At present, we need to pay a certain penalty interest for one day in loans overdue. Under the installment repayment method, the formula for calculating the penalty interest of 360 IOUs for one day overdue is: overdue penalty interest = 5% of the repayment amount in each installment+0.65438+0% of overdue principal ×1.
It is protected by law. If it is overdue, you'd better repay it as soon as possible. If not, it will leave a bad record, which will have an impact on buying a house and car in the future. If you really fail to repay the loan many times, you may be sued by 360, and if the court still fails to repay it, you may be included in the list of untrustworthy people.
The advantages of 360 IOUs focus on the large number of users, high activity, massive user credit data and behavior data, advanced Internet technology, convenient use experience and professional and high-quality team.
360 Group has more than 500 million PC users and more than 700 million smart phone users, and the user usage rate is high. According to third-party statistics, 360 ranks first in mobile security products, PC-side browsers by user usage time and Android mobile phone application market operation.
As an Internet security company, 360 takes data-driven security as its core competence; In the field of big data, it has a huge amount of user credit data and behavior data, outstanding talent reserve and technology accumulation, and has been recognized by international evaluation agencies for many times.
360 IOUs also actively use modern information technology on the Internet to combine advanced face recognition technology with big data approval model to enhance user experience. Without any complicated operation by customers, the face shooting and comparison process can be completed in 5 seconds, and the real identity of customers can be locked by combining the background face scoring application and other credit reporting methods, which can bring more efficient experience to customers.
At the same time, 360 IOUs have established strategic partnerships with a number of licensed financial institutions.
As one of the largest Internet security companies in China, 360 has a leading high-level security technology team in China. On this basis, it has introduced many senior talents who have been deeply involved in the financial industry for many years from large financial institutions such as Ping An, China Merchants Bank, Bank of Communications and Bank WeChat business.
Risk prevention and control
360 IOUs take multiple measures in terms of safety and risk prevention and control:
1) to establish a credit portrait of users, 360 IOUs to establish a credit information system based on sufficient social network data, which will sort out the credit behavior portrait of each user and rate the credit limit of users.
2) Establish a social behavior model, 360 build a credit score calculation system based on the user's social circle, and take the user's personal relationship as a credit rating reference.
3) Establish a white list and blacklist system to open a green channel for high-quality credit users, and on the other hand, provide inquiries for blacklisted users to prevent users from applying repeatedly, others from applying, providing false information, and preventing gang fraud.
4) Leading security technology, relying on 360 leading cloud security system, 360 borrows many technologies to protect users' data security, privacy security and account security.
5) Professional and high-quality team, 360 has a leading domestic high-level security technology team and a risk control team from large domestic financial institutions.