The solution of loan extension in this paper should not be understood as the concept of loan extension.
If the loan cannot be repaid on time within the loan extension period, the borrower shall apply to the lender for loan extension before the loan expires (see Article 12 of the General Rules for Loans). That is, loan extension refers to the behavior of extending the loan term determined in the original loan contract when the borrower cannot repay the loan on time for some reason.
First, the concept of exhibition
1. Don't change it directly. When the borrower applies to the lender for loan extension, the loan bank shall not directly change the original loan contract and receipt.
2. Sign the agreement. The bank shall, according to the approved loan extension conditions, sign a loan extension agreement with the borrower in time within the original time limit.
Second, the reason analysis
The definition of loan extension is that the borrower should apply to the lender for loan extension before the loan expires. In other words, the loan term of the loan contract is about to expire, and the loan contract is about to terminate. Therefore, the loan extension must extend the loan contract time by signing the loan extension agreement, thus extending the loan term of the loan contract that is about to expire. Emphasis is placed on the direct extension operation of signing the "loan extension agreement" of the original loan contract, rather than the direct extension operation of the IOUs whose extension is subordinate to the loan contract.
Three. Key points of operation
1. Obtain the resolution of the shareholders' meeting or shareholders' meeting of the corporate enterprise and apply for it by the unincorporated enterprise.
2. The signing time of the loan extension agreement shall be within the time limit determined in the original maximum mortgage contract.
3. Fill in and select the position of the guarantee contract in the loan extension agreement correctly. Once the choice is wrong, there will be major disputes in the guarantee behavior.
3. Compliance and legality of guarantee behavior. No other guarantee (mortgage) contract shall be signed during the extension period, and the unified guarantee format or text form in the loan extension agreement shall be used.
Four. skill
The cumulative extension period of short-term loans shall not exceed the original loan period; The cumulative extension period of medium-term loans shall not exceed half of the original loan period; The cumulative extension period of long-term loans shall not exceed 3 years. Unless otherwise stipulated by the state. If the borrower fails to apply for extension or the application for extension is not approved, the loan will be transferred to the overdue loan account from the day after the maturity date. (See Article 12 of the General Conditions of Loan)
Related Questions and Answers: Related Questions and Answers: What are the provisions for loan extension? The loan extension period depends on the type of loan product you choose. If short-term loans are used within one year, the extension period cannot exceed 1 year; If the medium-term loan is used between 1 and 15 years, the extension period cannot exceed 2.5 years; If the loan is used for more than 5 years, it can be extended for up to 3 years. It can be seen that the loan extension can only reduce everyone's repayment pressure in a short time. If we want to solve the problem fundamentally, we can only increase our income and pay off our debts as soon as possible. In the initial stage of applying for a loan, everyone should proceed from their actual economic ability, so as to avoid unnecessary troubles caused by the break of the capital chain and the inability to repay the arrears on time in the event of unexpected situations in the future. If you need a loan, I suggest you find a loan intermediary such as Fast Loan Network. They know all kinds of local loan channels, are familiar with the products and requirements of each lending institution, find the most suitable institutions and products for applicants, and improve the loan pass rate.