1, grace period is generally a time-tolerant service provided by banks to credit card holders. 360 IOUs as online loan products are generally not supported. The Borrower shall repay the current arrears on the repayment date of each month, no later than 24: 00 at night.
2. After the loan is successful, the system will calculate and charge interest according to the given loan interest rate from the date when the loan is issued to the account. The repayment page will show how much money is still paid each month. If the repayment date is less, it will also be considered overdue.
3.360 Default interest will be calculated after the overdue loan is overdue, which is 0.5 times of the normal loan interest rate of 65438+, and will not be collected on the day when the debt is paid off.
When people use the central bank's credit records, they will leave traces of inquiry, which is not good for lending friends, and most online loans are not credit-seeking, so they can't find specific online loan information when they are credit-seeking, but now they can learn their personal data through the data of "Xiaoqi Credit Information", and at the same time, they can learn more information about overdue online loans, application records, untrustworthy information, online loan blacklists and so on without leaving traces.
Extended data:
How long is the grace period for 360 IOUs?
The grace period of 360 IOUs is 0 days, because grace period service cannot be provided.
1, the grace period is generally the time-tolerant service provided by banks for credit cards, which is mostly 2~3 days, while online loans are basically absent. Grace period means that the minimum repayment amount of credit card is paid off within a period of time after repayment, and credit card repayment is not overdue.
2. Since there is no grace period for the 360 IOU, the borrower must pay off the current arrears before 24 o'clock on the repayment date. See the repayment page for the specific repayment amount. If the borrower has no money to repay himself, he must lend the repayment funds before the repayment date, otherwise he will not repay them within the time limit.
3.360 Overdue IOUs will be used for credit investigation, which will affect the borrower's subsequent credit business, and will also collect overdue fees from the borrower on a daily basis.