If you don't repay the loan, the bank may sue you, enforce all your property and reduce your credit limit. It will be difficult for you to borrow money in the future. I suggest that you should actively repay the loan. The basic conditions are as follows:

1. Legal identity;

2. Natural persons who have paid the housing provident fund in full and on time;

3. Have stable economic income, good credit and the ability to repay loans;

4. There are legal and effective purchase contracts, agreements and other documents required by the loan bank;

5. Ensure that the self-raised funds above 30% of the total price of the purchased house are used to pay the down payment of the purchased house.

6. There is an asset mortgage or pledge recognized by the loan bank, or (and) a legal person, other economic organization or natural person with sufficient compensation capacity as the guarantor;

7. Meet the loan conditions stipulated by the local provident fund management department;

8. Other conditions stipulated by the lending bank.

What are the procedures for buying a house loan?

1. Signed a house purchase contract with the developer.

At this time, it is necessary to check whether the developer has "five certificates": state-owned land use certificate, construction land planning permit, construction project planning permit, construction project construction permit and commercial housing sales (pre-sale) permit.

2. Pay the down payment and pay attention to keep the down payment receipt.

3. Go to the bank to fill in the application form for individual housing loan.