Legal analysis: General platforms have a guarantee period for overdue projects, ranging from a few days to dozens of days. During the guarantee period, the borrower will pay part of the overdue interest if it repays the loan. If the borrower fails to repay the loan within the guarantee period, the platform will purchase the creditor's rights and pay the borrower's principal and interest. Of course, the premise is to see how the borrower's target is agreed with the platform, which will be explained in the contract. General platform overdue rules, some platforms are responsible for collection, there will be penalty interest. If the overdue period exceeds a certain period, the platform will advance the principal. Of course, there are also platforms that do not advance, depending on how the loan candidate's platform promises.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, it cannot be determined in accordance with the provisions of Article 510 of this Law. If the loan term is less than one year, it shall be paid when the loan is returned. If the loan term is more than one year, it shall be paid at the end of each year. If the remaining term is less than one year, it will be repaid together with the loan.

Article 675 The borrower shall repay the loan within the agreed time limit. If there is no agreement or unclear agreement on the loan term, and it cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time, or may urge the borrower to return it within a reasonable period.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.