Hello, as long as you apply for a small loan and repay it on time, there is generally no risk, but overdue repayment will leave a stain on your credit record. A small amount of loans overdue will generate a penalty interest. The specific expense formula is as follows: overdue penalty interest = overdue principal * daily interest rate *50%* overdue days; Secondly, if the user is overdue, the micro-loan will report the overdue record to the central bank, and the user's personal credit record will be stained, which will affect future loan and credit card applications.
Micro-loan is the first online micro-credit revolving consumer loan product launched by Weizhong Bank, the first internet bank in China, for WeChat users and mobile QQ users. 20 15 was launched on mobile QQ in May and on WeChat in September. "Micro-loan" adopts the official invitation system. Invited users can see the "micro-loan" entrance in the "QQ wallet" of mobile QQ and "WeChat payment" of WeChat, and can get a loan amount of up to 200,000 yuan.
As an Internet banking loan product launched by Weizhong Bank, "micro-loan" has the following characteristics:
(1) Unsecured and unsecured;
Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages, and it is difficult for individual users who cannot provide guarantees or have no fixed assets under their names to obtain loans. "Micro-loan" does not need mortgage and guarantee, and does not need to submit any paper materials, which can better meet the micro-financing needs of users with good credit.
(2)7*24 hours service, the fastest 1 minute to complete the loan;
Relying on strict risk control rules and complete technical support system, "micro-loan" provides 7*24 hours online service, with convenient and efficient procedures. All processes are completed on mobile phones, and loans can be made in 40 seconds at the earliest.
(3) There is no handling fee for prepayment;
Most traditional financial institutions require users to repay on the repayment date. If the user wants to repay the loan in advance, he needs to apply and pay the handling fee. In addition to the regular default withholding repayment, "micro-loan" also supports users to settle loans at any time without charging any other additional formalities.
The repayment method is as follows:
1. Open WeChat, find the location of micro-loan service, and click Enter.
2. At the bottom of the micro-loan interface, find the option to pay off the loan in advance, and click Open.
3. Check the current repayment amount in the loan.
4. Select all the check boxes before borrowing, and then click Repayment.
5. Check whether the total repayment amount is correct, and then click OK below.
6. Enter the final stage of repayment, select the bank card to be repaid, and then enter the payment password. After the payment is successful, the remaining repayment is completed.