After the principal is paid, interest is also very important. The principal of the loan borrowed by the customer, the related interest and the overdue penalty interest all need to be repaid, and there is no situation that the principal can only be repaid if it cannot be repaid. However, if the customer purchased the flexible guarantee service package when Gitzo applied for a loan, he can apply for deferred repayment service when he is unable to pay. Although the interest cannot be reduced, it can also delay his repayment pressure to some extent. It should be noted that there is also a prerequisite for applying for deferred repayment service, that is, the customer must have repaid five installments in full and on time, and must apply at least fifteen days before the next repayment due date. If customers feel that the loan principal and interest are too much for them to bear, they can also try to contact Gitzo customer service to negotiate, explain their personal situation to Gitzo, provide relevant proof materials (such as unemployment certificate) that they are unable to repay, and then express their sincere repayment ideas. Gitzo will consider it as appropriate.

If repayment is made according to the contract, it will bear the following consequences:

I. Payment of default interest and liquidated damages

Once your Gitzo installment is overdue, you will face high penalty interest, and you will have to pay liquidated damages if you don't repay.

Second, it affects personal credit.

Because Gitzo is linked to the personal credit information system of the People's Bank of China, if it is not repaid in installments, it will be credited, which will seriously affect personal credit.

Third, facing the collection.

If you don't pay in installments, the first thing you will face is all kinds of telephone bombing. Gitzo will keep urging you to pay back, which will definitely have a great impact on your life and make your life unbearable.

Fourth, bear legal responsibility.

If you keep refusing to repay, Gitzo will go through legal procedures and even sue you. If the circumstances are serious, you must bear legal responsibility. If you refuse to repay the loan all the time, Gitzo will also report it to the court. Once you enter the list of untrustworthy people, not only will your future loans and cards be affected, but your relatives and friends will also be implicated.