Bank of China Consumer Finance sent me a text message.

Legal analysis: generally not. Although under normal circumstances, overdue will not involve criminal offences, and basically there will be no cases of being sentenced or even imprisoned, there is always a but: when overdue, the following situations are discovered by lending institutions, which is the bottom line for breaking the law. It may also be sentenced: suspected loan fraud refers to the purpose of illegal possession. Fabricating false reasons such as introducing funds and projects, using false economic contracts, false certification documents, using false property rights certificates as guarantees, repeatedly guaranteeing beyond the value of collateral, or defrauding banks or other financial institutions of loans or a large amount in other ways.

Legal basis: People's Republic of China (PRC) Criminal Law.

Article 193 Whoever defrauds a bank or other financial institution of a relatively large amount of loans shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.

Article 175 Whoever defrauds a large amount of loans shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention and shall also, or shall only, be fined; If the amount is huge, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.