What will happen if Bank of Zhengzhou's mortgage repayment is overdue? 1. If the application for extension is only temporarily overdue, you can negotiate with the lending institution to apply for extension. Generally speaking, as long as the situation is true, lending institutions are still willing to give a certain period of extension. 2. Borrow money from relatives and friends If you are popular, you can also borrow money from relatives and friends to repay the loan, but you must make a good loan and agree on interest. When the situation in your hand improves, you can pay back the arrears in time. 3. If the mortgaged property is really unable to repay the loan, you can let the lending institution auction the mortgaged property, and the proceeds will be used to repay the loan principal and interest first, and the rest will be returned to you. No matter what way you use to relieve the current economic pressure, remember: repayment! Don't use "delay" or simply don't return, which will easily bring trouble to yourself. Bank of Zhengzhou's real estate mortgage policy requires housing mortgage loans within 20 years; Must have strong liquidity. The amount of mortgage loan is 80% of the appraised value of the house. The longest loan period for new house loans is not more than 30 years, and that for second-hand houses is not more than 20 years. The loan interest rate shall be implemented in accordance with the loan interest rate of the same grade in the same period stipulated by the People's Bank of China. Generally speaking, the basic conditions for applying for a loan are that the borrower is not over 70 years old: 1, a natural person with China nationality and full capacity for civil conduct; 2. Hold valid identity documents; 3. Have a stable and legal source of income; 4. Mortgaged real estate has a real estate license with clear property rights and can be listed and circulated; 5. Other conditions stipulated by the bank. Loan amount and term: 1, and the mortgage rate of commercial housing can reach up to 80%; 2. The mortgage rate of office buildings and shops can reach up to 60%; 3. The mortgage rate of industrial plants can reach up to 50%; 4. Up to 30 years; Mortgages include shops, offices, houses, villas, factories, warehouses and so on. Operating process of real estate mortgage registration: the time limit for real estate mortgage loan registration: 7 working days, and the following documents are required: 1, house ownership certificate; 2. Evaluation report; 3. Real estate mortgage bank loan contract; 4. Mortgagor's ID card (leave an ID card that is verified with the original); 5. Other relevant materials. Handling process: acceptance of registration 1 day, 2 days of preliminary examination, 3 days of review 1 day, 3 days of approval, replacement of certificate 1 day, payment 1 day, and filing. The consequences of overdue are more serious. Before mortgage, you should consider your repayment situation clearly and control it within your own economic scope to avoid bad credit records if it is not handled in time. Cause more trouble to later life, and be willing to bear legal responsibility without knowing it. Be sure to handle the repayment in time before the repayment date, and don't take any chances.