Reliable and a legitimate company.

Any formal loan platform established with the approval of the China Banking Regulatory Commission and holding a financial license will generally not charge any fees to customers before the loan funds are released to the account. Therefore, customers must not repay the money, otherwise they may easily fall into a loan scam. Maybe after repaying the money, the platform will not lend the money, but will directly "take the money and run away." Even if you take out a loan later, most of the money you paid before will not be refunded. In fact, it is equivalent to the platform charging “beheading interest”. It should also be noted that after applying for a new loan on other platforms, you still need to find a regular licensed consumer financial institution. Don’t borrow money from unknown small loan companies.

1. Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. A simple and popular understanding is borrowing money that requires interest. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development; at the same time, banks can also obtain loan interest income and increase their own accumulation.

2. Interest refers to the remuneration paid by the borrower to the lender for obtaining the right to use funds. It is the use price of capital (that is, the loaned principal) within a certain period of time. Loan interest can be calculated in detail through the loan interest calculator. In civil law, interest is the legal interest on principal. Overdue credit cards will have the following consequences:

1. Incurring overdue interest, late payment fees and other fees

If the credit card fails to repay after the interest-free period, it will no longer enjoy the interest-free rights. Pay interest, compound interest, late payment fees, handling fees and other fees, and the interest is calculated based on the consumption amount as the principal from the date of swiping the card. Generally, it is a daily interest of 0.05%, and compound interest is collected on a monthly basis.

2. Produce bad credit records

3. After overdue, personal credit reports will have bad credit records. For customers with bad credit records, the bank will handle future loans. Treat it with caution. Customers may be asked to provide mortgages and guarantees, the loan amount may be reduced, the loan interest rate may be increased, or the loan may even be refused.