Legal basis: Article 32 of the General Principles of Loans: The borrower shall repay the loan principal and interest in full and on time in accordance with the loan contract.
The lender shall issue a notice of repayment of principal and interest to the borrower three weeks before the short-term loan expires and 1 month before the medium-and long-term loan expires; The borrower shall prepare funds in time and repay the principal and interest on schedule.
The Lender shall timely issue the overdue loan collection notice and do a good job in the collection of the loan principal and interest.
Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or executed, it shall be urged to repay or bring a lawsuit.
The borrower shall negotiate with the lender when repaying the loan in advance.