What happens if we do not pay personal loan / Bank Loans ?
On my Quora page, we often receive questions like, “What happens if we do not repay a loan to the bank?” Some ask about personal loans, others inquire about home loans or mortgage loans, and some seek information on car loans, among similar queries. Before addressing your concerns, it’s important to clarify that intentionally defaulting on the repayment of a bank loan is akin to a crime. We should repay our bank loans in a timely manner.