Legal analysis: no, there will be interest if it is not overdue, how to stop. Stopping interest and hanging accounts is the result of dunning after generating interest and then negotiating with the bank. Your letter of credit is already dark at this time, so you'd better not go so far.

Legal basis: Article 7 of the Loan Management System of China Agricultural Development Bank shall meet the following basic conditions:

(a) seriously implement the national policy of purchasing and selling grain, cotton and oil, establish a brand and keep its promise;

(2) An enterprise legal person approved and registered by the administrative department for industry and commerce;

(3) Opening a basic deposit account in the Agricultural Development Bank, and at the same time opening special deposit accounts such as the purchase fund deposit account, the interest payable deposit account and the financial fund deposit account (hereinafter referred to as the "one-base, three-specialized" account, the same below), and using them according to regulations;

(4) Having a fixed business place;

(5) Providing true financial and statistical information to banks (hereinafter referred to as banks) in accordance with regulations, and accepting their credit management and supervision.

What should I do if I don't pay back the arrears? Can I stop paying the bill?

You can apply to the bank for suspension of payment. If you apply for a credit card to suspend payment, you need to prove that you are really unable to repay and negotiate a new repayment plan with the bank. Banks generally agree to stop paying. If it is other types of bank loans, it is difficult to apply for suspension of interest, because the interest rate of bank loans is at a normal level and customers are generally not allowed to pay less.

When applying for credit card suspension, users must clearly state the reasons for overdue; After clarifying the reasons for overdue, it is necessary to provide sufficient information support; At the same time, we should also show the bank our willingness to repay actively. If the cardholder has a good attitude, there is indeed a reason for the overdue situation, and the cardholder is unable to repay, then the bank may allow it.

However, if the cardholder has the repayment ability, the bank will generally not agree to stop paying interest; There are also cases where the overdue amount is only a few days and the overdue amount is not large, and the bank usually does not agree to stop paying interest.

If the bank loan cannot be repaid, in addition to applying for suspension of payment, you can also apply for negotiation to extend the repayment period and repay the arrears in installments, which can also alleviate the repayment pressure of customers. As long as the customer shows his personal situation to the bank when the negotiation is postponed, indicating that he is not interested in repaying the arrears and expressing his willingness to repay actively, the bank will usually consider it as appropriate.

If I can't repay the loan, can I apply to stop paying the principal?

If the loan cannot be repaid, the user can try to apply to stop paying the principal, but the success of the application depends on the reply given by the lending institution. In fact, repayment by stopping interest is also called negotiation repayment. Users can apply for negotiated repayment after the deadline. The contents of negotiated repayment are usually deferred repayment, interest reduction and penalty interest reduction. Article 671 of the Civil Code If the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses. If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.