The consequences of loans overdue:

/kloc-default interest will be incurred if repayment is not made to the bank within 0/month;

2 1 month (more than 30 years) banks will have SMS notifications;

After more than 3 months (90 days), the bank will call or collect it at home;

After more than 4 6 months, the bank will bring a lawsuit to the court, and the court summons will be sent to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court, the court will freeze the collateral originally mortgaged by the borrower to the bank and then auction it. The proceeds from the collateral auction will be used for repayment. If the auction proceeds are greater than the arrears (the amount that the borrower needs to pay = principal+interest+liquidated damages+late fees+prosecution fees+attorney fees, etc.). ), the excess will be returned to the borrower. However, there is little extra money.

If the lender fails to pay the bank loan due to various problems, the bank will take the following actions for you and your loan guarantor:

1 auction the property, and the proceeds will be used to realize its creditor's rights.

If there is a guarantor, recover from the guarantor.

Blacklist debtors and companies and report them to the credit information system of the People's Bank of China.

4. Bring a lawsuit against the company, and apply for compulsory execution of other properties of the company after the judgment takes effect.

5. Apply for subrogation of the company's creditor's rights.