The renovation of loans overdue will first affect the lender's credit information, and the bank will report the lender's overdue records to the credit information system, and then the bank will charge a penalty interest. As long as the overdue loan is not resolved, the penalty interest pressure will always exist, increasing the repayment pressure of the lender.

Loans overdue will have serious side effects in the future, so in order to avoid these situations, lenders must keep calm when using loans, give full consideration to personal benefits, and do not bring too much repayment pressure to the future.

Second, what are the consequences of not repaying the decoration loan in BOC?

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Your credit history will be affected first. Seriously overdue, it may be blacklisted by bank credit information. Secondly, the bank will have a special person to dunning, and in serious cases, the bank will do it.

Third, how will loans overdue be decorated?

Legal analysis: For ordinary borrowers, overdue will have a certain negative impact. The essence of overdue loan is that the borrower fails to repay the loan according to the loan contract. Specifically, when the loan expires, the borrower fails to repay the loan principal and interest to the lender such as the bank/financial institution that issued the loan according to the loan term agreed in the loan contract, and fails to go through the relevant extension or lending procedures, resulting in the loan exceeding the agreed term.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.

Article 674 The borrower shall pay interest at 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 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.

4. What will happen to the decoration of loans overdue?

Legal analysis: For ordinary borrowers, overdue will have a certain negative impact. The essence of overdue loan is that the borrower fails to repay the loan according to the loan contract. Specifically, when the loan expires, the borrower fails to repay the loan principal and interest to the lender such as the bank/financial institution that issued the loan according to the loan term agreed in the loan contract, and fails to go through the relevant extension or lending procedures, resulting in the loan exceeding the agreed term.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.

Article 674 The borrower shall pay interest at 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 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.