The "general principles of loans" have corresponding provisions:
Article 32 The borrower shall repay the loan principal and interest in full and on time in accordance with the loan contract. The lender shall promptly issue a notice of overdue loan collection, and do a good job of overdue loan principal and interest collection.
Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or executed, it shall be urged to repay or bring a lawsuit.
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Laws and regulations related to the general principles of loans:
Article 38? The interest rate level and interest calculation and settlement method of interbank loans shall be determined by both borrowers and borrowers through consultation. In addition to interest, the lender has the right to charge the borrower a certain percentage of the commitment fee, and the collection method of the commitment fee shall be agreed by both the lender and the borrower.
Branches of the People's Bank of China should coordinate with local commercial banks, closely cooperate with local governments and relevant departments, help enterprises implement various conditions for closed operation, regularly check the situation of closed loans, strengthen supervision, and solve problems in implementation in a timely manner.
Thirty-ninth should follow the principles of closed accounting, purchase verification, full loan, special account management, preservation and appreciation, and profit sharing. In the whole process of enterprise procurement and production, funds can be closed, loan principal and interest can be returned on schedule, and enterprise production can be recycled.
Baidu encyclopedia-general rules for loans