What will happen if the online loan is not called?

If the online loan is not repaid, it may face the following consequences:

1, overdue penalty interest: according to the contract, overdue repayment will generate penalty interest, which is an extra fee calculated according to the loan amount and overdue days. The calculation method of penalty interest can be calculated on a daily basis or on a monthly basis, depending on the contract.

2. Credit record damage: overdue repayment will have a negative impact on personal credit record. This will make you face higher interest rates, stricter approval conditions and even rejection when applying for financial services such as loans and credit cards in the future.

3. Collection action: The borrower can take collection action, including telephone collection, SMS collection and door-to-door collection. They may ask you for repayment by constantly contacting you or your emergency contact.

4. Legal proceedings: If the borrower fails to repay or refuses to repay for a long time, the borrower can take legal proceedings to recover the debt. Once you enter the legal process, you may have to bear higher legal fees, and you may face the risk of property being sealed up, frozen or even auctioned.

To sum up, the failure of online loan dunning will also lead to overdue penalty interest, credit record damage, collection action and possible legal proceedings. Therefore, it is recommended that you repay the loan on time to avoid unnecessary consequences.

If you don't know your online loan application, I suggest you go to Lan Bing Data to get a big data report first. After checking your detailed loan records and confirming that the loan amount is correct, pay off all the arrears first, and then contact the customer service of the corresponding platform for processing. Through these steps, you can better manage your loan record.