1. The borrower's credit is affected. Because the bank pays more attention to the borrower's personal credit, if the loan is not repaid, the personal credit will be affected, which will directly affect the borrower's future loans.

2. Penalty interest will increase the repayment pressure in the future. If the borrower fails to repay the loan, there will be a penalty interest with the progress of time, which will increase the repayment pressure of the borrower.

3. If loans overdue is in a month or two, the bank will not sue immediately. Generally, the borrower will be called first to urge him to repay the loan. Otherwise, the bank will have a special person to communicate with the borrower.

4. If the communication fails and the borrower provides collateral as a mortgage loan, the collateral that cannot be repaid after repeated calls will be auctioned to repay the loan.

loan

A simple understanding of a loan is to borrow money with interest. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans and interest subsidies? A general term for borrowing funds such as overdraft.