After passing the review of your loan, the disbursement usually takes about 3 days to arrive. If you don't pass the borrowing audit, then you still need to wait 1-4 working days, because that's how long it takes for you and me to lend. The reason why you my loan payment time is slow, because you my loan is not to own funds for borrowing, the applicant borrowed money are investors' money, need to investors to invest in the full standard before they will be released, if your standard is not full, then you my loan will not be able to give you the money.

Expanded information:

Online loan application conditions:

Applicants

Online loans will require applicants to be at least 18 years of age, with a full capacity for civil behavior, and many of them are not allowed to use their own money. online loans are not allowed for school students to apply.

Two, sesame credit

Online loans many are required to sesame credit authorization, so online loans need to applicants with good sesame credit, but the loan products are different, the standard requirements for sesame credit score is different. Generally need the applicant to reach about five or six hundred points.

Three, personal credit

Online loan some need to check credit, some do not check credit, but in general, still need the applicant's personal credit is good.

Four, other conditions

Online loans basically require a cell phone number and a bank card. Especially the cell phone number, online loans will require the applicant to have a real-name authenticated cell phone number that has been in use for more than 3 months or 6 months.

Of course, the conditions may vary from one online loan product to another, and the actual situation is subject to the display on the product page.

Online loans with late repayment will result in the following adverse consequences:

1. Penalty interest will start to accrue from the day of overdue until the customer pays it off in full. The penalty interest rate of many lending platforms will also increase compared to the borrowing rate, if the customer has been in arrears, I'm afraid there will be a lot of penalty interest, then the customer will have to pay more and more, the repayment pressure will also be more and more.

2. The lending platform will report the overdue situation to the big data, leaving a bad record in it. And some platforms or their cooperative lending institutions have access to the central bank credit, may also report the overdue situation to the central bank credit, leaving bad information in the customer's personal credit report, which leads to the customer's personal credit damaged.

3. The platform system is afraid that the customer's loan account will start the wind control, freezing the amount, so that the customer can no longer borrow. At the same time, because of the credit damage, so the customer to other lending institutions, platforms or banks to borrow will most likely be blocked, after all, the other party in the approval will also check the customer's credit status, once found that the problem, naturally, will be refused to grant loans.