(1) If a student who borrows a national student loan fails to repay within the time limit and amount stipulated in the repayment agreement signed with the bank, the bank will charge a penalty interest for the amount of default repayment. (2) The handling bank will enter the default information into the basic database of personal credit information of the People's Bank of China for the national financial institutions to inquire according to law. Take compulsory measures against defaulting borrowers who maliciously default on loans and refuse to provide financial services such as housing loans and auto loans. (3) For borrowers who are seriously in arrears in repayment, the relevant administrative departments and banks will publish their names, citizen ID numbers, graduation schools and specific breach of contract through news media, internet and other information channels. (4) Lenders who seriously breach the contract will also bear relevant legal responsibilities.

Second, what are the consequences of mortgage default?

(1) If the borrower of the national student loan fails to comply with the repayment agreement signed with the bank, the bank will charge a penalty interest for the amount of repayment in default. (2) The handling bank will enter the default information into the basic database of personal credit information of the People's Bank of China for the national financial institutions to inquire according to law. Take compulsory measures against defaulting borrowers who maliciously default on loans and refuse to provide financial services such as housing loans and auto loans. (3) In case of continuous breach of contract, relevant administrative departments and banks will announce the name, citizen ID number, graduation school and specific lender of the defaulter through news media, internet and other information channels, and bear relevant legal responsibilities.

Third, what are the consequences of mortgage default?

Legal analysis: There are two consequences of mortgage default. One is that if the amount does not meet the criminal filing standard, the bank will enforce the lender's property through civil litigation. If it refuses to repay, the lender will be included in the list of untrustworthy people. The other is to meet the filing standards of criminal cases. Suspected of loan crimes, there will be criminal penalties of fines and imprisonment.

Legal basis: Article 193rd of the Criminal Law of People's Republic of China (PRC) is under any of the following circumstances. Whoever borrows a large amount from a bank or other financial institution for the purpose of illegal possession shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years, fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

(a) fabricating false reasons such as introducing funds and projects;

(two) the use of false economic contracts;

(3) using false documents;

(four) the use of false proof of property rights as a guarantee or repeated guarantee beyond the value of collateral;

(5) Loans in other ways.

4. What will happen to the mortgage of CITIC Bank?

The consequences are as follows:

1. overdue penalty interest. The overdue interest rate is 1.50 times the normal interest rate, and if the floating rate exceeds the benchmark interest rate 1.05 times, it will be enforced by CITIC Bank. The longer the overdue period, the more overdue interest the borrower has to pay.

Second, overdue mortgage loans. If the borrower fails to repay the loan within the time limit, CITIC Bank will keep the personal bad information of credit reporting institutions for 5 years from the date of termination of the bad behavior or event according to Article 16 of the Regulations on the Administration of Credit Reporting Industry in People's Republic of China (PRC); If it has been more than 5 years, it should be deleted. " Therefore, the overdue mortgage repayment of CITIC Bank will be reported one day, and the overdue record will be uploaded to the central bank for credit investigation, which will affect personal credit. In addition, the cumulative number of overdue repayments reaches 6 times, or the overdue time reaches 2 years, and the borrower's credit information will be affected.