1, ask people around you for help.

When you can't repay the loan, you can only ask people around you for help as much as possible. Therefore, lenders should apply for loans according to their own economic strength, and don't blindly say that they can't pay back after applying.

2. Apply to the bank for extension.

If the lender fails to recover the loan for many times, the creditor will directly deal with the collateral to pay off the remaining debts. But for borrowers, this method can be used as the second best policy. You know, escaping is not the best solution. If there are reasons, you can apply to the bank for loan extension in advance.

What will happen if the bank loan is unable to repay?

1. Personal credit information is damaged, which will affect the handling of various loans in the future.

Once the mortgage is overdue, the lender will see his overdue repayment record. If it is a strict bank, even if it is only one day overdue, the bank will enter the overdue information into the central bank's credit information system. Once the overdue records enter the credit information system, it will have a serious impact on users' application for credit cards or loans in the future. Even if they can get loans, the loan amount will be reduced a lot.

2. Generate corresponding penalty interest and overdue fine.

Whatever the reason, as long as your mortgage is overdue, the bank will call to remind the borrower to repay, and as long as the repayment is overdue, there will be a penalty interest. The penalty interest of different loan banks is different, which is basically 30%-50% higher than the original loan interest rate.

3. Be sued by the bank.

Banks will set default clauses in mortgage contracts. If the loan is overdue for three consecutive times or six times in total, the borrower is required to repay all the principal and interest of the loan in one lump sum.

If the user's mortgage has not been repaid for more than 3 months, the bank will bring a lawsuit to the court according to the loan contract and guarantee contract. The court will take measures such as property preservation, freeze deposits in all bank accounts of lenders and guarantors, and seal up pledged property.

Legal basis:

Article 26 of the Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases

If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it.

The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. The people's court shall support the borrower's request to the lender to return the part of the interest paid that exceeds 36% per annum.