So, how long will the fast loan be overdue?
Generally speaking, after the fast loan is overdue, the lending institution will issue a collection notice at the first time to remind the borrower to repay the loan as soon as possible.
If the borrower fails to repay the loan on time after receiving the reminder notice, the lending institution will start to collect the loan.
Generally speaking, after the fast loan is overdue, the lender will collect it after 7 days, but some lenders will collect it after 3 days.
Therefore, the specific time may be different. The borrower should read the loan contract carefully and know the collection time of the lending institution.
In addition, the borrower should repay the loan in time to avoid being punished by the lending institution.
Generally speaking, the lending institution will charge overdue penalty interest and report the borrower's credit record to the credit institution, thus affecting the borrower's credit score.
In short, how long the fast loan is overdue may be different. The borrower should read the loan contract carefully, understand the collection time of the lending institution and repay the loan in time to avoid being punished by the lending institution.