There must be many conditions for a bank loan of 7 million. First of all, you need to have corresponding assets to mortgage your assets to the bank, otherwise the bank will certainly not lend you 7 million for no reason. If you don't know about banks, you will suffer. Then there must be identity documents, proof of permanent residence, proof of marital status, bank flow, income certificate and credit report. Once one of them is not satisfied, the bank will not give you a loan.

1. What should I do if I can't get a loan of 7 million from the bank?

First of all, you borrowed 7 million yuan from the bank, and the bank agreed to lend it to you, proving that you have corresponding assets. Then you mortgage the assets to the bank, so that if you don't pay off, the bank will auction your collateral to repay. If you get a loan through a guarantor, the bank will ask the person who guarantees your loan to repay it. If the loan cannot be repaid in the name of the enterprise, it can only be repaid through bankruptcy. In reality, there are many property owners, and the company went bankrupt because the loan was not paid. If the loan is not paid for some special reasons, you may go to jail. For example, if you are suspected of fraudulent loans, or if you have the ability to repay loans, you will definitely go to jail.

Loans overdue, what should I do?

At present, most loan platforms are connected to the bank's credit information system. Once the loan is not repaid, it will be reported by the credit information system, which will affect your credit information. Then if you want to borrow it later, you can't borrow it. After all, it is a credit society now. If you don't keep your word, it will be very troublesome to go out and there will be corresponding penalty interest. The penalty interest of different loan platforms will be different, but the longer you are overdue, the higher the penalty interest. Moreover, in informal platform loans, there may be violent means of collection, which will affect the safety of personal life and property.

To sum up, if you want to borrow money, it is best to borrow money on a regular platform, and the interest is relatively low, so you can still get it. Borrow as much as you can. Don't lend blindly. There will be problems later.