If the loan cannot be repaid when it expires, the repayment time can be extended upon approval. The due date of payment is called the grace period.

If the enterprise encounters special circumstances and is indeed unable to repay the loan on time, it should submit an application and explain the situation. After the bank's review and approval, the repayment time can be extended, but it needs to go through the rollover procedure, otherwise it will be extended according to the loan Overdue processing.

Repay the loan if you can on time. This is a credit issue. If the overdue payment is serious, you will be complained.

Loan extension is a procedure for extending the repayment time upon approval if the loan cannot be repaid when it expires. Loans must be repaid when they are due, which is a credit principle that enterprises must abide by and is also a prerequisite for banks to accelerate the turnover of credit funds.

If the enterprise encounters special circumstances and is indeed unable to repay the loan on time, it should submit an application and explain the situation. After review and approval by the bank, the repayment time can be extended, but it needs to go through the rollover procedure, otherwise it will be regarded as overdue. Loan Processing.

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