What does Suning’s arbitrary loan repayment period mean?

It is the grace period.

Suning Rensuei Loan has a grace period, and the grace period is 3 days. Repayment within the 3 days of the grace period will not affect your personal credit. However, if the debt is not paid off in time after the grace period, you will first receive a collection text message from the staff of Suning Renzhidai, and a certain amount of penalty interest will be incurred based on the number of overdue days. In addition, Suning Renzhidai will also take action against the overdue behavior. Reported to the central bank's credit reporting system, which will have an impact on personal credit reporting.

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1. Suning Financial Loans

1. Lenders

The loan products of Suning Financial are all provided by Suning Bank , Suning Consumer Finance and other financial institutions. 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 lending institutions of Suning Financial Loans are all legal.

2. Lending model

Suning Financial Loan adopts a pure credit loan model. The borrower only needs to provide ID card, bank card, mobile phone number, facial recognition information, etc. Lending methods comply with relevant regulations.

3. Borrowing fees

The borrowing fees of Suning Financial Loans are related to the actual situation of the borrower. Loan interest is generally calculated on a daily basis, and the daily interest rate is around 0.05%, that is, annualized The loan interest rate is 18.25%. Compared with the usury red line of 36% annual loan interest rate, the borrowing fees of Suning Financial Loans are in compliance with laws and regulations.

4. Collection methods

Judging from the current collection methods reported by netizens, Suning Financial’s loan collection process is relatively civilized, and there is almost no violent collection.

2. How to get a loan from Suning Consumer Finance

1. Wishful Loan

If you want to apply for a loan from Wishful Loan, you usually need these steps: Identity authentication - official review - activation completed - apply for a loan, the daily loan interest rate is as low as 0.02%, and new users can also receive interest-free coupons, which can be interest-free for up to 30 days.

Wilful Loan is an inclusive amount product with a relatively low loan threshold. The borrower applicant must be between 22 and 55 years old, have full capacity for civil conduct, be a mainland citizen, have good credit, and have no bad credit record. Serious negative information, with a source of income.

2. Yinzui Pay

Yiwu Pay is a personal consumption installment product of Suning Financial. With Yi Zui Pay, you can shop first and then repay. You can enjoy installments with 0 down payment, and the loan can be divided up to a maximum of To be repaid in 24 installments.

The application requirements are similar to those of Wishful Loan, except that the age requirements are slightly relaxed, and you only need to be over 18 years old. In 2022, how long does it take for Suning Rensui Loan to be overdue before calling the contact person

Generally, it is three months. Suning Financial will issue a lawyer's letter if it is three months overdue for Rensui Loan.

1. Once the overdue liquidated damages are overdue, the first person to suffer is your own wallet. If Suning's arbitrary payment is overdue, you will need to pay overdue liquidated damages. The specific calculation formula is: overdue liquidated damages = overdue principal of the loan × number of overdue days × 0.1%. Don't underestimate this small amount of money, it can add up to a lot of trouble for you. The small financial pressure makes it even more difficult to pay back.

2. After the frozen account of Suning Anyipay is overdue, in order to reduce losses, the account may be frozen. At that time, you will no longer be able to use Anyipay for consumption or cash withdrawal, and you can only repay the account. And if there are other loan products under Suning Consumer Finance, their use will also be affected.

3. Report to the credit report. We all know that Suning Pay will be required to report to the credit report. Once you are overdue, you will see the overdue record on the credit report within a month. In the future, if you want to take out a loan to buy a house, a car, or even go abroad, it will be greatly affected.

4. If Suning’s arbitrary payment is overdue after being called for collection, there will be customer service calls and text messages to notify you of repayment. If you refuse to repay, it is possible that the account will be outsourced to a collection company. At that time, you will face What's more, the collection is even more crazy. If the amount involved is huge, there is a risk of being sued. How long will it take for Suning Financial's self-willed loan to be overdue before I will be sued? I am already overdue for 40 days?

Generally, if a loan is overdue for more than 90 days, which is about three months, Suning Financial has the right to sue. However, it is not that Suning Financial will immediately file a lawsuit with the court as soon as the customer's willful loan is overdue for more than three months.

In fact, in reality, Suning Financial will not sue easily, but mainly urges customers to repay through text messages, phone calls, etc. Unless the customer refuses to pay after repeated reminders, is overdue for a long time, owes a large amount, and the platform cannot even contact anyone, then Suning Financial will most likely sue the customer and use legal means to urge the customer. The purpose of repayment.

If the customer has been paying off the debt bit by bit during the overdue process, and has answered the reminder calls well, then Suning Financial will usually not sue.

Of course, it is not good to continue to be overdue. Not only will there be more penalty interest, but the damage to personal credit will be more serious. Therefore, it is recommended that customers take the initiative to call if they are unable to pay off their debts for the time being. Suning Financial’s customer service will negotiate with you, explain your inability to repay, express your sincere intention to repay, and then try to apply for extending the repayment period and repaying the debt in installments. Suning Financial will consider it as appropriate.