1, the loan will not have the following consequences:

(1) The borrower's credit is affected. Once the repayment is not made, 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;

(3) If loans overdue doesn't sue immediately in a month or two, the bank will have a special person to communicate with the borrower.

2. Legal basis: Article 674th of the Civil Code of People's Republic of China (PRC).

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 675

The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.

Second, what should I do if I can't afford the loan?

If you can't repay the loan, you can solve it in the following ways:

1. If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay by installments;

2. If the lending institution fails to perform the judgment of the court within the performance period after suing the court and winning the case, it will apply to the court for enforcement;

3. When accepting enforcement, the court will inquire about the real estate, vehicles, securities and deposits in the name of the lender according to law.