First of all, you, your friends and the bank are all related parties to this loan. You are the borrower, your friend is the mortgagor, and the bank is the lender and the mortgagee.

Secondly, if you don't pay, the bank will ask you to recover the arrears. If you don't make any response without sufficient reasons, you will be blacklisted in the personal credit record of the People's Bank of China. If you enter the blacklist, it may affect that you can't have any financial business relationship with any financial institution in the next few years or even more than ten years. With the gradual improvement of China's personal credit information system, these credit information records may directly affect your registered corporate, social security and other fields in the future.

Thirdly, if you don't pay the money, you really can't repay it, or it is malicious if you don't repay it. The last step of the bank was to auction the property as collateral at that time through the court. And in accordance with legal procedures and liquidation order, the auction money will be paid in turn. Therefore, your friend may suffer considerable economic losses.

Therefore, the ancients said that "it is not difficult to borrow again", cherish their credit status and cherish the sincere friendship of friends. It is wise to think twice about your repayment ability before lending, determine your loan amount and term, and repay the loan as scheduled after lending.