1. If you can pay the interest on the normal loan, I suggest you apply to contact the loan bank to request an extension of the loan first. Loan extension refers to the behavior of the lender to postpone the repayment of the loan after obtaining the approval of the loan bank. If the loan cannot be repaid at maturity, the formalities for extending the repayment time of the loan shall be handled after approval.
2. Extend the loan term, explain the willingness to repay, the fact that the loan cannot be repaid temporarily and the future repayment plan. The loan must be repaid at maturity, which is the credit principle that the company must abide by and the premise for the bank to speed up the loan capital turnover. If the company has special circumstances and can't repay the loan on time, an application statement should be issued. After the approval of the bank, the repayment time can be extended, but the transfer formalities are required, otherwise the loan will expire.
3. Temporarily repay the loan interest on time. Under normal circumstances, we will apply to the loan bank for an extension one month in advance. The loan term shall not be less than the original loan term: the short-term loan term shall not exceed the original loan term; The medium-term loan term shall not exceed half of the original loan term; The term of long-term loans shall not exceed 3 years.
First of all, to handle this business, you need to meet the following conditions:
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).
Operation process:
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).
3. After the approval of the bank, the parties concerned sign a change agreement.
4. Notarization of the change agreement.
5. Go through the supplementary insurance procedures.
6. Go through the registration formalities for the change of loan term.
legal ground
People's Republic of China (PRC) Civil Code
Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.
Article 677 Where the borrower repays the loan in advance, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan period.
Article 678 The borrower may apply to the lender for extension before the repayment period expires. If the lender agrees, it can be extended.