If the loan owed to the bank is still unpaid, you can negotiate with the bank for installment or deferred repayment. If negotiation fails, the borrower can only raise funds to repay as soon as possible, otherwise the bank can sue the court and ask the court to order the debtor to repay within a reasonable period of time.

Article 676 of the Civil Code of People's Republic of China (PRC)

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 state regulations.

Article 678th of the Civil Code of People's Republic of China (PRC)

The borrower may apply to the lender for extension before the repayment period expires; If the lender agrees, it can be postponed.

Article 97 of the Civil Procedure Law of People's Republic of China (PRC)

If an agreement is reached through mediation, the people's court shall make a conciliation statement.

Article 120 of the Civil Procedure Law of People's Republic of China (PRC)

The prosecution shall submit a complaint to the people's court, and submit copies according to the number of defendants.

Article 236 of the Civil Procedure Law of People's Republic of China (PRC).

A legally effective civil judgment or ruling must be fulfilled by the parties concerned. If one party refuses to perform, the other party may apply to the people's court for execution, or the judge may transfer it to the person subjected to execution for execution.

Article 244 of the Civil Procedure Law of People's Republic of China (PRC).

If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to seal up, detain, freeze, auction or sell off the property that the person subjected to execution should perform. However, the necessities of life of the person subjected to execution and his dependents shall be retained.

What if the bank goes to loans overdue?

For most friends who borrow money to buy a house, they are worried about repaying the mortgage every month. I'm worried. What should I do if I don't repay my mortgage in time one day, or I have no money to repay my mortgage? What are the consequences? I sorted out the relevant consequences of mortgage default for everyone, hoping to help everyone! What if the loan is not paid back to the bank? First, take the initiative to negotiate with the bank. We all ... want to know more about what to do if the loan is not repaid. Let's take a look with China Travel. Bianxiao. com For most friends who buy a house with a loan, China Travel. Worried about paying off the mortgage every month. I'm worried. What should I do if I don't repay my mortgage in time one day, or I have no money to repay my mortgage? What are the consequences? I sorted out the relevant consequences of mortgage default for everyone, hoping to help everyone! What will happen if the loan is not paid to the bank? First, take the initiative to negotiate with the bank. As we all know, escape is not the solution to the problem. Many loan applicants are at a loss when the loan is not paid. In fact, in this case, we should immediately communicate with the lending institutions to solve it. It is a good solution to extend the loan term or reduce the repayment amount in each installment. Second, apply for temporary loans from small loan companies. At present, loan applicants will apply for loans from banks first, and microfinance companies have small customer groups and low quality. In order to expand their business, many small loan companies have launched temporary loan products. For most temporary loan products, the loan term will not be too long, and it will never exceed one year. For applications for temporary loan repayment purposes, it will generally not exceed three months. But it can also solve the urgent need for enterprises that urgently need to repay bank loans. What's the impact on house slaves? Consequence 1: There will be a penalty interest. If it is the first time overdue, the bank will inform and remind you to repay on time. If you fail to repay the loan three times in a row, the bank will start to urge you to repay the loan on time, and even send a reminder to Mo Qing. At the same time, a penalty interest of 30%-50% will be charged on the basis of the loan interest rate specified in your IOU contract until the principal and interest are paid off. Consequence 2: Affect normal life consumption Once the mortgage is sued by the bank, the borrower is likely to be blacklisted, which will seriously affect your future life and travel, and even affect your child's enrollment. Consequence 3: Bad personal record. Overdue mortgage repayment will leave a bad record on your credit report, which will be kept for five years. In these five years, it is basically impossible for borrowers to apply for loans from banks. Consequence 4: The house will be auctioned by the bank at a low price. If you really have no money to repay the loan, the bank has the right to auction your house, and the auction price is much lower than the original purchase price. If someone buys your house, the bank will deduct the principal and interest of the mortgage, and deduct the prepaid lawyer's fee, lawyer's fee, guarantee fee, court enforcement fee, etc. In the end, only a pitiful amount of money will reach you. Consequence 5: If the assets are insolvent, the bank has the right to recover the debt from you. If the house is still unable to repay the principal and interest of the bank loan after auction, the bank has the right to recover the debt from you, and you can't buy any real estate until the principal and interest owed to the bank are paid off. Method 1: If you just have no money to repay the loan temporarily, you can consider borrowing money from relatives and friends to repay the loan. Method 2: If you have no financial resources to repay the loan within a period of time due to job changes, you can actively cooperate with the bank for dunning, show your situation to the bank, apply for deferred repayment, and reduce the monthly repayment amount. Method 3: Apply to the bank to suspend the repayment of principal and only pay interest, which is acceptable to the general bank. Method 4: If you really don't have the money to repay the mortgage, you can transfer and sell the house with the consent of the bank, and the proceeds will be returned to the loan, and the new buyer will fulfill the repayment obligation.

What if the loan owed to the bank is not paid for the time being?

Legal analysis: No. If the bank can't pay the due loan, there are generally the following ways to deal with it:

1. Apply for deferred repayment: The borrower can take the initiative to negotiate with the bank staff on the loan maturity date, apply for deferred repayment, re-determine the repayment date, and then pay off the debt on the new repayment date.

2. Borrow money from relatives and friends: If the above methods fail, the borrower can borrow a sum of money from relatives and friends first, pay off the bank loan first, and then pay off the debt little by little.

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

Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.

Article 674 The borrower shall pay interest at the agreed time limit. Where the time limit for interest payment is not prescribed or clearly prescribed, and cannot be determined according to the provisions of Article 510 of this Law. If the loan term is less than one year, it shall be paid together with the loan repayment; If the loan term exceeds one year, it will be repaid once a year; If the remaining term is less than one year, it shall be paid together with the loan.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.