1. Contract: A loan contract is a legal document that both parties reach a loan agreement and stipulate the repayment period and method. Regardless of whether the loan is repaid or not, the borrower has the obligation to fulfill the repayment obligation in accordance with the contract.
2. Legal provisions: According to the relevant laws of our country, the borrower must repay the loan on time within the repayment period agreed in the contract. Even if the online lending platform is retired, the borrower still needs to abide by the law and fulfill the repayment obligation.
3. The influence of credit record: repayment ability and credit record are very important to personal financial life. Overdue repayment or refusal to repay may damage the borrower's credit record, and then affect his eligibility and interest rate for applying for financial services such as loans and credit cards in the future.
4. Legal recourse: The borrower's refusal to repay the arrears may lead to legal disputes. Creditors can recover debts through legal means including litigation, which will make borrowers face more legal risks and expenses.
To sum up, even if the loan is repaid, the borrower still needs to fulfill the repayment obligation. Abiding by contracts and laws can maintain personal credit records, avoid legal risks and maintain a good financial life.