The new regulations clearly stipulate that the late payment fees generated by overdue credit cards should be changed into liquidated damages. On the one hand, interest can be avoided, and on the other hand, the repayment pressure of borrowers is relatively small. However, it should be noted that if the overdue time is too long, the liquidated damages will also be superimposed.

2. Stop repayment in installments.

When the online loan is overdue, the bank will evaluate the borrower's repayment ability. If the borrower has the ability and willingness to repay, then the subsequent repayment plan can be negotiated, and the longest installment length can reach five years and sixty installments.

How to negotiate repayment for overdue online loans?

After the online loan is overdue, the borrower needs to take the initiative to call the financial institution and then negotiate according to his overdue situation. You can take the initiative to contact customer service to negotiate repayment before the deadline, give a grace period or reduce interest, and you can make several phone calls. After loans overdue, we should first contact the loan platform.

In order to reduce overdue interest and repayment cost, borrowers need to negotiate with the platform to reach a repayment agreement as soon as possible. When negotiating repayment, you must be sincere. Explain that your arrears are not intentional and show your willingness to repay. It should be noted that when negotiating repayment with the online lending platform, you must be reasonable, pay attention to ways and means, and never ask for it blindly.