Hello, we are talking about bank loans today. Many chose to apply for loans at times of economic tension for reasons other than those arising from lower interest rates on bank loans. However, loans must be repaid in a timely manner. Today we are particularly concerned about the policy of recruiting banks for loans, namely, whether they can apply for an extension of repayment

Can you apply for an extension of your bank loan

First, the answer is no. Commercial banks do not allow loans to be deferred. In exceptional cases, such as credit card repayments, a three-day grace period was introduced for ordinary users, and the completion of repayments during that period would not affect personal calls. If you really want to delay the payment and the deadline exceeds the three-day grace, then call the commercial bank's customer service, and you will have to follow the bank's approval。

What if the loan doesn't come back? We have a few suggestions for you. First, you should consult with the bank on your own initiative, and if you find out that you cannot repay the loan on time, you should contact the loan bank, preferably directly with the head of the bank's network, and honestly inform him of your current difficulties and express your willingness to pay. Secondly, you can also borrow from your family and friends on a temporary basis and return it after the passing gap period. Finally, you can apply to the bank for a loan extension, but this requires certain conditions。

It is hoped that this article will be useful in the context of the question of whether you can apply for a loan extension from a commercial bank, and how the loan should be treated if the loan is not repayable. Thank you for reading and watching