Zhaolian Finance has not paid interest for five years. Should I return it? brief introduction

Can Zhaolian Finance repay only the principal at one time if it is overdue for two years?

No, you have to pay interest.

Financial Application Zhaolian Finance has two major consumer financial product systems, namely "good loan" and "credit payment", providing users with universal consumer credit services with no guarantee and low interest. Zhaolian Finance has covered many consumption scenes such as shopping, tourism, education and decoration.

Zhaolian Finance: jointly initiated by China Merchants Bank and China Unicom, obtained the consumer finance license of China Banking Regulatory Commission; Provide cash lending and installment consumption services.

Zhaolian Finance does not need to pay back.

Will the recruitment of financial arrears have the following consequences:

First, bear high overdue fees. For overdue fees, different online lending platforms have different names and different charging standards. Whether it is called overdue penalty interest, overdue management fee or other various names, the charging standard is very high.

Second, facing the crisis of national trust. Now online lending platforms have established a blacklist system, and blacklist platforms have begun to communicate with each other. Borrowing on one platform is overdue, and it is very difficult to borrow on other platforms.

Third, the People's Bank of China is tainted.

Fourth, the defendant will go to court. If the loan is overdue for a long time or deliberately not repaid, it will be sued in court.

legal ground

Article 206 of the Contract Law stipulates that the borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 61 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time. (The Contract Law will expire on February 3, 20201).

According to Article 675 of the Civil Code, the borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time. (The effective time of the Civil Code is 202 1 1 1).

Zhaolian Consumer Finance Co., Ltd. (hereinafter referred to as "Zhaolian Finance") was established in March 2065438+2005. It is a licensed consumer finance company jointly funded by China Merchants Bank and China Unicom. Its registered address is in Qianhai, Shenzhen, with a registered capital of 1000 billion yuan.

Zhaolian Finance adheres to the guiding ideology of "Do not forget your initiative mind benefits endlessly" and the development concept of "inclusive mission, innovation drive, core competence and ultimate experience". It has two major consumer financial product systems, namely "good loan" and "credit payment", to provide users with unsecured and low-interest inclusive consumer credit services. Zhaolian Finance has comprehensively covered shopping, tourism, education, decoration and many other consumer scenes, serving tens of millions of customers and covering a vast area of the country.

What if Zhaolian Finance is unable to repay?

Zhaolian Finance cannot afford it. Users can choose to negotiate repayment with Zhaolian Finance. Users explain why they can't afford it, and it is best to submit relevant supporting materials to Zhaolian Finance for review. As long as the user expresses willingness to repay, Zhaolian Finance will generally agree to negotiate repayment after reviewing the information submitted by the user. Negotiating repayment can extend the repayment period and even reduce some interest.

When applying for a loan, users must apply for a loan according to their repayment ability, otherwise the risk of overdue is great.

First, the recruitment finance is overdue.

1, penalty interest. Overdue recruitment of financial services will result in penalty interest. If it is a multi-period consumption, and the user fails to pay it back within the time limit, Zhaolian Finance will make a daily withdrawal at the interest rate of 0.75‰ of the outstanding principal in the current period, and charge a late fee.

2. Produce bad credit information. Once the arrears of Zhaolian Finance are overdue, Zhaolian Finance will upload your overdue records to China People's Bank for credit investigation. Once the credit is overdue, you cannot apply for a loan.

3. collect. Once the recruitment finance is overdue, it will entrust a third-party collection company to carry out telephone collection, SMS collection and even violent collection. If the payment is overdue for a long time, the collector will contact your emergency contact or family, which will affect your personal life.

4. sue. If the borrower fails to repay the loan for a long time, Zhaolian Finance will apply for judicial proceedings, that is, take prosecution proceedings. Once the prosecution court is executed, you will be judged as a faithless person, and it is forbidden to take planes, high-speed trains, etc.