1. Late payment will be charged: during the loan process, if you are in loans overdue, the general bank will start to put your name on the overdue list and start to charge you for late payment at the stipulated interest rate.

2. If you exceed a certain amount, you will be sued for a certain period of time: if the borrower does not want to repay the principal, including the late payment fee, the bank will take legal procedures, that is, submit your loan contract to the judicial court to sue you, and then you will face a court summons to prepare for the lawsuit.

3. Credit record stain: China's personal credit information system has been established for a short time. At present, the main impact is the loan between individuals and financial institutions, that is, after the credit record is stained, it will be very troublesome to apply for a credit card or bank loan, or it will bear high interest or it will not be approved at all.

4. The collateral will be sold by the bank: if the borrower of the mortgage loan defaults, the lending bank has the right to stop issuing the loan, claim to recover the paid loan principal and interest, or terminate the contract, and ask the borrower to bear the liability for breach of contract, and the collateral bank can sell it to offset the debt.