2. Apply for extension: that is, extend the loan term, which 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 one and a half years of the original loan term, and the extension of long-term loans shall not exceed three 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. Naturally, if the lending bank does not agree, the borrower can only settle the arrears as soon as possible. Otherwise, the longer loans overdue lasts, the more serious the impact will be.

What should I do if I don't pay back the bank loan?

Can a bank loan be made only once?

Bank loans do not limit the number of times users borrow. As long as users meet the criteria for bank loans, they can submit loan applications indefinitely. Whether it can be approved by the bank is subject to the final audit result. Bank loans are credit loans, and users need to repay them on time after successful application, otherwise the overdue records may affect personal credit information.

The loan owed to the bank will expire in a few years.

The loan owed to the bank is a civil economic dispute, and the limitation of action is three years, in other words, within three years from the date of maturity of the defendant's loan. If the bank does not make a dunning, it will be judged as exceeding the limitation of action and the loan will be invalid. After the expiration of the three-year limitation period, even if the bank brings a lawsuit to the court, the people's court will reject the appeal on the grounds that the limitation period has expired. However, the limitation period will be interrupted by the filing of a lawsuit, the request of both parties or the borrower's permission to exercise its rights. After the limitation period is interrupted, the three-year limitation period shall be recalculated.

Therefore, in fact, the money owed to the bank will not be invalid in general, because the bank will definitely ask the borrower to pay during the limitation period, and at the same time, it can also bring a lawsuit to the court, and apply to the court for sealing up, releasing the mortgage and freezing the property of the respondent at the same time. After successful prosecution, regardless of whether the respondent is willing to pay the arrears, he can apply to the people's court for compulsory payment of the arrears. This article is mainly about what to do if the bank loan is not available, and the content is for reference only.