The step of loan is that the individual must first prepare the materials needed for loan from the bank, generally including loan application, customer ID card, payroll, income certificate, marital status certificate and other materials to submit an application to the bank. After preparing the information, wait for the loan review and go through other legal procedures. In addition to the contract, there are other legal procedures to be handled, and finally you can wait to accept the bank loan.
What if the borrower doesn't pay back the online loan?
If the borrower does not repay the online loan, the online loan platform will take certain measures, such as penalty interest, which is relatively high. If you still don't pay it back, you will be sued by the online lending platform. After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.). ) to pay off debts.
If the borrower has the ability to repay but does not repay the online loan, he may be included in the list of untrustworthy people, and the court will impose credit punishment on him according to law.
I hope the above content can help you. If in doubt, please consult a professional lawyer.
Legal basis:
Article 196th of the Criminal Law of People's Republic of China (PRC)
Whoever commits credit card fraud in any of the following circumstances, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:
(a) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;
(2) Using an invalid credit card;
(3) Fraudulent use of another person's credit card;
(4) malicious overdraft.
The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Whoever steals a credit card and uses it shall be convicted and punished in accordance with the provisions of Article 264 of this Law.