Parents can't repay bank loans, which is a personal behavior and has no influence on their children's loans, schooling, employment, joining the army, etc. However, when the debtor's children inherit the estate, they must pay off their debts before they can inherit the estate.

What will happen if the lender fails to repay the loan on time:

1. First of all, the bank will continue to call for loans. If the phone is disconnected, the staff will come directly to the door;

2. Deduct the loan principal and interest directly from the lender's settlement account in the loan bank, and freeze the external payment of the settlement account;

3. If the lender has collateral in the bank, the bank has the right to auction the collateral through legal channels;

4. If the loan has a guarantor, the bank has the right to recover the principal and interest of the loan and the corresponding expenses from the guarantor;

5. If the collection fails, the bank has the right to bring a lawsuit to the court to preserve the principal and interest of the bank loan according to law.

6. If the lender fails to perform the judgment of the court within the performance period after suing the court and winning the case, it will apply to the court for enforcement;

7. When the court accepts enforcement, it will seal up the real estate, vehicles, securities and deposits under the name of the lender according to law;

8. If the lender refuses to perform the effective judgment of the court because there is no enforceable property under his name, negative information such as overdue repayment will be recorded in the personal credit report, and he will be restricted from high consumption and entry and exit, and may even be punished by judicial custody.

Extended data:

Provisions of the Supreme People's Court on the People's Court's Enforcement of Mortgaged Houses;

Article 1: The people's court may seal up all the houses that have been mortgaged according to law, and may auction, sell off or pay off debts according to law upon the application of the mortgagee;

Article 2 The people's court shall give the person subjected to execution a grace period of six months after ruling that the house mortgaged by the person subjected to execution and his dependent family members should be auctioned, sold or paid off according to law; During this period, the person subjected to execution shall vacate the house voluntarily, and the people's court shall not force the person subjected to execution and his dependents to move out of the house;

Article 3: If the person subjected to execution has not moved out after the expiration of the above grace period, the people's court may make a ruling of forced removal and execute it in accordance with the provisions of Article 229 of the Civil Procedure Law; When forced to move out, if the person subjected to execution is unable to solve the housing problem by himself, the application executor may provide temporary housing for the person subjected to execution and his dependent family after verification by the people's court;

Article 4 The quality and location of the temporary housing provided by the person subjected to execution may be different from the original housing of the person subjected to execution, and the area shall be determined with reference to the per capita low-rent housing area standard stipulated in the Measures for the Administration of Low-rent Housing for Urban Lowest Income Families jointly issued by People's Republic of China (PRC) Ministry of Construction, Ministry of Finance, Ministry of Civil Affairs, Ministry of Land and Resources and State Taxation Administration of The People's Republic of China;

Article 5 The person subjected to execution shall collect rent when applying for providing temporary housing. The rent standard shall be determined by both the applicant and the person subjected to execution through consultation; If negotiation fails, it shall be determined by the people's court with reference to the local rent standards for similar houses. If there is no local rent standard for similar houses, it shall be determined with reference to the average rent standard in the local housing rental market;

Article 6 If the person subjected to execution belongs to the minimum living security object and cannot solve the housing problem by himself, the people's court shall not forcibly move out.

China People's Congress Network-People's Republic of China (PRC) Civil Procedure Law