What are the consequences of bank loans?

First, the consequences of loans overdue's failure to return:

1, the bank will calculate the penalty interest from the overdue date according to the loan contract.

2. After notifying the debtor three times, the bank will report the debtor's overdue information to the People's Bank of China, forming the debtor's personal bad credit information.

3. Banks will designate legal institutions or internal organizations to collect debts in a targeted manner.

4. For customers who can't pay off their debts, the bank will directly sue the court and ask the court to decide to auction the assets of the debtor and guarantor.

Second, remarks

1, as long as you don't have fictional facts, real materials and legal procedures when you borrow money, it doesn't constitute a crime, it belongs to a civil dispute, and you only have to bear civil liability if you don't repay the loan. The bank will sue you and the guarantor for repayment of the loan.

2. If you owe money maliciously, you need to bear criminal responsibility.

3. If the assets are finally auctioned to the court, the auction price will be paid to the court's legal fees first, and then the bank's principal and interest and fines will be compensated, and the remaining amount will be your own.