If you do not repay the loan, your mortgaged car and house will be taken away.

1. Sunshine Insurance Loan will use the policy as collateral. If the user cannot repay on time, then when the total of the unpaid principal and interest reaches the policy cash value of the insurance contract, The validity of the insurance contract will terminate, and the user will no longer be able to enjoy the protection of the insurance contract.

2. If the Sunshine Insurance loan is not repaid, corresponding overdue penalty interest will be incurred as the overdue time is extended. The longer the overdue time is, the greater the interest will be, which will increase the borrower’s liability. Repayment pressure.

3. Under normal circumstances, insurance loans are connected to the credit reporting system. Once the loan is not borrowed, it will still cause damage to the personal credit reporting. Overdue records will always be on the user's personal credit reporting report. It will still be retained for 5 years until the user fulfills his repayment obligations, which will also affect future applications for loans and other credit products.