Yes, there is no grace period for JD.COM gold bars. As long as they are overdue, the record of one day overdue will be uploaded to the credit information. If the repayment is made immediately one day overdue, it will have little impact on the credit investigation. In particular, users can apply for a non-malicious overdue certificate after paying off, which will have less adverse effects. In short, as long as the repayment is made as soon as possible and not often overdue, the impact on credit reporting is limited. Only continuous or frequent overdue, these overdue will have a very great adverse impact on credit information.

The influence of JD.COM gold bars overdue for one day;

1, additional penalty interest

The calculation formula is the current principal payable (all outstanding principal) * liquidated damages rate (0.06%)* days of default.

Number of periods: 1, 3, 6, 12, with overdue interest rate of 0.06%.

2. liquidated damages

There was an agreement before the JD.COM gold bar loan. If it fails to repay due to its breach of contract, it shall pay liquidated damages in proportion to the penalty interest.

3. Will it affect credit reporting?

JD.COM Gold Bar will not go to the People's Bank for credit investigation for the time being, so if the repayment is overdue, it only needs to pay extra handling fee and penalty interest, and will not leave a bad credit record. However, it will be more difficult to handle the business of Jingdong Finance in the future, such as JD.COM Baitiao, which will affect Xiaobai's credit score. Therefore, if the repayment is overdue, only the handling fee and penalty interest will be paid, and no bad credit record will be left. However, if you want to handle financial business in the future, such as JD.COM IOUs, it will be more difficult, which will affect Xiaobai's credit score. Gold bars will also seriously affect credit reporting. Because gold bars punish loans overdue severely, they will report loans overdue's information to the system as soon as possible. If the gold bars are not returned, it will leave a big stain on the credit information of the People's Bank of China.

The consequences of contaminated credit information are as follows:

(1) When applying for a mortgage or car loan from a bank, it will be polluted by credit.

Point and can't pass the loan review.

(2) People with tainted credit information may be rejected by the auction.

(3) The credit card limit will also be reduced. Another consequence of not paying back is that consumption will be restricted and the right to use loan products such as white bars and gold bars will be lost. If you don't return it, you may be taken to court.