What should I do if I lose money in business and the bank loan is not paid?

Institutions that owe bank loans but fail to repay them will take a series of measures, as follows:

1. The bank will call the borrower to collect debts.

2. If the borrower fails to repay the loan after debt collection, there will be a certain penalty interest and a bad credit record for himself.

3. If the borrower still fails to repay the loan, the bank will send relevant staff to collect the debt in person.

If the borrower fails to repay the loan until the end, the bank will take legal measures to protect its rights and interests through law. If the borrower applies for a mortgage loan, the collateral will be auctioned by the court, and then the funds obtained from the auction will be used to repay the loan.

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