Legal analysis: If it is not repaid in time, it will be recorded in the credit information system.

legal basis: article 667 of the civil code of the people's Republic of China

a loan contract is a contract in which the borrower borrows money from the lender, returns the loan at maturity and pays interest.

article 668 a loan contract shall be in written form, unless it is otherwise agreed between natural persons to borrow money.

the contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

article 669 when concluding a loan contract, the borrower shall provide the true information about the business activities and financial status related to the loan as required by the lender.