What will a small amount of loans overdue be like one day?

Micro-loans clearly stipulate that if the borrower can successfully repay the arrears before 24: 00 on the second day of repayment date, personal credit will not be affected. However, if you don't repay the loan after the grace period, you will not only be charged with penalty interest, but also be reported with credit history.

Micro-loan is a credit loan product jointly launched by Tencent and Weizhong Bank, which has high requirements for borrowers. Micro-loan has been using the invitation loan system since it was launched. Only qualified users can find the entrance of micro-loan on WeChat or mobile QQ. As a credit loan product, micro-credit has been docked with the central bank's credit information.

Micro-loans provide users with a loan amount of up to 200,000 yuan, and the platform will review it according to individual qualifications, and finally determine the loan amount and loan interest rate. After the micro-loan is successful, it must be repaid according to the provisions of the platform, because the micro-loan has been docked with the central bank's credit information, and overdue will affect the credit information.

Micro-loan customer service replied that micro-loan repayment has a two-day grace period, which means that repayment within the last two days of the micro-loan repayment date will not be regarded as overdue and will not be reported to the credit information platform. Wechat customer service said that two days after the repayment date is the billing date. If the micro-loan has not been repaid for more than two days, it will be reported to the credit bureau, and the penalty interest will be charged, and the amount of micro-loan will be appropriately reduced.