Applying for a loan on the online lending platform has high interest, but it will be overdue if it is not paid back, and then the accountant will charge an overdue fee. The longer the overdue period, the more penalty interest to be paid, and the principal to be repaid, the greater the repayment pressure of customers.
Moreover, overdue will be recorded in big data or credit information, leaving bad credit information, damaging customers' personal credit and affecting customers' subsequent credit business. However, we should also note that if the interest rate is too high, we should worry about whether it is usury.
Extended data:
The online loan is introduced as follows:
For example, if the annual interest rate exceeds 36%, it is usury. For interest exceeding 36%, customers can choose not to pay it back. In case of usury, customers can also report the platform to the Internet Finance Association or the local CBRC.
Of course, you still have to pay the normal interest. After customers borrow money on the regular online lending platform, they should pay attention to developing the good habit of repaying on time to avoid overdue. If you really can't repay on time, you can contact the online loan platform to negotiate and see if you can postpone the repayment.
People's Network-Lending routines need to be cautious when borrowing money: one look, two understandings, and three traces.
People's Network-Watch out! "Routine Loan" is deep (online China)