1. After confirming the renewal of the loan, the borrower needs to provide personal credit information again and go to the risk control department for review in the near future. After examination and approval, a loan extension contract may be signed;

2. The borrower and the lender sign relevant loan extension agreements and go through relevant notarization procedures;

3. After the lender obtains other warrants, it will pay the loan amount to the original lender;

4. The borrower shall cancel the mortgage relationship with the original lender and go through the formalities of understanding the mortgage;

5. After the above operations, you can complete the loan renewal.

The above is the operation method of loan renewal.

Why has online loan renewal been under approval?

Users renew their loans online, and the page always shows that they are under approval, because they are still in the approval stage and there is no approval result. Generally speaking, after submitting the loan renewal application, there will be an audit result in a few days, and the user can proceed with the next operation according to the audit result. Approval failed, and the loan renewal application needs to be resubmitted. As for the application, you can sign the renewal contract online. After the contract is signed, there will be a short message receipt code. Pay attention to inform the college teachers to complete the unified entry of SMS receipt code.

Is it easier to renew the loan than the first loan?

If there are no special circumstances, it will be easier to renew the loan than the first loan, and the review and payment will be faster for the following reasons:

1. The original materials are complete: as long as it is the first time to borrow money here, most of the materials submitted are valid, unless it is some credit report, income certificate, work certificate, bank running water, etc. Need to re-verify, other changes are basically not big;

2. High activity: The most important thing in bank loan review is past records. If it is a newcomer, the bank cannot judge the integrity. If you have borrowed money from the bank, have good credit and are active users, the bank will be willing to continue to issue loans and maintain good cooperative relations;

3. High efficiency: Because the renewal users have cooperated once, the review process will be simpler, further saving the manpower and material costs of the bank, so the success rate of renewal will be higher.

This article is mainly about how to operate the relevant knowledge points in loan renewal, and the content is for reference only.