If the borrower fails to repay the loan within the agreed time limit, the lending institution has the right to punish the borrower and charge a penalty interest. The longer the overdue period, the higher the penalty interest rate.

(B) Bad record credit information

(3) Being blacklisted by the lending institution.

When the borrower is blacklisted due to serious overdue, the lender will publish the ID number, residential address and overdue information in the media.

(4) freezing personal assets

Banks and other lending institutions will collect loans according to law and bring a lawsuit to the court according to the loan contract.

The court will take measures such as property preservation to freeze the deposits in the borrower's bank account and seal up the pledged property.

Extended data:

What are the terms of the loan?

The loan amount can be estimated according to the contract price ×85%, and the approximate evaluation price can be estimated. Buying a house with a loan requires the following conditions:

(1) A natural person with civil capacity;

(2) A developer with permanent residence or valid residence status in a town;

(3) Having a stable occupation and income and good credit service ability;

(four) to conclude a contract or agreement for the purchase of houses;

(5) If there is no housing subsidy, it shall be the down payment of not less than 30% of the housing purchase price; 30% of the individual housing subsidy is used as the down payment for house purchase;

(6) Assets recognized by the lender as mortgage or pledge, or units or individuals with sufficient compensation capacity;

(7) Other conditions stipulated by the lender.