1。 Credit will be damaged, whether it is borrowed from banks or money from online lending platforms. If it is overdue, it will be much more difficult to apply for a credit card or loan in the future;
2, penalty interest and liquidated damages, if the loan is not repaid, then the first thing you encounter is high interest and corresponding liquidated damages;
3. Take charge of the fancy collection of the platform.
The formal channels of personal loans are as follows:
1, bank
Generally speaking, although other lending companies do not lend like banks, most lending companies borrow money from banks. The characteristics of regular bank loans are as follows:
(1) The formulation of the main terms of the loan only needs the consent of the bank, and does not need the approval of the national financial management institution, securities management institution and other departments.
(2) In the case of economic changes, if it is necessary to change the relevant terms of the agreement, the borrower and the lender can negotiate flexibly.
(3) Commercial credit is directly adjusted by the lender and the lender, which does not require a lot of publicity and advertising, nor does it require a lot of documents.
2. Microfinance companies
Compared with the cumbersome bank loan process, microfinance companies not only have low application threshold, but also have simple procedures.
The formal loan process includes the following links:
1, application
The borrower shall fill in the application form at the loan handling outlet with the following supporting documents: valid identity documents; Proof of marital status; Pledge and mortgage documents, if the guarantor provides guarantee, there must be guarantee documents.
2. Bank loan review
The bank investigates the borrower's guarantee, credit, etc. , according to the procedures for examination and approval, and notify the borrower of the examination and approval results.
Step 3 sign a contract
After applying for approval, the borrower shall go through the following procedures: signing a loan contract and corresponding guarantee contract with the bank, and going through notarization, insurance, mortgage (pledge) registration and other procedures.
Step 4 lend a loan
After the borrower completes the relevant formalities, China Merchants Bank will release the loan to the borrower's personal account and transfer the loan to the relevant payee's account according to the borrower's entrustment.
Legal basis: Article 17 of the General Rules for Loans.
The borrower shall be an enterprise (legal person), other economic organizations, individual industrial and commercial households or natural persons with full civil capacity registered in China with the approval of the administrative department for industry and commerce (or the competent authority). The borrower shall meet the following basic conditions when applying for a loan: the products are marketable, the production and operation are profitable, the credit funds have not been misappropriated, and the credit is strictly observed:
(a) has the ability to repay the principal and interest of the loan on schedule, and the original loan interest payable and the loan due have been paid off; If there is no repayment, a repayment plan approved by the lender has been made.
Two, except for natural persons and institutions that do not need the approval and registration of the industrial and commercial departments, the annual inspection procedures shall be handled by the industrial and commercial departments.
3. basic account or general deposit account has been opened.
Four, except for limited liability companies and joint stock limited companies stipulated by the State Council, the accumulated amount of overseas equity investment shall not exceed 50% of its total net assets.
Verb (abbreviation of verb) The borrower's asset-liability ratio meets the requirements of the lender.
Six, to apply for medium and long-term loans, the proportion of new project owners' equity in the total investment required by the project is not less than the proportion of investment project capital stipulated by the state.