The consequences of not repaying the loan mainly include:

1. If the borrower fails to repay the loan, it needs to bear the liability for breach of contract, usually high penalty interest and liquidated damages;

2. Being collected by the loan platform;

3. If loans overdue hasn't paid off in 90 days, it can be mortgaged.

legal ground

Article 1 19 of the Civil Procedure Law

The following conditions must be met:

(1) The plaintiff is a citizen, legal person and other organization that has a direct interest in the case;

(2) Having a clear defendant;

(3) Having specific requests, facts and reasons;

(4) It belongs to the scope of civil litigation accepted by the people and the jurisdiction of the accused people.

Isn't there any consequence of the loan?

The consequences of not repaying the loan at maturity are as follows:

1. First of all, the loan will not generate bad credit records, which will affect other credit businesses in the future.

2. Lending institutions will charge overdue penalty interest and liquidated damages. The longer they are overdue, the more money they have to pay.

3. If the overdue period is long and the amount is large, loans can also be made by lending institutions. Those who still fail to repay the loan after the judgment will be included in the "list of people who have lost their trust" and cannot take high-speed trains or planes.

Extended data:

How can we negotiate successfully with the bank?

Users who want to negotiate with the bank for successful repayment must take the initiative to contact the bank after loans overdue to show that they are not maliciously overdue. After that, the user submits the repayment application through negotiation. During this period, it is best to submit some supporting materials, such as unemployment certificate, minimum living allowance, medical records of major cases, disability certificate, etc. , which can help users negotiate successfully.

The user is not maliciously overdue, and there are sufficient proof materials to prove that his repayment ability is insufficient. The bank will consider it as appropriate, and the probability of successful negotiation will increase. User loans overdue doesn't repay the loan, and subsequent banks need to deal with bad debts, so all losses need to be borne by banks. Users are willing to repay, but they just need to postpone the repayment time, and the bank will definitely be willing to give convenience.

Of course, users are often overdue or have been listed as risk customers by banks. At this time, it is highly probable that the application for repayment by agreement will fail. Even if the user is fully prepared for the negotiation, the final negotiation failure is possible.

What are the consequences of the loan?

For those who do not repay their cash loans, their personal credit will definitely be damaged and their accounts will be frozen. Bad records may also be reported to the central bank for credit information and online credit information. It will be very difficult for people with bad credit to apply for loans, credit cards, etc.

2. It is not ruled out that cash borrowing can solve the problem through legal channels and directly bring the borrower to court. Those who refuse to execute the judgment will be included in the list of untrustworthy people and enforced.

Indirect consequences:

1. Cash loan will be used for long-term overdue collection. In the process of collection, more and more people will know about the borrower's non-repayment. In this way, the personal reputation of the borrower will be damaged, and it is easy to lose the trust of others in the future.

2. During the collection process, the cash loan may call the borrower's contact person. In this way, the normal life of the contact will also be affected. In other words, the behavior of not repaying the loan in cash is likely to implicate others.

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What will happen if the loan is not available?

Yes

"What are the consequences of the loan?

1. If the lending institution or bank fails to perform the judgment within the performance period after winning the case, it will apply for enforcement.

2. When compulsory execution is accepted, the lender's property, vehicles, securities and deposits will be inquired according to law.

3. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

4. Refusing to execute a judgment or ruling is suspected of refusing to execute a judgment or ruling.

Second, if a banking institution owes a bank loan, it will take a series of measures, as follows:

1. The bank will call the borrower to collect debts.

2. If the borrower still fails to repay the debt after debt collection, there will be a certain penalty interest and a bad credit record for himself.

3. If the borrower still fails to repay the loan, the bank will send relevant staff to collect it in person.

4. If the borrower fails to repay the loan until the end, the bank will take legal measures to safeguard its own rights and interests. If the borrower applies for a mortgage loan, the collateral will be auctioned, and then the proceeds from the auction will be used to repay the loan.

Third, overdue loans

According to the relevant provisions of the Contract Law, the borrower fails to repay the loan within the time limit stipulated in the loan contract, which is a breach of contract and should bear the liability for breach of contract. The ways to bear the liability for breach of contract include returning the loan principal, paying the interest during the loan period agreed in the contract and paying the interest of loans overdue.

Repaying the loan principal and paying interest within the loan period agreed in the contract will generally not cause disputes because the parties have clearly agreed in the loan contract; There is a great dispute between the parties about the interest on overdue loans, and the standards applied by judges in hearing such cases are not uniform, which affects the authority of the law. Lawyers believe that it is necessary to integrate this issue so that everyone's understanding can be unified.

The funds invested by banks in such loans may or may not be recovered in the future. There is a great possibility of losses, and commercial banks usually have to impose a penalty interest on such loans. Overdue loans are the problem assets of banks. Commercial banks should maintain a high capital reserve, and the reserve ratio is generally 50%. "