No, there is no grace period for Bank of Communications to enjoy the loan. When using a loan, you must repay it on time. In the event of overdue repayment, there will be penalty interest and liquidated damages. Moreover, the loan and credit information system are networked. If the overdue records generated are uploaded to the credit information system, it will affect your future loan application and credit card application. Customers can use credit lines in most merchants who spend their daily lives, such as household appliances, high-end department stores, famous watches and jewelry, home decoration, furniture purchase, high-end banquets, travel and vacation, wedding photography, further training and education courses, etc.