other related fees, such as loan processing fees and insurance premiums. In addition, be sure to read the contract terms carefully and make an informed decision after having a clear understanding of the fees and repayment plans.

Summary:

If you don’t repay your loan on time, you may face overdue penalties, damage to your credit history, and collection actions. In order to avoid unnecessary trouble, it is recommended that you communicate with the lending institution in a timely manner and repay the loan according to the agreed time. If you have doubts about loan interest rates, you can verify information from official channels or seek professional advice.

The above is the answer based on the information you provided. If you have other questions, please feel free to continue to consult.