Legal analysis: loans overdue broke his promise. Consequence of loans overdue: penalty interest. As long as it is overdue, there will be a penalty interest, that is, a certain percentage of interest will be added on the basis of the original interest; After the credit report is included in the list of dishonesty and affects future loans and purchases, it will inevitably leave a bad record. If the circumstances are serious, it will not only be included in the list of untrustworthy executors, but also affect future real estate loans; In the face of litigation problems, generally speaking, after a certain period of time is overdue, the bank will issue a reminder notice. If the collection fails, the bank will sue the borrower and safeguard the legitimate rights and interests through legal means.

Legal basis: Article 16 of the Regulations on the Administration of Credit Information Industry in People's Republic of China (PRC), the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted.

During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it. Article 673 of the Civil Code of People's Republic of China (PRC): If the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract. Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan. Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.