Yes

Once the borrower fails to repay the principal and interest on time, it is generally not the borrower's intention. After all, nobody wants to be a deadbeat. As long as the principal and interest cannot be repaid on time, we should actively contact the host rural commercial bank to explain the situation and difficulties. After verification by the other party, you will generally know something. In this case, we must actively coordinate with the rural commercial bank to avoid being sued, and we can return it by stages or apply for repayment of principal and interest.

In particular, it is necessary to explain to you that hanging interest does not mean that interest is not needed. Just a rural commercial bank. In order to relieve your repayment pressure, I will give you some time for the time being. When your business improves, you still have to pay it back. Rural commercial banks still have recourse to the remaining funds.