The bank will sue the borrower for the short fall and costs. if the borrower failed to pay, the court could declare the borrower bankrupt and have all his assets place under administration.

The creditor will have to initiate a separate action against the debtor, provided they have been successful in proving the debt.

The creditors petition has to be heard by a high court and adjudication order has to be made against the debtor.

It’s not really an automatic process to the initial suit to recover the loan amount contrary to popular belief.

It’s an efficient bank. They want to cut losses and recover as much as possible as quickly as possible.

I mean if you had lent money to someone - wouldn’t you expect to be paid on time ?

Banks work the same way.