Loan extension refers to the procedure of extending the repayment time after approval if the loan cannot be repaid at maturity. 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. After the approval of the bank, the repayment time can be extended, but the repayment procedures need to be handled, otherwise it will be treated as overdue loans.

situation

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During the loan period, the borrower has temporary cash flow difficulties, which leads to the inability to repay the loan principal on schedule, which meets the requirements of the extension. Usually, the borrower applies to the loan bank for extension 30 working days in advance.

Loan extension (2)

The loan extension shall not be lower than the original loan conditions: the short-term loan extension 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.

time

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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 1 0 The extension time of personal loans stipulated in the Interim Measures for the Administration of Personal Loans issued by the CBRC in February:1year (inclusive) The cumulative extension of personal loans shall not exceed the original loan term; For personal loans of more than one year, the cumulative extension period and the original loan period shall not exceed the maximum loan period stipulated by the loan variety.

Supply and treatment

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Whether the loan is postponed or not is decided by the lender. Where secured loans are issued through mortgage loans or pledged loans, the guarantor, mortgagor and pledgor shall also issue written consent certificates. If there is an agreement, it shall be implemented in accordance with the agreement.

The cumulative extension period of short-term loans (within one year, including one year) shall not exceed the original loan period; The extension period of medium-term loans (more than one year, less than five years, including five years) shall not exceed half of the original loan period; The cumulative extension period of long-term loans (more than 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.