Consequences of default on bank loans: 1. Borrowers who fail to repay bank loans are liable for breach of contract, usually with high penalty interest and liquidated damages; 2. Collection by financial institutions; 3. If the credit card is overdue for 90 days, it may be sued by the banking institution.

Failing to repay the bank loan can be handled in the following ways: 1, borrowing money to repay. 2. Apply for extension, that is, extend the loan term, and the loan extension period shall not be lower than the original loan conditions. The extension of short-term loans shall not exceed the original loan term; The extension of medium-term loans shall not exceed half of the original loan term; The longest extension of long-term loans shall not exceed 3 years. If the customer fails to apply for extension or the extension application is not approved, the loan will be transferred to the overdue loan account from the day after the maturity date.