Many people choose bank loans when lending, mainly because they think banks are reliable, but do you know that banks also have the right to recover loans in advance? Next, under what circumstances, the bank has the right to recover the loan in advance.

I believe that when signing a loan contract, there are often such clauses: If Party A (the borrower) does not cooperate or refuses to accept the supervision of Party B (the lender) on its use of the loan and related production, operation and financial activities, Party B will correct it within 7 days after the notice and take remedial measures that satisfy Party B, otherwise Party B has the right to recover part or even all of the loan in advance; If it cannot be recovered, the liquidated damages shall be collected on a daily basis according to the expected annualized interest rate of overdue loans.

Banks have the right to recover loans in advance in the following ways:

1. Under the consumer loan mode, the borrower fails to submit the use invoice as agreed after the loan;

Two, the borrower is unwilling to cooperate with the bank review, unable to provide information required by the bank;

3. The borrower's collateral was seized by the court because of the lawsuit. At this time, the bank will order the borrower to lift the judicial seal or provide another equivalent collateral within a specified period because the collateral has lost liquidity, otherwise it has the right to recover the loan in advance according to the contract.