Goose spending money does not support deferred repayment and negotiated repayment. If the borrower fails to repay in full and on time on the repayment date, it shall be deemed as overdue. Then, from the overdue date, the borrower needs to pay the overdue penalty interest on a daily basis until the debt is fully paid off. When calculating the overdue penalty interest, the overdue interest rate is 50% of the normal interest rate. The existence of overdue fees will increase the repayment pressure of borrowers and increase the borrowing cost.
Overdue repayment may also reduce Goose's evaluation of the borrower's expenditure, which may have a certain negative impact on Goose's subsequent increase in expenditure quota.
First, the meaning of gosling spending money
Goose Spend Money is a small consumer credit product launched by Weizhong Bank, the first Internet bank in China, in 20 19. Goose spending money is a bank loan product, which advocates reasonable borrowing and good faith performance.
Loan amount: according to the user's credit situation, the maximum amount is 50,000 yuan.
Loan interest rate: the annual interest rate is as low as 7.2% (simple interest), 1 day only needs 0.2 yuan.
Two, the loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when issuing loans.
It is mainly divided into three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank Offered Rate The determinants of bank loan interest are:
1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.
2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.
3. Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate must also consider price changes, securities returns, political factors and so on. However, some scholars believe that the upper limit of interest rate should be the marginal rate of return of funds. The factor that restricts the interest rate is regarded as the comparison between the profit growth rate of enterprises after borrowing bank loans and the loan interest rate. As long as the former is not lower than the latter, it is possible for enterprises to borrow money from banks.