Venture loan is a policy-oriented interest-free loan for special people, and it is a way of borrowing established by the government to encourage the borrowers to start their own businesses. For entrepreneurs themselves, it is interest-free, but for banks, it is interest-bearing, except that the state has introduced relevant policies to encourage entrepreneurship and promote employment, and the interest is subsidized by finance. Take the interest-free loan for college students' entrepreneurship as an example: the interest-free loan for college students' entrepreneurship is a preferential policy for college graduates who are interested in entrepreneurship. In order to encourage college students to start their own businesses and promote economic development, the interest on college students' loans is subsidized by local finance to banks.
First, venture loans are not up to standard and face the following results
1. The bank will take some collection methods. In the initial phone call, if the loan really can't clarify its actual situation to the bank, you can apply for an extension, which depends on different banking rules;
Note: Delay will be regarded as negative information in the credit statement, indicating that there is something wrong with your repayment ability, but it is still better than overdue.
2. Overdue for more than 90 days, if the circumstances are serious, can be regarded as intentional overdue, and bank collection may also cause life pressure for themselves and their families, affecting the normal life of individuals and families;
3. In terms of overdue charges, there will be some fees such as liquidated damages and penalty interest, which need to be collected in detail according to the contract. Different institutions and different loan products charge different liquidated damages or penalty interests;
4. It has an impact on personal credit records, and bad credit records become obstacles to future loans such as mortgages and car loans and credit card processing;
5. If you complain to the court because the loan has not been repaid, and the court still fails to repay the loan after the execution of the judgment, you can report it to the Supreme People's Court and enter it into the "list of people who have broken their promises", which is also commonly known as the "list of old people", and you will be stopped from traveling by plane or high-speed rail.
Second, what should I do if the college students' entrepreneurial loans are not repaid?
If the college students' business loan is not paid, the bank will issue a loan reminder notice. If you still don't pay back the money, you will go to court. The court will freeze the assets of the loan guarantor and seal up the collateral. Banks can repay loans by auctioning collateral.
Moreover, college students' entrepreneurial loans will not lead to bad personal credit, and it will be more difficult to handle other loan business in the future.