Nowadays, people's life pressure is increasing, and it is inevitable that there will be a shortage of funds. Loans can solve this problem quickly. However, it is getting more and more difficult to apply for a bank loan. Sometimes, they applied once and found that they were rejected when they wanted to use it again. So how to renew the bank loan? Can I renew the loan immediately after it expires? Let's get to know each other.
1. How to renew the bank loan?
Renewing the loan is very simple. If it is an online loan that needs to be renewed, you can check the software before the loan expires to see if there is a button to renew the loan, or the option to renew the loan will be displayed after all the loans are settled. Click Enter to complete the basic loan application, and click Submit for approval.
If it is an offline loan, after all the loans are paid off, go to the bank's personal loan center to find a credit manager to apply for loan renewal. The program is also very simple. Now that the bank has your basic information, you can add some information.
No matter what kind of loan business is renewed, it needs to be re-examined. Renewing the loan is not 100% successful. If the credit standing is good and the bank line is sufficient, then there is no problem in renewing the loan.
2. Can I renew the loan immediately after it expires?
Whether the loan can be renewed mainly depends on the following aspects:
1. Does the loan product support continuous loans? Not all loans can be extended. You can consult the bank staff to see if you can renew the loan.
2. Whether the personal qualification can be renewed. Some borrowers' personal qualifications and credit have changed obviously during the loan process, so they can't meet the application requirements of the loan product and can't renew the loan. Other businesses with lower thresholds can be considered.
What should I do if my loan needs to be extended when the credit union expires?
Repay the due loan first, and then prepare the materials to handle the loan renewal procedures.
When the loan expires, it is impossible to renew the loan until the principal and interest of the loan are paid off. In order to shorten the approval process, you can communicate with the bank in advance and review the information of subsequent loans first.
Information to be prepared in advance includes:
1. Original and photocopy of valid identity documents of the borrower and its spouse.
2. Credit rating information certificate (loan certificate, etc.) provided by farmers who have been granted credit by rural credit cooperatives. ).
3. The main members of the borrower's family agree to the loan.
4. Personal credit inquiry authorization letter of the borrower and his spouse.
5. Other materials required by rural credit cooperatives.
Extended data:
Loans overdue will have the following consequences:
1. loans overdue records will be uploaded to the personal credit information system of the central bank, resulting in bad records of borrowers in the credit information system, leaving a credit stain;
2. In the future, it will hinder borrowers from applying for loans and credit cards, and may even affect borrowers' travel, boarding and high-speed rail;
3, affecting the borrower and the borrower's family, children to go to school, employment and join the army;
4. The borrower will not be able to enjoy the preferential policy of benefiting farmers in the future;
5. Those with serious circumstances will be punished by law.