The "general principles of loans" have corresponding provisions:

Article 71 Under any of the following circumstances, the lender will charge interest on part or all of the loan: if the circumstances are particularly serious, the lender shall stop paying the unused loan of the borrower and recover part or all of the loan in advance:

1. Failing to use the loan for the purpose specified in the loan contract.

Second, the use of loans for equity investment.

Third, engage in speculative business with loans in securities and futures.

Four, not according to the provisions of the loan contract to pay off the loan principal and interest.

Extended data

According to Article 11 of the General Rules for Loans, the loan term is:

The loan term shall be determined by the borrower and the borrower through consultation according to the borrower's production and operation cycle, repayment ability and the lender's capital supply ability, and shall be specified in the loan contract.

Generally, the term of self-operated loans shall not exceed 65,438+00 years, and those exceeding 65,438+00 years shall be reported to the People's Bank of China for the record.

The longest discount period of bill discount shall not exceed 6 months, from the discount date to the maturity date of the bill.

Article 14

Collection of loan interest:

Lenders and borrowers shall collect or pay interest on schedule according to the loan contract and relevant interest-bearing provisions of the People's Bank of China.

When the loan extension period and the original term reach the new interest rate term grade, the loan interest will be charged at the new term grade interest rate from the date of extension.

Penalty interest is charged for overdue loans according to regulations.

Article 16

Suspension, reduction, extension and interest-free of loans:

Except for the decision of the State Council, no unit or individual has the right to decide to stop, reduce, postpone and interest-free. The Lender shall specifically handle suspension, reduction, deferment and interest-free according to the decision of the State Council.

Refer to Baidu Encyclopedia-General Rules for Loans