1. Impacting credit. When you apply for a loan, the loan contract stipulates both the loan principal and the loan interest. If the borrower only repays the loan principal, it constitutes a breach of contract. Since it is a breach of contract, it will affect personal credit and even stain the credit record. For people with bad credit, it is very difficult to apply for loans and credit cards in the future.
2. If Gitzo finds that the borrower has only returned the loan principal but not the loan interest, it will arrange the staff to collect it. Generally speaking, if the borrower does not pay off the remaining money, it is difficult to stop the collection.
3. The account is blocked. For those who only repay the principal but not the interest after handling the loan with Gitzo, the Gitzo account will be blocked. Everyone's Gitzo account can only repay from now on, but can't borrow money. Through the above content, I will introduce to you what will happen if Gitzo's principal is repaid with interest. Generally speaking, there will be no small trouble if the interest is repaid on the principal of Gitzo loan. Therefore, I suggest that you don't do this.
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