If the secured loan is overdue, the guarantor will be jointly and severally liable for repayment. After loans overdue, banks will calculate a lot of penalty interest, which will increase the repayment pressure of lenders and guarantors, and will also affect the credit of guarantors, and guarantors will also receive collection calls.

1. Default loan interest: after the bank loans overdue, the default interest and liquidated damages are very high, and the repayment pressure of the repayment person and guarantor will increase;

2. Bank collection: After loans overdue, if the borrower can't be contacted or the borrower doesn't repay, he will find a guarantor to repay, and the guarantor may receive a collection call every day;

3、? Impact on credit information: If loans overdue, the credit information of both the borrower and the guarantor will be affected, and it will be more difficult to apply for a loan in the bank later;

4. Being sued by the bank: If the loan cannot be repaid, the court will require compulsory auction of all the property of the borrower and guarantor.

5. After the borrower pays off the loan, the loan guarantor will no longer bear the guarantee responsibility, and may reasonably ask the bank to issue a notice exempting the guarantee responsibility;

6. If the loan is not paid off, you can only ask the bank to cancel the loan, and the general bank will not agree. The guarantee relationship is a contract. If the other party does not agree, even if the lawsuit is withdrawn, the court cannot terminate it.