Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development; At the same time, banks can also obtain loan interest income and increase their own accumulation.

When you leisurely take the loan put down by the bank, you don't have a repayment plan, you don't have the ability to repay on time, or you don't want to repay. What will happen?

1, personal credit is affected. It will be difficult for you to get a loan in the future! For example, if you usually use a credit card, you forget to repay or default for a while, and your credit will be in trouble. In the future, for example, if you buy a house or a car, the bank will not lend you money easily, nor will it raise interest for you. Needless to say, this.

2. Penalty your interest. Penalty interest means that the borrower fails to repay the loan within the time specified by the bank, which leads to overdue; If the part is overdue, the bank will calculate the interest on a daily basis.

3. After a long time, the bank will call or there will be a special person to communicate with you. "Dude, is it time to repay?" .

If you don't pay it back, the bank will auction your collateral. After the auction, pay off the loan principal, loan interest, overdue interest and penalty interest, legal fees and other related expenses.

So the money the bank will give you will be much lower than the market value of your collateral. If you don't pay it back, there's a way to cure you!

If you provide false information or false information when making a loan, the bank will sue you for fraud.

Criminal Law Amendment (VI) adds new charges. Article 175 of the Criminal Law, "Whoever obtains loans, bills, letters of credit, guarantees, etc., defrauds the funds of banks or other financial institutions, and causes heavy losses to banks or other financial institutions or has other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or shall only be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and fined. "