Take care of yourself.
The lending institution will urge you to receive the maturity loan according to law. According to the loan contract and guarantee contract (mortgage or pledge contract), the lending bank will sue the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of you and the loan guarantor, and sealing up the pledged property. After the judgment is made, the property will be enforced according to law (deducting deposits, auctioning collateral, etc.) to pay off the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest and penalty interest, as well as all litigation costs arising therefrom, and related expenses incurred when disposing of mortgaged (pledged) things.
2. Your credit will be affected, and personal loans will also be recorded as overdue loans in the national personal credit information consultation system. If the lending bank doesn't erase your records, you may not be able to get loans from all banks in the future, and your credit information will be blacklisted, which may restrict your travel, prevent you from flying and going abroad, and may not even buy train tickets in the future.
3. If you provide false information or false information when borrowing money, the lending institution may sue you for fraudulent loans. If fraudulent loans are true, you may be sentenced for fraud.
The Criminal Law Amendment (VI) has created new charges. One of Article 175 of the Criminal Law, "Whoever obtains loans, bill acceptance, letters of credit, letters of guarantee, etc. from banks or other financial institutions by deception, causing heavy losses to banks or other financial institutions or having other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and fined. "