Does it matter if the ants borrow it and return it a day late? Grace period is just talk!

Alipay's most famous credit product is Ant Borrowing. With the loan repayment, daily interest, safety and reliability, these are the reasons why many borrowers choose it. However, although the network micro-loan is convenient, it should be repaid in time, otherwise the consequences will be serious. So is it still a problem for ants to borrow one day late? Ante, excuse me. Is there a grace period?

Specially consulted Alipay customer service on this issue, and the customer service answered this question. "

There is no grace period for borrowing, so it is not supported to apply for deferred repayment; It is recommended that you repay the loan on time to avoid the impact on your use due to overdue.

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It can be seen that ants must repay on time. If the repayment date is exceeded, the fine will be calculated on a daily basis from the second day even if it is overdue.

What's the latest repayment date? As long as the repayment is made before 24 o'clock on the final repayment date, it is the normal repayment time and not overdue. Repayment here means successful repayment. If the transfer is made at 24 o'clock, it will arrive the next day, which is also overdue. However, you can contact Alipay customer service to negotiate and provide transfer records, which may eliminate overdue records.

What's the impact of ants borrowing a day late to repay?

1. Overdue records will be recorded in Sesame Credit and uploaded to the basic database of financial credit information as required;

2. There will be a penalty interest rate that is multiple of the normal interest rate;

3. The system will automatically deduct money and collect it;

4. It will affect the use of subsequent borrowed products.

To sum up, borrowing by ants is considered as a conscience loan on the Internet, and the authority is difficult to open. Everyone should cherish their personal credit. Once the repayment is overdue, they can no longer apply for loans, and it will also affect the use of flower buds, which is really not worth it.