How to apply for a one-year extension when the loan expires?
When the applicant clearly indicates that the loan cannot be repaid, the applicant needs to apply to the financial institution for deferred repayment. If the applicant needs to postpone the repayment, he/she needs to make an explicit application 15 days before the repayment date. Deferred repayment is suitable for borrowers whose assets are really difficult to turn around. In this case, he/she needs to explain the situation to the lending institution immediately and apply for a buffer period. After the Lender agrees to apply for deferred repayment, the Lender will deduct the interest according to the loan interest rate agreed in the Contract. If the lender judges that the situation is true, it will generally allow deferred repayment, but it will also form a certain late payment fee, which will be deducted according to the loan interest. Deferred repayment is not unlimited. Usually, banks will ask for deferred repayment with a certain frequency limit. When handling the extension, we need to pay attention to the loan guarantee, and the guarantee period is usually the same as the loan period.
How to apply for deferred repayment of epidemic housing loans?
Because different banks will have different application procedures, so take China Industrial and Commercial Bank as an example. Because of the special situation of the epidemic, ICBC said that the loan can be extended without affecting the personal credit record. However, the main extension time and other related business customer service can not be handled, and the customer service will report to the branch first, and then check it after the loan business personnel officially go to work. After that, you need to apply, approve and verify in the housing loan appropriation branch. Need to provide change application, personal income certificate, half-year bank card flow, personal credit report, relevant epidemic policy, etc. In fact, it is subject to bank regulations. The customers that China Industrial and Commercial Bank can provide deferred repayment are mainly hospitalized or protective personnel or the other half infected with new pneumonia, observers or the other half who need protection due to epidemic prevention and control, staff involved in epidemic prevention and control, and personnel who temporarily lose their fixed income due to the epidemic. After the customer clearly applies, ICBC will adjust the repayment distribution according to the customer's application. In addition, for the first three categories of personnel, it is also possible to waive the late payment fee for loans during the epidemic and restore personal credit records. For the fourth category of personnel, that is, those who have temporarily lost their fixed income due to the epidemic, personal credit records are declared according to the adjusted repayment distribution, but the overdue repayment records before the adjustment of repayment distribution are declared normally.
legal ground
People's Republic of China (PRC) Civil Code
Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 671 Where the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.
If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.