Consequences of not repaying online loans:

1. The debtor needs to pay high interest and corresponding liquidated damages.

2. The debtor's credit will be damaged, which will affect future credit card applications and loans.

3. If the online lending institution brings a lawsuit to the court for repayment, and the court decides that the borrower still refuses to implement it after repayment, it may apply for compulsory execution.

4. After the court decides to repay the loan, it refuses to pay it even if it has the ability. If the circumstances are serious, it constitutes a crime of refusing to execute the judgment or ruling, and the borrower shall be investigated for criminal responsibility.

legal ground

Article 22 of the Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases

Lenders and borrowers form a lending relationship through the online lending platform. The online lending platform provider only provides media services, and the people's court will not support it if the parties request it to assume the guarantee responsibility.

The people's court shall support the online loan platform provider who expressly provides a guarantee for the loan through websites, advertisements and other media or has other evidence to prove that the lender requests the online loan platform provider to assume the guarantee responsibility.