First, there will be no penalty interest when it expires. According to the loan contract, it is generally 0-3 times the bank loan interest rate of 65438+ the same period.
2. If the online loan company accesses the central bank's credit information system, your overdue situation will be recorded in your bank credit information report, resulting in a bad credit record and difficulties in refinancing.
3. If the mortgage loan is handled by a small loan company, the small loan company may auction the collateral as debt repayment.
Second, online loans will not be prosecuted, but generally they will not go to jail. Online lending belongs to private lending, and the accident is a civil dispute and does not turn into a criminal case, so it is generally not going to jail. Some people who are large in amount and deliberately overdue for a long time may be prosecuted. If the lender wins the case, the court will force you to repay by mortgage such as RV and deposit. If the lender does not own these properties, the court will restrict the borrower's high consumption, living needs and entry and exit. If the borrower insists on default and doesn't pay back the money after running away, the court will investigate his criminal responsibility, that is to say, he will go to jail, but most people can't do this. Extended data
Article 198 of the Contract Law of People's Republic of China (PRC) stipulates that when concluding a loan contract, the lender may require the borrower to provide a guarantee. The guarantee shall comply with the provisions of the Guarantee Law of People's Republic of China (PRC).
3. Article 211 If the loan contract between natural persons does not stipulate or clearly stipulates the payment of interest, it shall be deemed that interest is not paid. If the loan contract between natural persons stipulates to pay interest, the loan interest rate shall not violate the relevant provisions of the state on limiting the loan interest rate. "Several Opinions on People's Courts' Trial of Lending Cases" Article 6 The interest rate of private lending may be appropriately higher than the bank's interest rate, and the local people's courts may specifically grasp it according to the actual situation in the region, but the maximum shall not exceed four times the bank's interest rate of similar loans (including interest rate clauses). Beyond this limit, the excess interest will not be protected.