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 again, otherwise it will be treated as overdue loans.
Extended data:
1. Extension time:
When applying for extending the 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.
2. Provisions and treatment:
Whether the loan is extended 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 credited to the overdue loan account from the day after the maturity date.
References:
Baidu encyclopedia-loan extension