What should I do after loans overdue?

Most loans have no grace period, and the lender must pay back all the arrears of the current period before the end of 24 o'clock on the repayment date of each period. Once loans overdue, the lender will be charged a high penalty interest, and personal credit will also be affected. As long as the lender itself causes the overdue period, the lending institution will not cancel it. What the lender needs to do is to stop the loss in time. There are several ways to try:

1. Borrow money from relatives and friends. Work out how much you owe, and then borrow a little from each of your friends and relatives. Remember not to borrow a large sum of money from one person, which may not be possible. It's easy to succeed if you borrow less from more than one person. Of course, if parents have the ability to help better, they can borrow money directly from their parents.

2. sell the assets and realize them. Although many people don't have enough liquidity, they have many assets under their names, such as cars and houses, which can be sold and realized to repay loans. Although there are fewer assets, it is good to settle the loan as soon as possible.

3. Negotiate with the loan platform. If you can't borrow money and have no assets under your name, it is recommended to contact the loan platform to negotiate repayment actively to see if you can reduce interest or repay in installments. Usually, interest will not be calculated after successful negotiation, but it will be a little more difficult. It is best to provide proof that you are really unable to repay.

what should I do if I get a loan from the bank after the repayment date? One day overdue

Generally, banks have a grace period of three days. You can call the bank's customer service to ask.

There are three ways to query the repayment date of bank loans:

1. Check the loan agreement. Generally, there is an agreed repayment date in the loan agreement.

2. Call the customer service of the bank. You can inquire about the loan agreement by asking the customer service staff.

3. Go to a bank outlet. You can ask the teller the repayment date at the counter of the bank outlet.

Extended information:

Go to the lending institution for extension about one week before the loan expires. If the bank agrees, you can go through the extension procedures and extend the maturity date.

prepayment process of bank loans:

1. Understand the precautions for prepayment and pay attention to whether there is liquidated damages;

2. Make an appointment with ICBC to repay the loan, and ask what needs to be prepared and how to repay the loan in advance;

3. Bring relevant materials to ICBC outlets to apply for early repayment according to the appointment place;

4. Fill in and submit the Application Form for Early Repayment and other relevant materials, and deposit the amount of early repayment, that is, complete the whole repayment process.