Penalty interest will be charged if it is overdue. From the overdue date, default interest will be charged at the agreed interest rate 150% every day until the payment is overdue. Your overdue record will be collected by the People's Bank of China, which will affect your credit record. Please cherish your credit and repay on time.

If there is money to spend, the overdue penalty interest will be paid together with next month's bill. If you want to repay the overdue penalty interest in this period, you must pay it back to the next period together. If we wait until the next issue, the interest will increase a lot according to the overdue time.

If you spend money according to the national regulatory regulations, the overdue records will be left on the credit report.

Extended data

For loans that are overdue or not used according to the purpose agreed in this contract, interest will be charged at the default interest rate from the date when they are used in loans overdue or not according to the purpose agreed in this contract until the loan principal and interest are fully paid off. For the interest that cannot be paid on time, compound interest shall be calculated at the penalty interest rate.

Article 207 of the Contract Law stipulates that "if the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations".

If you have money to spend on prepayment, the user can initiate prepayment or partial prepayment at any time except the borrowing day, and the interest is calculated according to the actual borrowing days.

If you have the money to prepay, there will be no prepayment fee, and the system will automatically calculate the interest of the user's loan until the same day.

The application requirements for spending money are as follows:

1. 18-55 years old (special quality users can relax the conditions);

2. The user's second-generation ID card and my debit card need to be provided during the application process;

3. The comprehensive score of quota application is determined by the system independently, and there are many factors such as strict risk control. If the user can't get the amount to spend temporarily, he can continue to pay attention to the product tips for a period of time to see if there is any change;

4. if you have money, go to check the credit. When applying, you need to agree to the authorization inquiry before you can operate the next step. When granting credit, users' credit information needs to be inquired.

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