1. Impact on credit reporting. Bank loans will definitely be subject to credit reporting. As long as there is an overdue record, China Merchants Bank will report the overdue record to the central bank. Bad records will inevitably be left on the credit report. It is difficult to apply for an operating loan from China Merchants Bank or other banks. It is recommended to repay the loan in time to eliminate the impact and avoid unnecessary trouble.
2. The quota is frozen. Since China Merchants Bank turnover is a large-amount operating loan, the amount involved is relatively large, so once it is overdue, the bank will consider whether there will be problems in the operation of the company under your name. Due to personal integrity issues, Zhou Yi Zhuan's quota will be frozen and cannot be used temporarily. It can only be used the next day after all Zhou Yi Zhuan is paid off.
3. If you are sued by the bank and the overdue period is not long, the bank will not take this approach. However, if you have not paid for more than 3 months, it is very serious. The bank is likely to sue the bank based on the contract. If you file a lawsuit, the court will take measures such as property preservation. The mortgaged property and bank account deposits in your name will be frozen and can only be unfrozen after repayment.
4. You can no longer enjoy loan discounts. Business loans occasionally have interest rate discounts because the amounts are relatively large, so as long as there are discounts, you can save a lot of interest expenses, which is very beneficial to the company's operations. If there is an overdue record, you will no longer be able to enjoy similar discounts. To sum up, the consequences of the overdue transfer of China Merchants Bank are quite serious. Avoiding is not a solution to the problem. You can negotiate with the credit manager to solve the problem, and you can extend the loan period or reduce the amount.