Can the money owed by the online loan company not be paid?

Although the online lending platform has closed down, the debt relationship between borrowers and investors through the platform will not disappear. Investors still have the right to recover the loan. However, if the online lending platform goes bankrupt, it will be unable to continue to provide intermediary services, so some intermediary fees, service fees, excess interest and other parts that exceed the statutory annualized rate of 24% can be exempted.

Legal basis:

Article 674 of the Civil Code, the borrower shall pay interest within the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.

Article 675 of the Civil Code, the borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.

Article 676 of the Civil Code If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.

Article 677 of the Civil Code If the borrower prepays the loan, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan period.

Article 678 of the Civil Code: Before the repayment period expires, the borrower may apply to the lender for extension; If the lender agrees, it can be extended.

Article 679 of the Civil Law states that a loan contract between natural persons is established when the lender provides a loan.

Article 680 of the Civil Code prohibits high-interest lending, and the lending rate shall not violate the relevant provisions of the state.

If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest.

If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.