1, the limitation of action for loans is generally three years. If the borrower and the lender clearly agree on the time limit for performance, the limitation of action shall be calculated from the date when the time limit for performance expires. If the party fails to repay the loan for more than three months, the loan bank will collect it according to law and bring a lawsuit to the court according to the loan contract and guarantee contract. The court will take measures such as property preservation, including freezing deposits in all bank accounts of lenders and loan guarantors and sealing up pledged property.

2. Legal basis: Article 188 of the Civil Code of People's Republic of China (PRC).

The limitation period for requesting protection of civil rights from the people's court is three years. Where there are other provisions in the law, those provisions shall prevail.

The limitation period of action shall be counted from the date when the creditor knows or should know that the right is damaged and the debtor knows it. Where there are other provisions in the law, those provisions shall prevail. However, the people's court shall not protect the rights that have been damaged for more than 20 years. Under special circumstances, the people's court may decide to extend the time according to the application of the obligee.

2. What materials should be submitted when handling the loan?

The materials submitted when handling loans generally include the following items:

1, loan application;

2. The original and photocopy of the ID card, household registration book and marriage certificate of both husband and wife;

3. Property * * * Someone agrees with the loan opinion;

4, husband and wife occupation, income certificate, family property status and other information;

5. Certificate of fixed place.