Yes, the consequences of not repaying the loan:
1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments;
2. If the lender fails to perform the judgment within the performance period after winning the case, it will apply for enforcement;
3. When accepting enforcement, it will inquire about the real estate, vehicles, securities and deposits under the name of the lender according to law;
4. If the lender has no property to enforce, refuses to perform the effective judgment, overdue repayment and other negative information will be recorded in the personal credit report, and will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.
Extended data:
Article 207 of the Contract Law stipulates: "If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations". The repealed "Economic Contract Law" and "Regulations on Loan Contracts" clearly stipulate that overdue loans should pay interest plus penalty interest.
1995 notice of the people's bank of China on interest-bearing measures after adjusting the loan interest rate (hereinafter referred to as the notice) and 1999 regulations on the administration of RMB interest rate (hereinafter referred to as the regulations) have detailed provisions on the collection of overdue loan interest, and the supreme people have also given corresponding answers to such questions.
According to the above provisions, combined with the actual trial, there are two main calculation methods of overdue loan interest:
First, according to the interest rate during the contract period. During the performance period stipulated in the loan contract, the interest rate paid by the borrower shall not violate the provisions of the People's Bank of China on the upper and lower limits of the loan interest rate of financial institutions, among which private lending shall not be higher than 4 times the bank loan interest rate. You can calculate the overdue interest of overdue loans according to its interest rate agreement.
Second, calculate the interest according to the relevant regulations of the People's Bank of China. This interest-bearing method still follows the original loan interest rate during the performance period of the loan contract.