First of all, answer the question of whether you can not repay the loan. If you don't repay the loan on time, there will be the following consequences:

1. Increase overdue liquidated damages: According to your situation, if you fail to repay the loan, you will have to pay the liquidated damages to 500 yuan the next day, and a higher liquidated damages may be added to your loan amount after it is overdue.

2. Affect your personal credit record: loans overdue will be recorded in your personal credit report, which will have a negative impact on your future application for loans, credit cards and other financial products.

3. Collection behavior: The lender may take collection measures, such as calling, texting, door-to-door collection or even entrusting a collection company to collect.

As for whether the loan interest rate is too high, I can't give a clear answer without knowing the loan interest rate in detail. However, you can verify the legitimacy and interest rate level of the lending institution in the following ways:

1. Check Ping An Pratt & Whitney I Loan official website or call customer service for loan related information.

2. Compare the loan interest rates of many financial institutions and understand the average market level to judge whether it is reasonable.

3. Cooperate with reputable financial institutions to ensure compliance with the statutory loan interest rate limit.

Extended data:

When making a loan, we should not only pay attention to the interest rate, but also pay attention to other related expenses, such as loan fees and insurance premiums. In addition, please be sure to read the terms of the contract carefully, and make a wise decision after you have a clear understanding of the expenses and repayment plan.

Summary:

If you don't repay on time, you may face overdue fines, damaged credit records and collection. In order to avoid unnecessary troubles, it is suggested that you communicate with the lending institution in time and repay the loan according to the agreed time. If you are in doubt about the loan interest rate, you can verify the information from official channels or consult professionals.

The above is the answer based on the information you provided. If you have any other questions, please continue to consult.