How many days can a willful loan last?

What does Suning mean by willful ban on loans?

It's a grace period.

Suning's willful loan has a grace period of 3 days. Repayment within 3 days of grace period does not affect personal credit. However, if the arrears are not paid off in time after the grace period, you will first receive a text message from Suning's willful loan staff, which will generate a certain penalty interest according to the number of overdue days. In addition, Suning's willful loan will report overdue behavior to the central bank's credit information system, which will have an impact on personal credit information.

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I. Suning Financial Loan

1. Lending institution

The loan products in Suning Finance are provided by financial institutions such as Suning Bank and Suning Consumer Finance. Suning Bank is a private bank approved by the state. Suning Consumer Finance is a financial institution that has obtained a consumer finance license. Therefore, the lenders of Suning's financial loans are all legal.

2. Lending mode

Suning's financial loan adopts the pure credit loan mode, and the borrower can provide ID card, bank card, mobile phone number, face recognition information, etc. The loan method complies with relevant laws and regulations.

3. Borrowing costs

The borrowing cost of Suning's financial loan is related to the actual situation of the borrower. The loan interest is generally calculated on a daily basis, and the daily interest rate is about 0.05%, that is, the annualized loan interest rate is 18.25%. Compared with the usury red line with an annualized loan interest rate of 36%, the borrowing cost of Suning's financial loan is in compliance with laws and regulations.

4. Collection method

Judging from the current collection methods fed back by netizens, Suning's financial loans are relatively civilized in the collection process, and there is almost no violent collection.

Second, how to borrow Suning's consumer finance loans?

1, willful loan

If you want to apply for a willful loan, there are generally these steps: identity authentication-official review-completion of opening-application for a loan. The daily interest rate of the loan is at least 0.02%, and new users can get interest-free coupons for up to 30 days.

Self-willed loan is a product with inclusive credit, and the loan threshold is relatively low. The loan applicant must be at least 22-55 years old, have full capacity for civil conduct, be a mainland citizen, have a good credit record and no serious negative information, and have financial resources.

Step 2 Pay at will

Arbitrary payment is a personal consumption installment product of Suning Finance. For discretionary payment, you can purchase first and then repay, and you can enjoy installment with a down payment of 0. The loan can be divided into 24 installments at the longest.

The application requirements are similar to those of willful loans, but the age requirements are slightly relaxed, 18 years old is enough.

How long does Suning's willful loan overdue call?

Usually three months. If the willful loan is overdue for three months, Suning Finance will send a lawyer's letter.

1. Once the overdue penalty interest is overdue, your wallet will suffer first. If Suning's voluntary payment is overdue, it needs to pay overdue liquidated damages. The specific calculation formula is: overdue penalty = loans overdue principal × overdue days ×0. 1%. Don't underestimate this little money, it will also cause you great economic pressure, which is even more unbearable.

2. Frozen account After Suning's discretionary payment is overdue, it may be used by the frozen account in order to reduce losses. By then, consumption or withdrawal can no longer be paid at discretion, and only repayment can be made. And if there are other loan products under Suning's consumer finance, it will also affect the use.

3. Reporting Credit We all know that Suning's arbitrary payment is mandatory. Once overdue, overdue records can be seen in the credit report within one month. If you want to borrow money to buy a house and a car in the future, even going abroad will be greatly affected.

4. If Suning takes the initiative to repay overdue, there will be customer service calls and text messages to inform the repayment. If you refuse to repay, you may outsource this account to a collection company, and then you will face even crazier collection. If the amount involved is huge, there is a risk of being sued.

How long will Suning Financial wayward loans overdue be prosecuted? I am 40 days overdue.

Generally, if loans overdue lasts more than 90 days, that is, about three months, Suning Financial has the right to sue. However, it's not that the customer arbitrarily stays in loans overdue for more than three months, and Suning Financial will immediately file a lawsuit in court.

In fact, in actual operation, Suning Finance will not sue easily, mainly by sending text messages and making phone calls to urge customers to repay. Unless the customer has failed to repay the money after repeated dunning, and the amount owed is large, and the platform can't even be contacted, then Suning Finance is likely to sue the customer and take legal measures to urge the customer to repay the money.

If the customer has been paying back the money bit by bit during the overdue period and has properly answered the dunning call, then Suning Finance will generally not sue.

Of course, it is not good to be overdue all the time, which not only leads to more penalty interest, but also leads to more serious personal credit damage. Therefore, if customers can't pay off their debts for a while, they can take the initiative to call the customer service of Suning Finance to negotiate, explain that they will not be able to repay, express their sincere repayment ideas, and then try to apply for extending the repayment period and repaying by installments. Suning Finance will consider it as appropriate.