BOC Personal Study Abroad Loan Settlement:

1. The borrower is declared dead or missing by the competent department during the repayment period, and the legal heir or donee of the borrower’s property, the legal The property custodian shall continue to perform the loan contract signed by the borrower. If the borrower loses civil capacity or the heirs and legatees refuse to perform the loan contract, the lender has the right to deal with the mortgaged property or pledged property in accordance with the provisions of the mortgage (pledge) contract.

2. After the borrower repays all loan principal, interest and related expenses, the loan contract will terminate automatically. After the contract is terminated, you should go to the relevant departments to handle the cancellation procedures of mortgage registration (or filing) or pledge registration, return the certificate of title and insurance policy, and notify the guarantor that the loan relationship, mortgage, pledge guarantee or joint liability guarantee relationship will be terminated.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses.