If the loan term is within one year and the loan principal and interest are repaid in one lump sum, and the borrower cannot repay the loan principal and interest within the time limit agreed in the contract, it shall apply to the lender for extension, and the specific extension conditions shall be implemented in accordance with the relevant documents of Bank of China. After the application for extension is approved by the lender, the borrower and the lender shall sign an extension agreement. The extension agreement shall be agreed in writing by the mortgagor (pledgor) and the guarantor, and the mortgagor (pledgor) shall go through the extension registration and insurance procedures; If the loan is repaid in installments, it may not be postponed, but both borrowers and borrowers can negotiate to restructure the loan.

Due to differences in business in individual regions, please consult our acceptance outlets or call our customer service hotline 95566 (please call +86 10-95566 for overseas and Hong Kong, Macao and Taiwan regions) for details.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

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