The main consequences of overdue mortgage are: 1. If there is no repayment at one time, the bank will call and SMS to remind you to repay on time, and at the same time generate penalty interest; 2. If you don't repay for three times in a row, the bank will collect it and will also have a penalty interest; 3. If the overdue repayment times reach more than six times, the property will be frozen; If the negotiation between the bank and the borrower fails, the bank can auction the collateral through legal procedures.

legal ground

Article 22 of the General Principles of Loans: If the borrower fails to perform the obligations stipulated in the loan contract, the lender has the right to require the borrower to repay in advance or stop paying the loan that the borrower has not used. When the loan will suffer or has suffered losses, measures can be taken according to the contract to prevent the loan from suffering losses. Article 32 The borrower shall repay the loan principal and interest in full and on time in accordance with the loan contract. The lender shall promptly issue a notice of overdue loan collection, and do a good job of overdue loan principal and interest collection. Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or executed, it shall be urged to repay or bring a lawsuit.