1. The borrower's credit is affected. Because the bank pays more attention to the borrower's personal credit, if the loan is not repaid, the personal credit will be affected, which will directly affect the borrower's future loans.
2. Penalty interest will increase the repayment pressure in the future. If the borrower fails to repay the loan, there will be a penalty interest with the progress of time, which will increase the repayment pressure of the borrower.
3. If loans overdue is in a month or two, the bank will not sue immediately. Generally, the borrower will be called first to urge him to repay the loan. Otherwise, the bank will have a special person to communicate with the borrower.
4. If the communication fails, the borrower provides collateral as a mortgage loan, and it cannot be repaid after repeated dunning, and the collateral will be auctioned to repay the loan.
5, short-term overdue will not go to jail, if long-term non-repayment, the bank will sue. If the materials provided to the bank are untrue and are found out, the bank will bear criminal responsibility in principle.
Although the value of your loan is not high, if it is overdue, it will generate interest and late fees, which will also affect your credit history.
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The influence of Gitzo loans overdue
At present, Gitzo Consumer Finance Co., Ltd. has access to the basic database of financial credit information. If the repayment obligation is not fulfilled according to the consumer loan contract, the credit record will be fed back to the above credit information system.
For the loan contract whose activation date is after 2065438+2007 65438+February 29th, if the repayment obligation is not fulfilled as agreed in the loan contract, 50% penalty interest will be charged for the overdue part at the interest rate specified in the application form from the overdue date until all the arrears are paid off. If the loan interest rate is zero, the default interest rate shall be 0.067%.
Among them, for overdue interest and penalty interest, Gitzo Consumer Finance has the right to continue to compound interest at the corresponding penalty interest rate on a monthly basis until all arrears are paid off. For the loan contract whose activation date is before 20 17 12.29, overdue penalty will be charged, and the specific collection method will be subject to the terms of the consumer credit contract of the loan.
If the monthly payable amount of any loan is overdue for 90 days and not fully repaid, all loans will automatically expire ahead of schedule, and all funds under this contract shall be repaid immediately in one lump sum. In order to avoid unnecessary economic losses and pressures, adverse effects on credit records and possible legal risks, please repay the loan on time as agreed in the loan contract.
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Baidu Encyclopedia-Gitzo Consumer Finance in loans overdue-Frequently Asked Questions