Repayment date: the repayment date is the corresponding date of the loan date, that is, the method of "repayment on the same day" is adopted, and the last day of the month without corresponding date is the repayment date;
Maturity date of repayment: all repayment methods must be the day before the corresponding date of the whole period, except the method of facilitating repayment of principal.
：
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.
The purpose of commercial banks' loan policy is to ensure the coordination of their business activities. Loan policy is the general principle guiding every loan decision.
The ideal loan policy can support banks to make correct loan decisions and help banks to operate; Secondly, it is to ensure the quality of bank loans. The correct credit policy can keep the bank's credit management at an ideal level, avoid excessive risks and properly choose business opportunities.
The start date of payment refers to the day when the loan is approved and the money is successfully received. Even if the loan starts, that is, the value date, interest will be calculated from this date, and the borrower will bear the repayment responsibility.
When is the specific start date? On the one hand, we can look at the payment time of the account, on the other hand, we can look at the loan agreement, which will stipulate when to start borrowing and when to borrow.
The payment due date is the day when you borrow money from your account or bank card. From that day on, the interest and repayment date will be officially calculated. Look at your loan term, for example, 1 month, 1 year, 3 years. If the loan is repaid in installments, 1 period = 1 month.
Loan process and time:
1. The bank's large loan review process is complicated, and it needs to go through application-investigation-credit granting-approval-signing-mortgage formalities-loan collection-lending. From application to loan, it may be several days, ten days or even months, and the last payment date = start date.
2. Most online loans can be lent quickly, and they will be successful in a few hours, so the application date = approval date = start date.
At present, many loans are repaid in advance with the loan, which does not mean that they can be repaid immediately on the same day. The institution will stipulate that repayment can only be made the next day or the next installment in advance, so the start date > repayment date is at least one day.