Does it matter if the online loan is overdue for one day?

It is influential that online loans are overdue for one day. For example, online loans connected with PBOC credit information system will upload overdue records to PBOC credit information for one day, which will affect personal credit. Generally speaking, there are only one or two overdue loans. In this case, the bank will not refuse the loan, but the bank may raise the loan interest rate appropriately, and some banks will ask you to submit a personal guarantee.

1. Will the online loan be overdue by one day?

It is influential that online loans are overdue for one day. For example, online loans connected with PBOC credit information system will upload overdue records to PBOC credit information for one day, which will affect personal credit. The default interest of online loans is generally charged on a daily basis, and the default interest is charged for one day overdue, which affects the repayment amount. Moreover, there will be collection calls and text messages on the overdue day, which will also affect life and work.

Second, the difference between online loans and bank loans?

The main differences between online loans and bank loans are:

1, the process of bank loans is generally more complicated than online loans:

Although banks can apply for many loan products in official website and mobile banking, many loan businesses have to be handled at the counter of outlets. After the borrower submits the application form and related materials at the counter, the bank will review it; After the approval, we will inform the customer to sign the contract and go through the relevant procedures; Do not apply for a mortgage until the formalities are completed. Online loans, most of them are online applications. After the customer submits the application, the system will review it, and if it is approved, the loan will often be released immediately.

2. The audit basis of bank loans and online loans is different:

Bank loans measure the credit status of borrowers, mainly by reviewing their credit information; Online loans are usually based on big data and their own risk control (some are connected to the central bank's credit information system, which will examine customers' credit information).

3. Bank loans generally take longer than online loans:

Many bank loans take a few days, or even a week or two, from the time when the borrower applies to the loan. Online loans can be completed in about two or three days from application to lending, and some can be completed on the same day.