I want to pay it back.

1. Heirs are obligated to repay

Generally speaking, bank loan thresholds are high, and it is difficult for the elderly to apply for loans at banks. Whether it is a natural death or an accidental death, borrowers generally There will be heirs.

According to the legal provisions: the borrower's estate heirs are obliged to repay the borrower's unpaid debts.

So the money owed to the bank must be repaid. The debt is not released when the person dies, but is repaid by the heirs.

For example, if a parent borrows a bank loan and unfortunately dies before repaying it, his or her children should repay the loan, because they have the obligation to repay after inheriting their parents' estate.

2. The guarantor has the obligation to repay

Also, I would like to remind everyone that there is another situation. If your friend borrows from the bank and you sign as the guarantor, if your friend dies, Then you are also responsible for repayment.

3. What to do if you are alone

If the borrower has no heirs or guarantors, the bank will use the borrower’s estate to repay the debt.

What should I do if my inheritance is not enough to repay the debt? Then the bank can only deal with bad debts, there is no other way.

The borrower's relatives and friends have no obligation to repay, and only the legal heirs are responsible for the debt.

To sum up, debts cannot be repaid after death. Debts are debts after all and must be repaid. Heirs should clear the debts in time to avoid affecting their personal credit. If the circumstances are serious, they will be included in the breach of trust. The list of executors affects travel and children's studies.

Loans in China are generally divided into two types, one is commercial loans and the other is private loans. Although provident fund loans are also a type of loan in my country, due to their limitations, provident fund loans are not widely used. If the lender is married, the spouse will be liable for the lender's debts upon the borrower's death. Your spouse may think it's unfair, but there's actually nothing unfair about it. According to the "Marriage Law of the People's Republic of China", the property of husband and wife is the property of the husband and wife, and the debts of the husband and wife are the debts of the husband and wife. In other words, husband and wife should share joys and sorrows.

If the lender has divorced before his death, the loan does not need to be repaid. Because Article 19 of the "Marriage Law of the People's Republic of China" describes the duration of the marriage relationship between husband and wife, which means that the two people have not divorced, the husband and wife debts are joint debts.

If the lender is not married and leaves an inheritance during his lifetime, the heirs will inherit the debt and inheritance of the lender. Of course, heirs also have the right to choose. They can inherit the inheritance or not. When inheriting the inheritance, they must inherit the debt. If the borrower is not married and does not leave any inheritance during his lifetime, then the "debt will be extinguished upon death" and the lending institution will not be able to recover the debt, because Article 33 of the "Succession Law of the People's Republic of China" clearly stipulates.

Private loans are different. Although my country also has relevant restrictions on private loans, private loans are generally not implemented in accordance with relevant laws. Lenders follow the principles of "father's debts are repaid by the son", "sons' debts are repaid by the father", "husband's debts are repaid by the wife", and "wife's debts are repaid by the husband" until relatives repay the loan.

Due to their incomplete understanding of the law, private lenders may do some illegal things. Therefore, after the death of the borrower, it is best for relatives to repay the loan.