As a popular micro-loan product launched by China Merchants Bank, e-loan can only be obtained by qualified users. However, after submitting the application, the user needs to repay the loan according to the agreement, otherwise, as long as there is overdue behavior, the user will bear the adverse consequences. So, what will happen to the overdue e-loan of China Merchants Bank? Will there be any bad consequences?

1, the credit information is tainted. After loans overdue, the bank will report the overdue situation of users to the credit information system, thus leaving a record of non-performing loans on the credit information, which will make it more difficult for users to carry out credit activities normally in the future. After the credit information is damaged, even if the user pays off the overdue debt, the overdue bad record will still be retained for 5 years, which will have a long-term impact on the user.

2. Being collected by the bank. As long as it is in loans overdue, banks will urge users to repay their loans by telephone or SMS. Under normal circumstances, banks will only collect money from users themselves and will not harass their relatives and friends.

3. There will be many overdue penalty interests. E After loans overdue, the bank will charge overdue penalty interest to users. Penalty interest will be charged on a daily basis, and the penalty interest for one day overdue will be much more than the normal loan interest. Therefore, the longer the user is overdue, the more penalty interest will be generated. In order to completely solve the problem of overdue debt, we should not only solve the loan principal and interest, but also solve the penalty interest expenses incurred during the overdue period.

4. The loan contract is terminated early. If the user is overdue for a long time and has no intention to settle the overdue debt as soon as possible, the bank will terminate the loan contract in advance according to the contract, requiring the user to settle the loan in advance, which will increase the repayment pressure of the user.

5. Malicious overdue will be prosecuted. Users clearly have the ability to repay, but they also deliberately default on their debts. At this time, in order to protect their own rights and interests, banks will choose to solve the debt problem of users through legal channels, thus suing users.

Therefore, as long as the e-loan is overdue, the consequences that users need to bear will be more serious. In order to avoid serious consequences, users are advised to maintain good loan behavior and repay in full and on time.