Late repayment will incur late fees and interest, and affect your credit history. The late payment fee is 5 yuan for the unpaid portion of the minimum repayment amount, with a minimum of 5 yuan. The interest is calculated from the date of transaction entry, with a daily interest rate of 0.05% and compound interest calculated on a monthly basis.

After your credit record is damaged, it will affect your future handling of various loan businesses, and may even affect your work, going abroad, etc.