When the borrower fails to repay the education installment loan on the repayment date set by Xiaoheng Wallet, the consequences are quite obvious. Starting from overdue, the platform will start to calculate overdue interest, which means that you need to pay extra fees for the delay. More seriously, overdue repayment will be recorded in the credit report, which will have a negative impact on personal credit and may affect future loan application and credit evaluation.

as a convenient loan application, Xiaoheng Wallet's education installment loan is characterized in that the loan amount is specially used for education or training-related expenses. Once the loan is successful, users usually cannot cancel it. This service aims to support financial institutions to expand consumption staging business through technical means, enhance user experience and provide consumers with more convenient financial services. Xiaoheng wallet team has profound experience in consumer finance industry and deep understanding of scenario finance and Internet. They are committed to designing various products and providing quality services to meet the needs of consumers.

therefore, for users who fail to repay the loan on time, in addition to the increase in financial costs, they must also face possible damage to their credit records, which will have a potential impact on their personal financial reputation and future credit activities. Be sure to repay on time to avoid these adverse consequences.