It will lead to serious legal consequences and damage to credit records. Overdue repayment refers to the borrower's failure to repay the loan on time within the agreed repayment period. Xiaomi loans overdue's failure to repay the loan for seven years will lead the borrower to face the following legal consequences.

1. The borrower will be prosecuted or enforced by the lending institution through legal means.

2. The borrower needs to bear extra expenses such as overdue interest and late payment fees, thus increasing the repayment burden.

3. The borrower's credit record will be seriously damaged, which will affect future credit loans and financial activities.