There is no grace period for repayment of Renren loan, and the borrower needs to repay on the repayment date, and there can be no overdue repayment. Renren loan can be repaid voluntarily or deducted automatically by the system. The latest time for automatic deduction is 18:00. When the system automatically deducts money, the borrower needs to ensure that the account balance is sufficient for successful deduction. If the deduction is unsuccessful, it will be overdue.

Renren Lending Business Consultant (Beijing) Co., Ltd., founded on 20 10, is a professional P2P platform in peer-to-peer lending, and a professional information intermediary service platform in peer-to-peer lending under Jin Fu. Now it has been officially connected to the basic database of financial credit information of the People's Bank of China (i.e. credit information system).

Everyone must repay the loan on time after use, and there can be no overdue repayment, because there will be penalty interest for overdue repayment, and the longer the time, the more penalty interest. Moreover, after overdue repayment, it will be uploaded to the credit information center. After personal credit information deteriorates, it will be impossible to continue borrowing, and other loans will also be affected.

Users should pay attention to interest expenses when applying for loans on Renren Loan. Excessive interest expenses will lead to personal repayment burden. When borrowing money, you must measure your repayment ability and know what kind of income to use. If your personal income is relatively small, you should handle the loan carefully.

Version information: Take Renren Loan Version 2.4, Apple13 (iOS15.4.1system) and Huawei mate40(HarmonyOS2 system) as examples.