After applying for a loan, many friends will have no problem if they repay according to the original plan. But it is inevitable that when the capital turnover is not enough, is it difficult to watch your credit record bad? Of course not. In fact, you can also apply to the lending institution for loan extension. How to apply for loan extension? What information do you need?

Application materials for loan extension

1. The applicant's valid ID card or passport and other identification documents.

2. An application for loan extension, which includes: reasons for extension, extension period, repayment plan and remedial measures to be taken after extension.

3. If it is a joint venture or joint-stock enterprise, it shall provide the resolution document of the board of directors on applying for loan extension or other valid authorization documents.

4. In case of mortgage loan or pledge loan, the guarantor, mortgagor and pledgor shall also issue a written consent certificate.

Loan extension process

1. Applicants should apply to the bank for loan extension, noting that it needs 30 working days in advance.

2. The bank shall review the materials in accordance with relevant regulations, mainly to verify the authenticity of the materials and the reasons for application.

3. After examination and approval, report to the relevant leaders for signature and approve the loan extension.

4. The bank shall notify the applicant in writing to handle the loan extension formalities and report to the credit management department.

That's all the information and related procedures needed for loan extension. The process of handling loan extension is actually very simple, but it should be noted that it takes some time to apply for loan extension, so it must be handled in advance to avoid becoming overdue loans before applying for loan extension on the final repayment date.