The consequences of applying for student financial assistance to repay overdue loans are as follows:

1. If the borrower fails to repay the loan, the bank will charge a penalty interest according to the actual overdue amount and overdue days, and the penalty interest rate is130% of the normal loan interest rate;

2. The bank will publish the information of the defaulting students in the news media and online;

3. Overdue repayment will be included in the central bank's personal credit information system, which will affect future applications for mortgage, car loan and credit card.

Therefore, the borrower must remember to repay the loan on time after handling the student-origin student loan, otherwise it will bring him a lot of unnecessary trouble.

Repayment interest:

1, charging standard for overdue interest

After the loan student is overdue, default interest will be charged from the date when the principal is payable, and the default interest rate is 130% of the normal loan interest rate.

2, overdue repayment operation process

According to the student-origin credit loan policy, the borrower can repay the overdue loan every month except 1 1 month (no need to apply), and then deposit all the repayment amount (including default interest and principal and interest payable) into the repayment account before the 20th of each month, and the system will automatically deduct the money.

2. What should I do if the interest on the student loan is overdue for 9 consecutive periods?

The credit investigation of overdue loans at the meeting will affect future loan applications. What are the consequences of the loan money?

1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay by installments.

2. If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement.

3. When compulsory execution is accepted, the lender's property, vehicles, securities and deposits will be inquired according to law.

4. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

3. How can the students repay after their stay in loans overdue? ''

After the native students help loans overdue, the borrowing students should pay off their debts immediately, and at least make sure that the money is credited into the repayment account before the date of 15 next month, so that the system can complete the deduction and pay off the debts on the 20th of next month.

However, if the borrower fails to transfer the money into the repayment account before next month 15, the system will not be able to deduct the money on the 20th of next month, and it will be overdue for another month. Note that if the arrears cannot be paid off in time, there will be a lot of penalty interest and the credit damage will be more serious.

Four, how to repay the student loan, and the consequences of overdue repayment of student loans.

Yes1October application number1-10. If you apply later, it will be postponed until next month.

"Deduction Approval" may have entered the deduction step. Please make sure that there is enough money in your Alipay account to pay off the principal and interest. Just wait, and your money will be deducted in a few working days.