Online loans will also face consequences such as bearing overdue fees, being subjected to fancy collections by the platform, facing a crisis of trust, causing stains on personal credit reports, and being sued in court. According to Article 207 of the Contract Law, if the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant national regulations.

The consequences of not repaying the loan: 1. The lending institution will collect the due loan from you in accordance with the law. According to the loan contract and the guarantee contract (mortgage or pledge contract), the lending bank will sue the court. The court will take measures such as property preservation, including freezing the deposits in all bank accounts of you and the loan guarantor, seizing your mortgaged properties, etc. After the judgment is made, the property will be enforced in accordance with the law (withholding deposits, auctioning mortgages, etc.) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest and penalty interest, as well as all resulting litigation costs, related costs incurred when disposing of mortgage (pledge) properties and realizing them, etc. 2. Your credit will be affected, and loans in your personal name will also be recorded as overdue loans in the national personal credit consultation system. If the lending bank does not clear your record, you may not be able to get a loan from any bank in the future, your credit report will be blacklisted, you may be restricted from traveling, and you will not be allowed to fly or go abroad. You may not be able to take a train in the future. No tickets can be bought. 3. If you provide false information or provide false information when borrowing money, the lending institution may sue you for loan fraud. If the loan fraud is true, you may be sentenced for fraud.