What will be the consequences of a micro-business loan being overdue for one day?

Hello, thank you for choosing Suning Bank WeChat Business Loan. Overdue penalties will be charged on a daily basis. At the same time, overdue records will be reported to the People's Bank of China for credit reporting, which will affect your credit record. If overdue payments occur frequently, your comprehensive credit level in Suning Bank will be lowered. It is recommended that everyone repay the loan in time and do not delay! If you are afraid of forgetting to repay on time, it is recommended that you enable the automatic repayment function on the Suning Bank app.