Generally speaking, if the borrower fails to repay the mortgage loan on time due to special reasons during the repayment process, Ping An Bank can negotiate with the bank to apply for deferred repayment. However, if the borrower is unable to repay the loan, it will have different consequences according to the severity of overdue.

First of all, once there is an overdue record, the borrower's personal credit will definitely be directly affected. General banks attach great importance to users' personal credit records. As long as the repayment is not made on time, personal credit will be affected, which will directly affect the borrower's handling of other credit business in the future.

In addition to affecting personal records, banks will also generate penalty interest. If the borrower fails to repay the loan, there will be a penalty interest with the progress of time, which will increase the repayment pressure of the borrower.

In loans overdue for a month or two, the bank will not sue immediately. Generally, it will call to urge the borrower to repay the loan first. If it fails, the bank will have a special person to communicate with the borrower.

After Ping An Bank fails to collect the loan, the bank will apply for auctioning the mortgaged vehicle to pay off the loan.

Ping An Bank, the full name of Ping An Bank Co., Ltd., is a cross-regional joint-stock commercial bank controlled by China Ping An Insurance (Group) Co., Ltd., and one of Chinese mainland 12 national joint-stock commercial banks. The registered capital is 565,438 yuan+23.35 million yuan and the total assets are nearly 65,438 yuan +0.37 trillion yuan. Its headquarters is located in Shenzhen, Guangdong Province.

China Ping An Insurance (Group) Co., Ltd. (hereinafter referred to as "China Ping An") and its holding subsidiaries hold about 2.684 billion shares of Ping An Bank, accounting for about 52.38%, and are the controlling shareholders of Ping An Bank. There are 34 branches in China and representative offices in Hongkong.

20 12, 1, Shenzhen Development Bank, the predecessor of Ping An Bank, acquired Shenzhen Ping An Bank, a subsidiary of Ping An Insurance Group. After the acquisition, SDB changed its name to New Ping An Bank, which officially opened. 2065438+On June 26th, 2009, eight banks including Ping An Bank launched the first batch of enterprise information networking verification systems.