I owe a loan to the loan company and won't go to jail. Owning a loan from a loan company is a civil liability, while imprisonment is a criminal punishment. There is no criminal penalty for owning a loan from a loan company. The creditor of the loan may apply to the people's court for an order of property preservation and payment, or bring a lawsuit, or apply for enforcement after winning the case.

legal ground

Article 242 of the Civil Procedure Law

If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other properties of the person subjected to execution from the relevant units. The people's court has the right to seal up, freeze, transfer or change the price of the property of the person subjected to execution according to different circumstances. The property inquired, sealed up, frozen, transferred or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform. When the people's court decides to seal up, freeze, transfer or change the value of property, it shall make a ruling and issue a notice of assistance in execution, and the relevant units must handle it.