What are the serious consequences of 60,000 yuan in loans overdue?

1, 1 month will lead to default interest;

2 1 month (more than 30 years) will be notified by SMS;

After 3 or 3 months (90 days), the bank will call or collect money at home;

After 4 or 6 months, the bank will file a lawsuit with the court, and the court summons will be sent to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court, the court will freeze the collateral originally mortgaged by the borrower to the bank and then auction it. The proceeds from the collateral auction will be used for repayment.

If the auction proceeds are greater than the arrears (the amount that the borrower needs to pay = principal+interest+liquidated damages+late fees+prosecution fees+attorney fees, etc.). ), the excess will be returned to the borrower. However, there is little extra money.

If the Lender fails to repay the loan, the Guarantor shall bear the following responsibilities:

First of all, it depends on how the loan contract is agreed and settled according to the contract.

1, the general contracting agreement, one household does not pay, other households will pay.

2. There will be definitions and descriptions of relevant joint and several liabilities in the contract. Co-sponsors generally repay together, which is equivalent to the borrower.

Second, the way to recover. Find the borrower, investigate the responsibility and pay off the property at the same time. Or borrow money and pay it back as soon as possible.

Third, the bank will definitely sue. However, it may take some time to go to court for execution. If the court adjustment still doesn't work, wait for the court to enforce it, your friend's property. The execution of 60,000 yuan also includes prosecution fees and execution fees.