First repay the expired loan, and then prepare the materials in advance to apply for loan renewal procedures. If the principal and interest of the loan have not been paid, the loan renewal business cannot be carried out. In order to better reduce the application process, you can communicate with the bank in advance to review and approve the loan materials afterwards. The above is the relevant content on how to renew the bank loan when it expires. What to do if the loan is overdue

1. Pay off the loan immediately: When you find that a bank loan you borrowed is overdue, you must first pay off the loan immediately. If the loan is settled within the loan repayment buffer period, it will generally not affect the personal credit record;

2. Actively communicate with relevant staff: After settling all overdue loans, the lender should actively Take the initiative to communicate with the staff of the lending institution, explain the overdue status of the loan, the reason for the overdue loan, and explain whether the overdue loan is unintentional and ask for leniency;

3. Develop good usage habits: If you delete To avoid losing a bad personal credit record, the lender must use the personal credit loan again and repay the loan on time. Generally, the personal credit can be automatically updated after five years.

This article mainly writes about knowledge points about how to renew a bank loan when it expires. The content is for reference only.