Legal analysis: the loan bank will collect your overdue loans according to law. According to the loan contract and guarantee contract (mortgage or pledge contract), the loan bank will bring a lawsuit to 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 repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, all litigation expenses arising therefrom, and related expenses incurred when the collateral (pledge) is realized. Your credit will be affected. If you take the company as the borrower, you will be credited to the national bank credit information system, and the loan in your personal name will also be credited to the national personal credit information system for overdue loans. If the loan bank doesn't erase your records, you may not get all the bank loans in the future, hehe. If you are not maliciously in arrears with the bank loan and are able to pay the interest on the normal loan, I suggest that you apply to the loan bank for loan extension first, and explain your willingness to repay, the fact that you have not repaid the loan for the time being and the plan for repayment in the future. Normally, the bank will help you.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 671 Where the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses. If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.