Bank renewal is one of the most commonly used loan methods for banks and borrowers, which is suitable for users with capital needs. As a way of credit financing, bank loans, whether credit loans, secured loans or mortgage loans, must be repaid on time. Bank renewal does not need to be re-evaluated, and is usually only provided to old customers and quality customers.
What do you mean by the reason for changing and renewing the loan?
For the change of loan renewal, banks generally believe that the amount previously reviewed is inconsistent with the actual situation of current customers, and banks may formulate a plan to terminate the loan or reduce the amount.
In that case, let's see if there are any inquiries about other loans in the last six months. Whether other credit liabilities have increased in the past year and whether the monthly income has changed.