Under what circumstances can loans be exempted?

Under what circumstances can loans be exempted? Loan exemption is usually performed when the company is bankrupt or cannot repay bank debts due to other reasons, and can be implemented with the approval of superiors. Reduction of loan principal and interest.

1. Article 49 of the "Interim Regulations on the Administration of the Bank of China" stipulates that "without the approval of the State Council, no unit has the right to exempt loans." The loan referred to here includes not only the loan principal, but also the loan interest.

Therefore, unless otherwise provided by regulations and policies, no unit (including financial institutions) may waive loan principal, waive the collection of loans and interest, or reduce or exempt loan interest.

2. According to Article 42 of the "Interim Regulations of the People's Republic of China and the Bank of China" on the Administration of Banks, "Each specialized bank head office has certain interest rate floating rights", it belongs to the interest rate floating rights of the specialized bank head offices. Questions within the company can be decided by itself.

Loans cannot be exempted or exempted under the following circumstances:

For bank loans, this occurs only when the loan is overdue or the credit card is overdue. If you want to have the late payment fee exempted, you must apply to the bank. Prove to yourself that you have indeed encountered special circumstances, such as natural or man-made disasters, but you must have the intention to repay, otherwise the bank will not be able to agree to your application for late payment fee exemption.