The grace period is usually calculated from the day after the last repayment date of the loan. Grace period is an interest-free repayment period provided by the bank to borrowers who fail to repay on the last repayment date. Different banks have different grace periods. Users who have applied for the personal loan business of rural commercial banks are not overdue as long as they repay their loans within the prescribed grace period.

Naturally, if the borrower fails to repay the loan after the three-day grace period, it will generate interest and late fees. It should be noted that if the overdue period is long and there is no repayment for two consecutive times after the overdue period, the bank will upload the cardholder's overdue bad record to the credit information system, and the bad record will disappear after five years.