The consequences of non-repayment of bank loans:

1. The borrower’s credit is affected. Since banks attach great importance to the borrower's personal credit, if the loan is not repaid, the personal credit will be affected, which will directly affect the borrower's future loans.

2. Penalty interest will increase the pressure of repayment in the future. If the borrower fails to repay the loan, penalty interest will be incurred as time goes by, which will increase the borrower's repayment pressure.

3. If the loan is overdue for one or two months, the bank will not sue immediately. Usually, it will call the borrower to urge the borrower to repay. If that fails, a dedicated person from the bank will come forward to communicate and discuss with the borrower. .

4. If the communication is invalid, if the borrower has provided collateral as collateral for the loan and cannot repay the loan after repeated calls, the collateral will be auctioned and used to repay the loan.

Bank loan refers to an economic behavior in which a bank lends funds to those in need of funds at a certain interest rate in accordance with national policies and agrees to return the funds within an agreed period. Generally, you are required to provide a guarantee, a house mortgage, or proof of income, and have a good personal credit report before you can apply.

Moreover, in different countries and in different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan limits, working capital loans, standby loan commitments, project loans, etc., while industrial and commercial loans in the United Kingdom mostly take the form of bill discounts, credit accounts, and overdraft accounts.

Loan Tips

Nowadays, more and more people born in the 1980s are taking out loans to buy houses and cars. Suddenly, the loan business provided by banks has become the "new favorite" of the times. However, it is still a bit difficult to successfully obtain a loan from a bank, and it is even more difficult to obtain a loan during certain periods. Below I will share with you a few tips for successful loans, hoping to help more people successfully obtain loans.

1. Reasons for borrowing: When applying for a loan, the lender should be candid and clear about the reasons for the loan, detailing the purpose of the loan and the personal advantages in repaying the loan. For example: good personal credit record.

2. Borrowing amount: The amount of the loan the lender applies for at the bank should not be too high, because the larger the amount, the higher the possibility of failure. However, this is not what the lender wants. They are sure You don’t want your loan funds to be disbursed within half a month. If the loan applied for by the lender is relatively large, it is recommended that you reduce the loan amount appropriately, so that your chances of passing the bank's review will be greatly increased.

3. Loan description: Fill in the application information in detail, including the purpose of the loan, personal credit record, source of income, repayment ability, family income, etc. To ensure that your loan can be repaid on time no matter when, where or what the situation is.

4. Loan repayment: After the borrower successfully applies for a loan, he must repay the loan within the specified time. Do not take chances and delay the repayment time, thereby causing a bad personal credit record. In addition, relevant departments will make every effort to recover loans that are in arrears.

Hong Kong loan characteristics

When branches of Hong Kong banks in mainland China accept applications for bank loans, they can issue RMB loans or Hong Kong dollar loans based on the requirements of the loan application;

< p>1. The annual interest rate of RMB loans is not more than 3% above and below the benchmark interest rate stipulated by the central bank. According to the current situation, it generally rises and can reach an annual loan interest rate of 7 to 9%. The term of the RMB loan is, Each commercial bank makes its own decision based on risk control requirements.

2. The annual interest rate of Hong Kong dollar loans is determined by the bank according to Hong Kong regulations. The annual loan interest rate is between three and four percent, and the loan interest rate is half lower than the RMB loan interest rate;

The difference between Hong Kong dollar loans and RMB loans. Calculated based on the same loan worth 1 million yuan, you can save 30,000-40,000 yuan in bank loan interest per year. It is a good choice for the majority of entrepreneurs.

Do you know how serious the consequences of not paying back the money you owe the bank are? _Tencent Finance_Tencent.com?Web link