Can Midea Finance postpone repayment? The consequences of overdue are terrible!

As an electrical appliance brand, Midea is well known, but did you know that Midea set foot in the financial field and began to build a brand-new comprehensive financial platform to provide loan services? Indeed, Midea Finance can provide employees with various loan services with a maximum amount of 5 million. But some friends can't afford it for a while after applying for a loan. Can they apply for deferred payment? Are the consequences of overdue serious? Answer your question.

Can Midea Finance apply for deferred repayment?

According to the official reply of Midea Finance, the loan application must be repaid in strict accordance with the contract, and it is not allowed to apply for deferred repayment. Therefore, when applying for a loan, you need to make a corresponding repayment plan.

Moreover, if Midea and its subsidiaries leave or change jobs, they need to settle the loan principal and interest in one lump sum and no longer enjoy the service of installment repayment.

What will happen to Midea's financial overdue?

If overdue, Midea Finance will charge a penalty interest on schedule, and from the date of overdue, it will charge a penalty interest at times of the current loan execution rate.

If the circumstances are serious, the loan will be recovered in advance, blacklisted by the United States, and even affect the work. At the same time, reporting to the credit bureau will have a great impact on your personal credit, and it will be difficult to borrow money in the future.

About "Can Midea Finance postpone repayment?" I gave you a detailed answer here, and also introduced the serious consequences of Midea's financial overdue, hoping to help you. I also remind you that when applying for a loan, you should make a repayment plan according to your own situation to avoid overdue credit.