If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments, and apply to the court for compulsory execution; If the lending institution sues securities and deposits after winning the case in the court, it fails to perform the court's judgment during the performance period.

Basically, there will be no impact, and repayment can be made on time in the future; When accepting enforcement, the court will inquire about the real estate and vehicles under the lender's name according to law, and negative information such as overdue repayment will be recorded in the personal credit report, and high consumption and entry and exit will be restricted.

Extended data

Conditions required for bank loans

(1) Persons who have reached the age of 18, have full capacity for civil conduct, have permanent residence for urban residents or hold valid identity cards, and the age of the lender required for bank loans is generally between 18-60;

(2) have a stable legal income and the ability to repay interest;

(3) Other conditions required by the lending bank.

Procedures for handling unsecured loans

(1) Basic information submitted by the customer, including work unit and contact telephone number.

(2) The lending bank or company should check the credit information of customers, including whether the credit rating of customers has illegal records, and investigate the business operation status of self-employed individuals and small and medium-sized enterprises.

(3) The staff of the lending unit signed a contract with the customer to realize the loan in the shortest time.

Refer to Baidu Encyclopedia-Bank Loan