(2) Personal credit information will be affected, and serious cases will be blacklisted. If you don't pay back your debts for a long time, your personal credit will be tainted, and then you want to have a credit relationship with the bank, and you can't borrow money to buy a house or a car. If you still don't pay it back, the bank may take tough measures to take you to court. If the arrears are not implemented, they will be included in the "blacklist of executed persons".
(3) If the circumstances are serious, he shall be sentenced to the crime of defrauding loans. Because the loan materials are false, the way to get the loan is illegal. Once the bank finds out, it may sue you for "defrauding the loan" and may face criminal punishment.
Legal basis: Article 175 of the Criminal Law of People's Republic of China (PRC) obtains credit funds from financial institutions for the purpose of lending, and usures them to others. If the amount of illegal income is relatively large, he shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also be fined not less than one time but not more than five times the illegal income; If the amount is huge, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years, and shall also be fined not less than one time but not more than five times the illegal income.
Where a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention.
Where loans, bill acceptance, letters of credit, guarantees, etc. are obtained. Whoever defrauds a bank or other financial institution of funds and causes heavy losses to the bank or other financial institution shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also or 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 shall also be fined.
If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.