What does online merchant loans overdue say?

Legal analysis: There are many online loans with relatively high amount, and most of them are large installment loans, and the amount is generally above 1 10,000 yuan. This kind of online loan is overdue, and it is ok to collect it at home, but don't be afraid, because this kind of online loan is a formal financial company, and the collection personnel are relatively civilized. Many times, verifying whether the borrower's address is true is just a formality. If the borrower is really unable to repay, it will not take some drastic collection measures.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 680 usury is prohibited and the loan interest rate shall not violate the relevant provisions of the state.

If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest.

If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.

Article 25 If the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people's court shall support it, except that the interest rate agreed by both parties exceeds four times the market quotation of one-year loan at the time of the establishment of the contract.

The "one-year loan market quotation" mentioned in the preceding paragraph refers to the one-year loan market quotation issued monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20th, 20th, 20th19th.