2, overdue for more than 90 days, if the circumstances are serious, it can be regarded as malicious overdue, and bank collection may also cause life pressure for yourself and your family, affecting the normal life of individuals and families;
3. In terms of overdue fees, there will be some fees such as liquidated damages and penalty interest, which need to be collected according to the contract. Different institutions and different loan products charge different liquidated damages or penalty interests;
4. It has an impact on personal credit records, and bad credit records become obstacles to future loans such as mortgages and car loans and credit card processing;
5. If the loan has not been sued to the court, and the court still refuses to repay the loan after the execution of the judgment, you can report it to the Supreme People's Court and enter the "list of people who have been executed because of dishonesty", which is also commonly known as the "Lao Lai list", and it will be forbidden to travel by high-speed rail.
If you apply for loans overdue in the bank, but you can't afford the money, so that you can't pay off the money for a while, I suggest you contact the bank staff first to discuss whether you can reduce some interest or repay the principal first, and apply for an extension of the repayment period and repayment by installments. Banks usually have a three-day buffer period. In the meantime, keep your mobile phone open and the bank staff will contact you. You can take this opportunity to explain your situation to the bank staff and try to negotiate the repayment method of the remaining money with the bank. Generally speaking, you need to pay a certain percentage of late fees and handling fees, and then settle all bills within the grace period in the agreed way.
If the bank allows, the repayment pressure of customers will be alleviated in a short time. After that, you can discuss a new repayment plan with the bank, and then repay on time according to the new repayment plan.
Of course, banks generally don't agree easily, so when you negotiate, you must provide strong evidence that you didn't mean it, but you really didn't have the ability to repay in the near future. For example, if you are unemployed at home, you can provide an unemployment certificate; If you are hospitalized due to illness or accident, you can provide hospitalization documents and related medical documents. When negotiating, we should also pay attention to expressing the willingness to repay actively.
If the bank still refuses to postpone the repayment in the end, you can try to borrow money from relatives and friends, pay off the loan first, and then return the money to relatives and friends when the funds are sufficient. Remember not to support loans with loans, make a reasonable repayment plan, and never evade debts or other illegal and criminal things.