If the loan is not repaid, the lending institution will take pains to urge the payment. Generally, if the loan is not paid once, the lending institution will call to remind you. For those who fail to repay for many times, the lending institution will call to remind them, or even make a door-to-door dunning. Secondly, the lender will impose penalties such as penalty interest on the borrower. Finally, the lender will sue the borrower.
After the online loan is overdue, there will be a certain overdue fee, which is the penalty interest. The penalty interest rate will generally be higher than the loan interest rate. In this way, the longer the overdue time, the more interest paid and the greater the repayment pressure.