As an important form of modern finance, online loans not only provide convenience for people, but also bring repayment pressure to some people. In some cases, borrowers may experience difficulties in repayment, and it is important to consider how to apply for a deferment of repayment. This article will introduce the application process and precautions for deferred repayment of online loans in detail.
1. Confirm the terms of deferred repayment.
Before applying for a deferment of repayment, the borrower needs to confirm whether he or she is eligible for the deferment. Generally, borrowers need to meet one of the following conditions to apply for a deferment of repayment
1.Temporary inability to repay due to force majeure factors such as major illness and accidents.
2.The borrower has experienced serious financial difficulties during the repayment period, such as unemployment, significant decline in income, etc.
3.Borrowers have tried a variety of ways and still can't make their payments on time.
2. Contact the customer service of the online loan platform.
After confirming that you meet the conditions for deferred repayment, the borrower needs to contact the customer service of the online loan platform immediately. When contacting customer service, the borrower needs to explain his situation and inform the other party that he needs to apply for a deferral of repayment. During the communication process, the borrower needs to be honest and trustworthy, and provide detailed supporting materials as much as possible, such as proof of income, proof of unemployment, etc.
3. Submit application materials.
After contacting customer service, the borrower needs to submit relevant application materials according to the requirements of customer service. In general, the materials that need to be submitted include:
1.Proof of the borrower's identity.
2.Proof of the borrower's income.
3.The borrower's bank statement.
4.Proof of the borrower's company.
5.Other necessary supporting materials.
When submitting the materials, the borrower needs to guarantee the authenticity and completeness of the materials. If the materials are found to be untrue or incomplete, the online lending platform may reject the borrower's application. 4. After submitting the application materials after waiting for the review result, the borrower needs to wait for the review result of the online lending platform. Generally, the review period is 3-7 working days. If approved, the online lending platform will negotiate a new repayment plan with the borrower. If the review is not approved, the borrower needs to continue to repay according to the original repayment plan. 5. Precautions 1Try to avoid overdues: Although deferred payments can temporarily relieve borrowers' repayment stress, overdue records can affect a person's credit history and adversely affect future loan applications and credit card applications. Therefore, it is best to try to avoid overdues. 2.Maintain communication: During the application for deferment of repayment, the borrower needs to maintain communication with the customer service of the online loan platform, provide timely feedback on his/her situation and update relevant supporting materials. This increases the chances of getting your application approved. 3.Pay attention to the repayment plan: Once the online lending platform has approved and negotiated a new repayment plan, the borrower needs to carefully read and understand the content of the repayment plan. If you have any questions or problems, contact the online lending platform in time and ask for help. 4.Cherish your credit history: While deferring payments can temporarily relieve financial stress, it can also leave a mark on your credit history. Therefore, borrowers need to cherish their credit history and avoid frequent bad behaviors such as applying for deferred repayment or late repayment. 5.Financial planning: In order to avoid recurrence of repayment difficulties, borrowers need to make good financial planning and arrange their personal financial expenses reasonably to ensure that future repayment plans can be fulfilled on time. In short, the application process and precautions for deferred repayment of online loans need to be carefully understood and followed by borrowers. With proper communication and planning, it is possible to alleviate the financial pressure of the individual and maintain a good credit history to the greatest extent. If you need to postpone, please contact