What if there is no automatic deduction on the repayment date of Xiaomi loan?

Xiaomi Loan will deduct your bound bank card on the repayment date. If there is no deduction on that day, please check whether the balance in the bank card is enough. In addition, in order to avoid overdue, please click "repayment plan" to repay manually.

The repayment date of Xiaomi loan is 10 every month, and the repayment date of the loan applied from 1 to 3 1 in the current month is 10 in the following month. If you want to repay, you only need to log in to Xiaomi Loan APP before 10 (inclusive) every month, then find "Repayment Plan" on the home page and click in to repay.

You can choose to repay on the repayment date, or you can repay in advance before the repayment date. Generally, the loan can be repaid in advance at any time after the loan is issued. As for interest, it is the day when you pay off your debt.

In addition, it should be noted that once the Xiaomi loan is overdue, the penalty interest will be calculated from the date of overdue, and the penalty interest rate is 0.5 times of the loan interest rate of 65438+. In addition to the penalty interest charged by the accountant, overdue repayment will also affect your personal credit.

Extended data

Effective ways to avoid loans overdue's repayment;

1. When signing a loan contract, you should read the terms clearly.

First of all, it depends on when the repayment date is every month, and then it is necessary to remember the repayment amount every month to ensure that the repayment situation is well known; Secondly, we should read the terms of liquidated damages carefully to see if the collection method of liquidated damages is within a reasonable range.

2. Automatic repayment of associated bank cards.

Many bank cards have the function of automatic repayment. You can associate your own salary card and let the system automatically deduct money. At the same time, the repayment time should not catch up with the repayment date, and it can be appropriately advanced by 2-3 days to avoid loans overdue caused by the delay in transfer.

3. If you really have no money to repay, you can apply for loan extension.

Banks are not cold-blooded institutions. If it is really difficult to repay, you can contact the bank to apply for loan extension 1 month in advance, which not only solves the immediate problem, but also avoids high penalty interest. The worst thing to do is to ignore it and ignore it. In the end, you will be unlucky.

Besides, if you find loans overdue, don't panic at this time. If it is 1-3 days, you can call the bank staff, explain the reasons clearly and repay the loan in time. Usually banks will set up a "time tolerance" mechanism to help you avoid overdue.

Consequences of loan default:

1, the credit record will be stained.

The management of personal credit records in China's personal credit information system is very strict, which mainly restricts the lending relationship between individuals and financial institutions. Therefore, once a credit loan defaults, it will tarnish the personal credit record, and then it is quite troublesome for the borrower to apply for a credit card or a bank loan, or it will bear quite high interest, or even the bank will not approve it directly.

2. The late payment fee for overdue repayment is higher.

If the credit is loans overdue, the lender will first collect the loan, put the borrower on the overdue list, and at the same time, the interest rate will rise as an overdue fine.

The intensity of late payment fees varies from lending institution to lending institution. For example, Citibank will charge 50% interest on the basis of the original interest rate, while Ping An Bank generally will not charge penalty interest unless it is maliciously overdue. However, small loan companies may charge more liquidated damages.

3. If the overdue amount exceeds a certain amount, legal procedures will be taken.

When the borrower of a credit loan resents overdue repayment or fails to repay it at all, the credit lending institution or bank will take legal proceedings against the borrower according to the credit loan contract signed at that time.

So remind everyone to have an accurate understanding of their repayment ability before handling the loan to avoid trouble. Once the credit loan is repaid on time, it is necessary to avoid affecting the personal credit record. Bad credit record is the loss of intangible assets, which can't be compensated by money.

Reference source: Baidu Encyclopedia-Loan

Baidu encyclopedia-overdue repayment

Baidu encyclopedia-Xiaomi finance