Generally, when applying for a loan, banks will not make a loan immediately, but need to be audited, and some will not lend until they are approved. So, are the loan issuance date and repayment date one day? Let's take a look!

Are the loan issuance date and repayment date the same day?

Under normal circumstances, the loan issuance date is the repayment date, but there are still differences in some cases. For example, some loan products are applied at the end of the month, and the repayment date is not the loan issuance date. Customers still have to follow the notice of the lending institution.

Because most of them have signed automatic debit agreements and bound bank cards for repayment, customers actually only need to ensure that the funds in the repayment bank cards are sufficient.

After the loan application is successful, the customer still has to repay the loan in time as agreed. If the repayment date is missed, the customer may have to bear the following overdue responsibilities:

1, credit will be hurt.

2. It will be collected by the platform.

3. Penalty interest will be calculated.

4. The loan amount will be reduced.

5. The loan amount may be frozen.

6. Affect other loan applications.

7. Occupation is affected by credit information damage.

8. Will be blacklisted.

9. Affect children's further education.

10, unable to enjoy preferential loan policy.