Everyone believes that what will happen if it is overdue?

Penalty interest, credit stain, bank lawyer's letter.

Penalty interest: When a borrower signs a loan contract with a lending institution, the contract usually stipulates loans overdue. Generally speaking, loans overdue will generate additional penalty interest, and the amount of penalty interest and interest generated by different lending institutions are different.

2. Credit stain: the degree of use is related to all aspects of our lives. In case of loans overdue, the overdue record of this loan will be uploaded to the personal credit information system of the central bank, which will lead to the borrower's bad record in the credit information system and leave a credit stain.

3. The bank sends a lawyer's letter: if the loan is not repaid for more than three months, it will be very serious to sue in court. The loan bank will collect the loan according to law, and will bring a lawsuit to the court according to the loan contract and guarantee contract (mortgage or pledge contract). The court will take measures such as property preservation, including freezing deposits in all bank accounts of lenders and loan guarantors and sealing up pledged property.