As a personal micro-credit product launched by the Microbank, it has been well received by users. Most of them, in the event of a shortage of funds, choose to meet their temporary financial needs through particulate lending. However, not all users were able to pay in full and on time, which raised concerns about the overpayment of particulate loans. So, how long before the loan expires? Are the consequences of the delay serious

How long before the loan is due? Are the consequences serious

FIRST, MICROPRIME LENDING IS A PERSONAL CREDIT PRODUCT DESIGNED BY MICROBANKS FOR MICRO-CREDIT AND QQQ USERS. AFTER THE USER BORROWS THROUGH THE GRANULE LOAN, REPAYMENT IS REQUIRED WITHIN A SPECIFIED TIME. FAILURE TO PAY ON TIME WOULD BE CONSIDERED TO BE OVERDUE, RESULTING IN LATE RECORDS BEING UPLOADED INTO THE SYSTEM. HOWEVER, THE EXACT TIME AT WHICH THE LETTER OF CALL IS DUE IS NOT OFFICIALLY SPECIFIED。

Microparticle lending does facilitate the lives of users, but delays in repayment can have a number of negative consequences:

1. ** Rate penalty**: After the delay, the system will charge 1.5 times the normal rate of interest on borrowings, and on a daily basis. As time lags increase, the penalty will accumulate。

2. **The personal credit is impaired**: the overdue records of the particulate loan will be duly uploaded into the letter system, and even if the overdue users have subsequently paid off all their arrears, the overdue records will be kept in the mail system for five years. This will have a negative impact on users' future loan applications, credit card approval, etc。

Therefore, in the face of overdue situations, users must take timely measures to address the problem in order to avoid more serious consequences. Loans should be applied for in a way that allows for a reasonable assessment of their needs and repayment capacity and avoids overconsumption that prevents timely repayment. In the process of use, it was important to maintain a good credit record and to avoid undesirable situations, such as delays, in order to preserve personal credit。