Operation process:
(1) When applying to Bank of Communications for extending the loan term, the borrower shall provide the following materials:
1, original house mortgage loan contract;
2. Original property ownership certificate of the house purchased (if any).
(2) After the examination and approval of Bank of Communications, the parties concerned sign the Change Agreement.
(3) Notarization of change agreement.
(4) go through supplementary insurance procedures.
(five) to go through the registration formalities for the change of loan term.
Requirements:
1. The borrower shall repay the mortgage loan in full and on time;
2. If the borrower suffers from serious illness or major changes in work and family, the borrower shall provide corresponding certificates.
3. The extended loan period (including the borrowing period) shall not exceed 30 years (the second-hand house shall not exceed 20 years).