1. Is the repayment overdue on the due repayment date? Not really. The due repayment date is designed to inform customers when to repay, so the repayment before 24: on the due repayment date is not overdue, and it is the current repayment. For example, if the due repayment date is June 6th, the repayment before 24: on June 6th is not overdue, but normal. In addition to the due repayment date, the billing date is also understood in the same way. If the billing date is June 1, then the billing cycle is May 1-May 31, June 1, and the consumption bill on June 1 is included in the bill payable in June.
2. Other explanations 1. If the repayment is not normal before 24: on the due repayment date, some lending institutions will not be considered overdue, because there may be a grace period of one day, allowing users to make up in time, such as the well-known micro-loan loan, the loan products on Tencent's WeChat, as long as the current arrears are paid off before 24: on the day after the due repayment date, it will not be overdue and will not affect the credit investigation. For example, the due repayment date of micro-loan is June 6, and if the repayment time before 24: on June 6 is missed, it can be made up before 24: on June 7. 2. If the repayment cannot be made normally before 24: on the due date, some lending institutions can provide deferred repayment or installment repayment service. After opening, even if there is no repayment on the due date, it is not overdue. For example, China Construction Bank's fast credit loan allows eligible customers to apply for repayment of the loan principal in installments of 6, 9 and 12 through mobile banking or online banking within 3 days before the loan expires, but they may have to pay a certain installment fee. The above is the relevant content about "Is the repayment overdue on the due repayment date?" I hope it can help everyone.