Divided into two different situations. If it is indeed a formal bank loan, but it is not credited, then the bank will sue and execute it, and it will be included in the list of untrustworthy executors. If it is not a bank, most of the loans that are not credited are the financing funds of private capital institutions. They may be legal or illegal. Specifically, they can be consulted by local capital institutions. It is not recommended to lend illegal civil organizations. If the credit information system is not available, there is no effective binding force for both parties, no loan is recommended, and it is recommended to lend a formal banking business.The loan is not yet available
The following consequences will occur: The loan bank will promptly receive the loan from you according to the law, according to the loan contract and the guarantee contract (mortgage orPledge
Under the contract, the loan bank will sue the court, and the court will take measures such as property preservation, including freezing the deposits on all bank accounts of you and the loan guarantor, and sealing up the property you have pledge. After the judgment is passed, the property will be enforced according to law (deducting deposits, auctioning pledges, etc.) to pay off the bank's loan losses. These include: loan principal, loan interest, overdue interest and penalty interest, as well as all litigation costs incurred, and the related expenses incurred in the disposal of mortgages (pledges).