The 7-day loan term means that after the borrower applies for a loan, if the borrower agrees to release the loan and both parties sign a loan contract, the borrower will transfer the loan money to the account designated by the borrower within 7 days. This means that the borrower can get the loan money within 7 days after signing the loan contract.

The 7-day loan period is usually used for short-term loan products, such as micro-loans and consumption installment. This kind of loan products usually do not need collateral or guarantor, and the application conditions are more relaxed and the approval speed is faster. At the same time, due to the short loan period, the interest is relatively high.

If the borrower does not receive the money within the loan period, he needs to contact the lending institution in time to seek a solution. At the same time, the borrower needs to strictly abide by the repayment plan in the loan contract and repay on time. Otherwise, it will lead to overdue penalty interest, collection and other problems, which will adversely affect the borrower's credit record.