What platform is the loan?
With the help of continuous monitoring, encourage loans and intervene in time. In the process of lending, and the loan association has been monitoring the repayment behavior of borrowers. For those with good credit performance, they will be encouraged and given feedback by raising the quota and lowering the interest rate, so as to form a long-term good interaction with the borrower and urge the borrower to repay actively. In the actual lending process, the credit performance of individual industrial and commercial households and small and micro enterprise owners is often more prominent, and the lending rate is higher, which can continuously inject fresh water into production and operation.
The overdue repayment of the loan APP will not be reported to the Credit Bureau, but if it is overdue, there will be clear penalties. It is recommended not to be overdue. If the loan exceeds the term, the loan platform will not only charge a certain late fee, but also leave a bad credit record on the credit, which will seriously affect other projects borrowed in the future.