If the loan is not repaid, the consequences will be very serious, whether it is mortgage loan or credit loan, whether it is bank loan or loan company loan. If you apply for a credit loan in a bank or loan company, you should make a good preparation or plan for repayment before applying for a loan, be familiar with your repayment funds, and consider whether you are suitable for handling a loan. These should be completed before applying for a credit loan. You apply for a credit loan at the bank. If you don't repay the loan for a long time, the bank will certainly sue you through legal means, and the loan company will also sue you. Some loan companies even ask people to recover loans by violent means. Moreover, there will be no penalty interest at maturity, and one day will be accumulated until the borrower is clear.

Judging from the credit loan in the bank, if the borrower fails to repay in a short period of time, the bank will not formally file a lawsuit, but will only urge the borrower to repay in some relatively simple ways. When the borrower fails to repay the loan for a long time, that is, six months, then the bank will directly file a lawsuit with the court to sue the borrower. Even if the loan amount is not high, but you are suspected of financial fraud, once the prosecution is successful, you can go to jail for several years.