First of all, although there is not enough information to explain the situation that the loan has not been repaid for two years, according to the general situation, the borrower may face the following problems if he does not repay the loan:
1. Banks or peer-to-peer lending platforms can recover debts from borrowers through legal channels, including court prosecution and application for enforcement.
2. Debt may also affect personal credit records, making borrowers encounter difficulties in their future life and affairs, such as being unable to obtain other loans, renting a house, buying a car, etc.
Secondly, China law emphasizes the principle of respecting freedom of contract. When signing the loan contract, the borrower has confirmed to accept the loan voluntarily and promised to repay the loan according to the repayment time and amount agreed in the contract. So the debt can't be repaid.
In short, regardless of whether the eight online loans have been in arrears for two years, according to the laws of our country, the borrower should repay according to the repayment time and amount agreed in the contract. If you don't pay back the arrears, you may face legal prosecution and damage to your credit record. Therefore, the borrower is advised to repay in time to avoid unnecessary legal and credit risks.
Extended data:
According to Article 39 of People's Republic of China (PRC) Contract Law, the parties to a contract shall perform their obligations as agreed. If the borrower fails to repay the loan on time, the borrower has the right to require the borrower to fulfill the repayment obligation, and require the borrower to pay interest and liquidated damages.
According to Article 4 of the Provisions of the People's Bank of China on Several Issues Concerning the Application of Laws in the Trial of Contract Disputes, loan contracts belong to the category of special contracts and are subject to the provisions of the People's Republic of China (PRC) Contract Law. According to the relevant provisions of the Contract Law, when the borrower fails to repay the loan in accordance with the contract, the borrower has the right to bring a lawsuit to the court and request the court to order the borrower to perform the repayment obligation.
It should be noted that according to China's laws and regulations, the above is a general explanation, and the specific situation needs to be judged according to the specific contents of the contract and laws and regulations. It is suggested that borrowers communicate with creditors in time when they encounter repayment difficulties, and seek the opinions and guidance of relevant legal professionals.