1. First of all, the loan will not generate bad credit records, which will affect other credit businesses in the future.
2. Lending institutions will charge overdue penalty interest and liquidated damages. The longer the overdue time, the more money you need to pay.
3. If the overdue period is long and the amount is large, it may be sued by the lending institution. If the court still refuses to repay the loan after the judgment, it will be included in the "list of untrustworthy executors" and may not take high-speed trains or planes.
Legal basis: Article 193 of the Criminal Law of People's Republic of China (PRC) commits one of the following acts: defrauding banks or other financial institutions of loans for the purpose of illegal possession, and if the amount is relatively large, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan, or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan.
(a) fabricating false reasons such as introducing funds and projects; (two) the use of false economic contracts; (3) using false documents; (four) the use of false proof of property rights as a guarantee or repeated guarantee beyond the value of collateral; (5) obtaining loans by other means.