If the loan can't be repaid on time, you should apply to the bank to extend the loan term immediately.
3. The bank will decide the extension time according to your loan term: the extension time of short-term loans should not exceed the original loan term, the extension time of medium-term loans should not exceed half of the original loan term, and the extension time of long-term loans should not exceed three years.
4. If the mortgage is overdue, whether it is a commercial loan or a provident fund loan, the lending bank will see the overdue information for the first time.
5. Even if it is overdue for one day, some strict banks will enter the overdue information into the central bank's credit information system, and the credit information system will have overdue records. It will be very troublesome to apply for a credit card or loan in the future. Even if the loan can be approved, the loan amount will be much lower.
Extended data:
1. Short-term overdue treatment: generally due to personal negligence. Not all overdue personal credit reports will be displayed in time. Usually the update of the credit information system will be delayed for several days. What the loan needs to do in a short time is to make up the arrears and actively communicate with the bank.
2. Handling loans overdue for more than three months: The credit report has shown that what needs to be done is to pay off the default interest in addition to the arrears, and maintain a good repayment habit in the future loan period. After five years, bad credit records will be automatically eliminated. It is worth noting that most loans except mortgages only refer to the credit records within two years.
3. Other unexpected reasons for overdue treatment: If it is overdue due to unemployment, illness, going abroad and other reasons, you can go to the bank to issue a "non-malicious overdue certificate", and the bank will investigate the actual situation. As long as the reasons for overdue are verified, the bank will generally issue a certificate.
4. Loan "overdue": "overdue" means that the overdue credit report is not caused by itself, but by the malicious behavior of others. At this time, you need to contact the bank to explain the situation, and then you need to submit an "objection application" to the credit information center. Generally, such bad loans overdue records can be cleared after 15 working days.
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