1. If the loan cannot be repaid, the borrower can contact the banking institution 30 working days in advance and apply for deferred repayment to avoid overdue. II. Possible measures taken by the bank after the deadline: 1. If there is no repayment at one time, the bank will call and SMS to remind you to repay on time, which will also result in penalty interest. 2. If the loan is not repaid three times in a row, the bank account manager will collect it and the borrower will be penalized. 3. If the number of overdue repayments reaches six or more times, and the negotiation between the bank and the borrower fails, and the court decision is not fulfilled during the performance period, the bank will apply to the court for enforcement. 4. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law. 5. If the lender refuses to perform the effective judgment of the court because there is no executable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, which will restrict his high consumption and entry and exit, and may even lead to judicial custody. 6. The loan applicant is suspected of refusing to execute the judgment or ruling, if he has the ability to do so.
Legal basis:
Article 394 of the Civil Code of People's Republic of China (PRC) guarantees the performance of debts. If the debtor or a third party mortgages the property to the creditor without transferring the possession of the property, the debtor fails to perform the due debt or the creditor has the right to receive priority compensation for the property. The debtor or the third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property that provides guarantee is the mortgaged property.
Derivative problem:
How to mortgage the house in the bank 1, and submit the loan application to the bank: the content should explain the purpose, amount and term of the loan. 2. Submit loan information: If an individual applies for a house mortgage loan, he/she needs to provide the following information: the borrower's ID card, running water in the past six months, work certificate, credit report, house property certificate, etc. If an enterprise needs to mortgage the real estate, the materials it should provide include: business license, articles of association, capital verification report, purchase and sale contract, running water of the last six months, annual financial statements of the previous year, financial statements of the last six months, and proof of assets. 3. Housing evaluation: After all the above materials are handed in, the bank will conduct on-the-spot investigation and evaluation of the mortgaged property. 4. Loan approval: The housing appraisal company submits the appraisal report or opinion to the bank for approval. 5. Signing a loan contract: The borrower signs a loan contract with the lending institution, and all relevant documents, signatures and handprints are notarized by a notary. 6. Mortgage registration procedures: The bank shall go through the mortgage registration procedures at the real estate office with the house ownership certificate and notarized loan contract. 7. Bank lending: Due to different bank regulations, loans will be made to the cooperative merchant's account in the form of cash, punch card or remittance.