Sihai network

Auction and loan: P2P bidding has been stopped by the platform in October

On November 14, it was announced that in order to actively respond to the spirit of "three falls" in supervision, the platform stopped P2P bidding in October. Therefore, the collection of new rainbow and other bidding tools cannot be re invested. In order to protect the rights and interests of users, the platform will terminate the automatic bidding service for some periods in advance according to the bidding conditions of new rainbow, old rainbow, monthly share and new rainbow plus.

The auction and loan side said that the early termination of the service will not delay the payment. If the service is terminated in advance, the interest will be calculated according to the interest rate after deduction according to the actual days of fund occupation, and the corresponding principal and interest will be paid to the lender's account in time. Please pay attention to the change of account fund in time.

Details are as follows:

1. Early maturity range: it shall be determined comprehensively according to the payment collection of the current instrument delivery target joined by the lender, subject to the actual situation.

2. Implementation date: November 14, 2019.

3. Execution reminder: on the day of payment collection, the platform will remind the due user by SMS.

4. Calculation of income: interest shall be calculated according to the interest rate after deduction according to the actual days of fund occupation.