If the loan cannot be repaid at maturity, the formalities for extending the repayment time shall be handled after approval. It is a credit principle that enterprises must abide by, and it is also a prerequisite for banks to speed up the turnover of credit funds. If the enterprise fails to repay the loan on schedule due to special circumstances, it shall apply and explain the situation. With the approval of the bank, the repayment time can be extended, but the extension procedures should be handled, otherwise it will be treated as overdue loans. The previous extension was the lender's second loan within the term.
: 1. Time for applying for extension.
When applying for the extension of secured loan, it shall also issue a written certificate that the loan guarantor agrees to extend the loan and continue to guarantee it. The loan extension period shall not be lower than the original loan conditions. The extension of short-term loans shall not exceed the original loan term; The extension of medium-term loans shall not exceed half of the original loan term; The longest extension of long-term loans shall not exceed 3 years. If the customer fails to apply for extension or the extension application is not approved, the loan will be transferred to the overdue loan account from the day after the maturity date. 20 10 The extension period of personal loans stipulated in the Interim Measures for the Administration of Personal Loans issued by CBRC in February: for personal loans within one year (inclusive), the cumulative extension period shall not exceed the original loan period; For personal loans of more than one year, the cumulative extension period shall not exceed the longest loan period stipulated by the loan category.
Second, the conditions for applying for extension
It is up to the lender to decide whether to extend the loan. Where a mortgage loan or pledge loan is used to apply for the extension of the secured loan, the guarantor, mortgagor or pledger shall also issue a written consent certificate. If there is an agreement, the agreement shall prevail.
The cumulative extension of short-term loans (within one year, including one year) shall not exceed the original loan term; The cumulative extension of medium-term loans (more than one year, less than five years, including five years) shall not exceed half of the original loan term; The cumulative extension of long-term loans (over five years) shall not exceed three years, unless otherwise stipulated by the state. If the borrower fails to apply for extension or the application is not approved, the loan will be transferred to the overdue loan account from the day after the maturity date.