Yes According to China's trip to official website. Com, the borrower's failure to repay the loan on time will lead to legal proceedings, which will lead the borrower to face legal proceedings and judgments and bear legal responsibilities. So after six years, the loan will still be repaid. Failure to repay on time will lead to serious damage to personal credit records, which will have a serious impact on the borrower's future financial activities such as credit loans, house purchase and car purchase, resulting in the inability to obtain loans.