Current location - Loan Platform Complete Network - Bank loan - Alipay's monthly repayment date is up, and I have no money to pay it back. What will happen?
Alipay's monthly repayment date is up, and I have no money to pay it back. What will happen?
Failure to repay on the repayment date of each month will cause overdue.

The impact of overdue loans is as follows:

1. Overdue records will be recorded in Sesame Credit and uploaded to the basic database of financial credit information as required;

2. There will be a penalty interest of 1.5 times the normal interest rate;

3. The system will automatically deduct money and collect it;

4. It will affect the use of subsequent borrowed products;