How to repay the online business loan:

1. First try to negotiate for repayment.

Borrowers can take the initiative to find online merchant loan customer service and try to apply for negotiated repayment to see if the repayment period can be extended, the monthly repayment amount can be reduced, or they can apply to repay interest first and then repay the principal. Reduce current repayment pressure and reduce the negative impact of overdue credit inquiries.

2. Cash withdrawal and repayment.

If the borrower has a credit card, he or she can first use the credit card to advance cash to repay the outstanding loan amount of the online merchant, and then slowly repay the credit card.

3. Ask relatives and friends to borrow money and pay it back.

The most common method is naturally to ask relatives and friends to help tide over the difficulties. You can still borrow part of it more or less, so that you can get a certain amount of time to repay the loan. The funds can be turned over within a month.

4. Sell the property to repay the debt.

In exchange for a certain amount of repayment funds, the premise is that you have these assets in your name and mortgage the repayments yourself. It is better than being forced to repay by the court. You will always have to repay, and there is no need to go to court. This step.

Consequences:

1. Overdue records will be uploaded to the basic financial credit information database of the Credit Information Center of the People's Bank of China, which will have an adverse impact on credit.

2. Overdue repayment will be calculated and charged with penalty interest at 1.5 times the normal interest rate; the first thing you will encounter is high penalty interest. Some financial institutions also need to pay a sum of money on top of the penalty interest. Liquidated damages. These fees add up to a significant expense, so develop good repayment habits.

3. It will be collected and affect subsequent loans.

4. If you really do not have the ability to repay, you should negotiate with the lending institution to extend the repayment period or repay in installments.

5. If the lending institution fails to fulfill the court judgment during the performance period after winning the lawsuit in court, it will apply to the court for enforcement.

6. When accepting compulsory execution, the court will inquire about the properties, vehicles, securities and deposits in the name of the lender in accordance with the law.

7. If the lender has no property for execution and refuses to fulfill the effective judgment of the court, negative information such as overdue repayment will be recorded in the personal credit report and high consumption and entry and exit will be restricted. , and may even be subject to judicial detention.