1. The lending bank will collect the loan 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 (deposit deduction, collateral

Auction and so on. ).) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest, penalty interest, all litigation costs arising therefrom, and related expenses incurred when disposing of pledged property.

Your credit will be affected. If you take the company as the borrower, your company will be recorded in the national bank credit information system, and the loan in your personal name will also be recorded in the national personal credit information system for overdue loans. If the lending bank doesn't erase your records, you may not be able to get loans from all banks in the future.

3. If you are not maliciously defaulting on the bank loan and are able to pay the interest on the normal loan, I suggest you apply to the loan bank for an extension of the loan first, stating your willingness to repay, and there is no fact of repaying the loan for the time being, and there is no repayment plan in the future. Usually, the bank will help you.

4. The staff of the relevant legal department will contact the borrower to negotiate repayment. If the borrower still has no money to repay, the Ministry of Justice will go through judicial procedures and the court will file a case for trial. If the borrower applies for a mortgage loan, the court will auction the items mortgaged by the borrower to make up for the arrears.