If the student loan is not repaid, the penalty interest rate shall be 130% of the normal loan interest rate according to the actual overdue amount and overdue days. Lending institutions will urge the parties to accept loans according to law. According to the mortgage or pledge contract of the loan contract and the guarantee contract, the loan bank will bring a lawsuit to the court, and the court will take measures such as property preservation, including freezing the deposits in all bank accounts of the parties and loan guarantors and sealing up the mortgaged property. After the judgment is made, it will be enforced to deduct deposits and auction collateral. And pay off the bank's loan losses according to law.

The consequences of not paying credit loans are as follows:

1. The lending institution urges the maturity loan according to law, and the lending bank brings a lawsuit to the court according to the mortgage or pledge contract of the loan contract and guarantee contract;

The court will take measures such as property preservation, including freezing the deposits in all bank accounts of the loan guarantor and sealing up the pledged property.

2. Credit will be affected, and personal loans will also be recorded as overdue loans in the national personal credit information consultation system.

3. Lending institutions can sue for fraudulent loans if they provide false information or false materials when borrowing money. If the fraudulent loan is true, it may be sentenced for fraud.

Legal basis: Article 40 of the Interim Measures for the Administration of Personal Loans.

The lender shall recover the loan principal and interest in accordance with the loan contract. For loans that are not repaid according to the loan contract, the lender shall take measures to collect or restructure by agreement.