1. If the repayment date is agreed, the prosecution period at this time is 2 years from the repayment date.
2. If there is no agreed repayment date, the litigation period shall be 2 years when the obligee claims the right, but the longest period shall not exceed 20 years.
Legal basis: People's Republic of China (PRC) Commercial Bank Law.
Article 42 The borrower in the first paragraph shall repay the principal and interest of the loan on schedule.
Paragraph 2 of Article 42: If the borrower fails to repay the secured loan at maturity, the commercial bank has the right to ask the guarantor to repay the principal and interest of the loan or give priority to the repayment of the collateral. Real estate or equity acquired by a commercial bank due to the exercise of mortgage or pledge shall be disposed of within two years from the date of acquisition.
Paragraph 3 of Article 42: If the borrower fails to repay the credit loan at maturity, it shall bear the responsibilities in accordance with the provisions of this contract.