Any loan product in the market has a loan cycle, and users need to repay on time or in advance. If you can't repay on time, your personal reputation and overdue fees will be affected. What punishment will Cat Credit loans overdue receive that day? How to repay?

Repayment method of Tmall Credit Loan:

Automatic repayment: Under normal circumstances, you only need to ensure that the balance of Alipay account is sufficient on the arrival date of each month, and the system will automatically deduct the amount to be returned in the current month from your Alipay without your manual operation.

Repay the loan in advance: According to your actual situation, you can also choose to repay the loan in advance. Just enter the prepayment page and enter the loan amount you want to repay, and you can complete the repayment operation. (Prepayment fee for credit loans with a credit period of 12 months: 2% of the prepayment principal during 1-9 (inclusive). A handling fee of 2% of the repayment principal is charged for the early repayment of credit loans with a credit period of 3 months)

What will happen to loans overdue Tmall Credit Repayment?

As a loan customer, according to the relevant stipulations in the loan contract you signed online, Alibaba will have the right to deal with the loan customer who fails to repay the loan on time, including but not limited to closing the account and restricting marketing activities.