Under normal circumstances, there will be SMS reminders when the formal loan is approved, and there will be SMS notifications after the next payment. However, different loan products are different. Some loans only send SMS after lending, and some loans only have SMS reminders after approval.

For some loan platforms, we must pay attention to the installment interest and overdue interest, because many platforms will have higher interest now. For example, you borrowed 5,000 yuan, but actually received 4,600 yuan. It is best not to borrow money in advance.