Micro-loan is a loan product launched by Weizhong Bank, which is controlled by Tencent. Since it is a bank loan product, if it is overdue, the bank will definitely report it according to the management requirements of the People's Bank of China on credit reporting. Is there a time difference in the management requirements of this report? Will micro-loan overdue for one day affect credit reporting?

1. Will one-day overdue micro-loan affect credit reporting?

Micro-loan online customer service has clearly stated that repayment before 24: 00 on the second day of repayment date is not overdue, which will neither affect the personal credit information of the People's Bank of China nor pay the penalty interest of overdue 1 day. For example, if the repayment date of the current period is February 20th, then the repayment can be made before 24: 00 on February 2nd1day, and it will have no impact.

Second, will micro-loans be overdue for two days?

Some people may ask, one day overdue won't have any effect. What if it is overdue for two days? Small loans overdue must be penalized at double interest rate for two days. As for whether it will affect the credit information, we can see that some netizens mentioned that ordinary banks will give a three-day grace period for overdue repayment, which may be due to overdue experience, or some banks did give a grace period, but we don't know, at least the period of micro-loans is only 1 day. I suggest that you still repay on time, and occasionally encounter some unreasonable reasons, it is best to repay on the second day of the repayment date.

The above is about whether micro-loans overdue for one day will affect credit reporting. If the microfinance is used well, it can increase the positive record of personal credit information. It won't make any difference if you are not careful about overdue for one day. Just don't dwell on these two days, it will be bad if it really affects your credit information.