Micro-credit loans can be repaid in installments of 5,/kloc-0, 0 and 20 months. The repayment date is the lending date of your first loan, and the repayment date of every loan in the future will be this day. Among them, if your first loan occurs on the 29th, 30th and 3rd1day of the current month, the repayment date is 2 1 day of each month.

The extended data can only be opened after the user agrees to the authorization of China People's Bank for credit inquiry and loan-related agreements, and the usage record will be reported to the central bank's credit information system. In fact, like applying for credit cards and mortgages from other banks, the accepting bank will inquire about the credit records of the central bank without any negative impact.

The first repayment date of non-first loan will cross the latest repayment date (including today). For example, your current repayment date is 2 1 day per month. When you borrow again on 1 and 15, the first repayment date of your loan is February 2 1 day. If prepayment is required, it can be paid off the day after the loan is successful. The actual borrowing time can be as short as 1 day, and you only need to pay the interest of 1 day.

Reference: Baidu Encyclopedia-Microfinance