The longest grace period for repayment of Geely Finance is 5 days. The borrower needs to pay off the debt within the prescribed time limit. If you don't pay back the arrears five days after the repayment date, it is overdue. Geely Automobile Finance has been fully connected to the credit information system of the People's Bank of China. Users' loans and repayments will be regarded as entities in personal credit report, so please cherish personal credit and repay on time. In addition, timely repayment helps to withdraw cash.

1. What happens when the car loan is overdue for one month?

Delaying the repayment of car loans for one month will affect personal credit records and generate overdue fees and interest. According to China's credit-related regulations, bad credit records will only appear if the loan or credit card is overdue for more than 3 times or more than 90 days, which will be automatically controlled by the system. If there is no money for only one month, the principal and interest of these two months will be paid off before the interest settlement date of next month. However, during the period from the interest settlement date of this month to the next interest settlement date, unpaid interest will generate penalty interest. According to the relevant regulations of China's credit investigation, bad records will only be generated if it is overdue for more than 90 days, and the overdue for more than 90 days will be automatically controlled by the system. If you have no money for only one month, you don't need to apply. Just pay off the interest for these two months before the interest settlement date of next month. However, during the period from the interest settlement date of this month to the next interest settlement date, unpaid interest will generate penalty interest.

Loan maturity date:

1 and 1 month, default interest will be incurred;

2, 1 month (more than 30 years), the bank will have SMS notification;

3. After more than 3 months (90 days), the bank will call or collect it at home;

4. The bank will bring a lawsuit to the court for more than 6 months, and the court summons will be sent to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court, the court will freeze the collateral originally mortgaged by the borrower to the bank and then auction it. The proceeds from the collateral auction will be used for repayment. If the auction proceeds are greater than the arrears (the amount that the borrower needs to pay = principal, interest, liquidated damages, late fees, prosecution fees, attorney fees, etc.). ), then the excess will be returned to the borrower. However, there is little extra money.

Second, the consequences of overdue repayment

Credit card overdue had better not exceed one week. Every bank has a grace period for repayment, usually at least 3 days. Everyone should pay in advance as far as possible according to the actual situation.

1, and bear the corresponding penalty interest;

2. Causing legal disputes;

3. Leave a "credit stain" in the national credit information system.

If the car loan is overdue for one month, there will be corresponding expenses and your credit history will also be affected. If it is overdue for many times or for a long time, it will produce bad records. The specific time and time are controlled by the system. It is suggested that car loan repayment and credit card loan should not be overdue and be repaid as soon as possible.

General car loans will be notified by the staff on the repayment date. Generally, after more than one month, the car will be forcibly detained and it needs to be punished according to the contract.