Under normal circumstances, Alipay online business loans cannot apply for deferred repayment。MYbank does not support the user to defer repayment, as long as the repayment is not made on the repayment date, then MYbank will consider the user to be overdue.
If you wish to defer your repayment, it is recommended that you contact Alipay customer service or MYbank customer service directly to consult with them about the relevant policies and procedures. Usually, Alipay customer service will provide detailed information to tell you whether you can postpone the repayment and the specific operation steps.
Please note that there may be interest or fees involved in deferring payments, and it is recommended that you understand the fees and conditions when you contact customer service in order to make an informed decision.
The above information is for reference only, if necessary, it is recommended to consult Alipay's official customer service.
Late repayment records often have a negative impact on personal credit, and this also includes Alipay online merchant loans. Late payments can lead to the following impacts:
Credit Score Lowered:Late payments are recorded on credit bureaus' credit reports, which can lead to a lower credit score. Credit score is an important indicator for credit bureaus to evaluate an individual's credit status, and a decline in the score may affect the acquisition of credit products such as credit loans and credit cards in the future.
Impaired credit history:Overdue records are kept on credit reports for a period of time, causing an ongoing negative impact on an individual's credit history. Overdue records may remain in the report for a longer period of time even if the overdue amount is subsequently paid off.
Rising borrowing costs:A bad credit history can lead to an increase in interest rates on future loans or rejection when applying for certain credit products. Banks and other financial institutions usually consider the applicant's credit profile when evaluating loan applications, and overdue records are a negative factor.
Affect other credit activities:A bad credit history can affect more than just a loan, but can also have a negative impact on many other aspects such as credit cards, renting an apartment, applying for a job, and more.
In order to avoid the adverse impact of late repayment on personal credit, it is recommended to repay the loan on time during the loan term. If you are unable to repay the loan on time due to special reasons, it is best to contact the relevant financial institution before the overdue date and communicate with them as soon as possible to see if you can reach an appropriate repayment arrangement to reduce the impact of the overdue on your credit. Alipay (All the best!)）