First, there is no online loan that cannot be repaid.
If the loan is not repaid, the first thing you will encounter is high interest and corresponding liquidated damages. If you don't want to get yourself into a loan quagmire, you'd better develop good repayment habits. If it is overdue, it will be much more difficult to apply for a credit card or loan in the future. Some people think that overdue online loans have no effect on their credit information. In fact, this idea is wrong. At present, there is an interconnected encryption system between the online lending platform and the central bank. On the online lending platform, there will also be a shared "blacklist" system, and your credit can be found out in minutes.
Second, legal liability may be involved in the case of overdue.
When we make online loans, we must choose legal online lending institutions, so as to protect our legitimate rights and interests. In addition, online loan repayment is actually impossible, because online loan is also a kind of lending behavior, and we generally need to sign an agreement. If you don't return it on purpose, you are likely to be subject to criminal punishment.
Third, the legal basis.
According to the provisions of the Civil Code, if there is no agreement on the payment of interest in the loan contract, it is deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free. It can be seen that as long as there is no loan contract between natural persons or the agreement on loan interest is not clear, it is regarded as no interest.
Article 667 of the Civil Code is a loan contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest. Article 668 A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.