1. After the online loan is overdue, there will be a certain overdue fee, which is the penalty interest. The penalty interest rate will generally be higher than the loan interest rate. In this way, the longer the overdue time, the more interest paid and the greater the repayment pressure.
2. The credit of the lender will be damaged after the online loan is overdue for a certain period of time. If the lender accesses the central bank's credit information system, the lender's overdue situation will be reported to the central bank for credit information, which will affect personal credit information;
3. Because most of the big data on the Internet are the same, lenders will be hindered from making credit loans on other platforms after one platform is overdue.
If you need cash flow, it is recommended to use 360 IOUs, which is a personal loan platform under 360 Finance. 360 IOU was officially launched in September 2006+2065438. 360 IOUs are based on 360 big data, and then comprehensively evaluate users' credit. Finally, on this basis, provide users with instant consumer loans. The maximum loan amount is 200,000 yuan (click the official free loan amount), and the daily interest rate is as low as 0.03%. It has the characteristics of simple application, low interest rate, fast loan, flexible loan repayment, transparent interest rate and strong security. Tips: The above information is for reference only, and no loan suggestions are made. In the process of online lending, we must pay attention to preventing risks. In order to ensure the safety of funds and prevent routine loans, we suggest that you choose a formal bank or a formal loan platform based on your own judgment after fully understanding it, and borrow reasonably according to your actual situation.