Can the car loan be extended during the epidemic? Yes, it can be postponed.

Car loans affected by the epidemic during the epidemic period can be postponed. For people who have been hospitalized or protected by COVID-19, people who have been isolated by COVID-19's prevention and control, and people who have no income due to the epidemic, financial institutions need to give some grace in the loan policy, and will flexibly adjust the repayment arrangements of personal loans such as housing mortgage and credit card, effectively delaying the repayment period. The above is the relevant content of whether the car loan can be extended during the epidemic.

Is there a SMS notification for car loan repayment?

SMS notification of car loan repayment. When applying for a car loan, the lender will reserve a mobile phone number to receive messages. Before repayment, the lending institution will automatically send a text message to the applicant's mobile phone number, including the applicant's name and the amount to be repaid. If you haven't received the SMS repayment notice sent by the system before the car loan is settled, you can bring your ID card to the loan bank and ask it to open SMS reminder again.

How long can a car loan be overdue at most?

Generally speaking, there is no grace period for car loan repayment, that is, car loans cannot be overdue. If there is not enough money in the bank card for the system to deduct money after repayment, it will become overdue the next day, but it will not be a big problem in a few days and can be settled in time. However, it should be noted that if it is overdue for more than three months, the car will be seized, and then it will be auctioned, and personal credit will also be affected, that is, it will be reported to the credit bureau. Once it is reported, it will not be cleared for five years.

Can the repayment date of car loan be changed?

The repayment date of the car loan can be changed, but it is troublesome for the lender and the lending institution to communicate and negotiate, and it is necessary for the borrower and the lender to re-sign the loan contract or supplement an agreement. If the lender does not agree to change the repayment date, the lender needs to repay the loan on time. Some lenders want to change the loan date, which may be that the repayment date is not convenient for individuals. If this is the case, it is best to negotiate with the lending institution before the loan, and do not make any changes after the loan. That will bring inconvenience to the lender to repay the loan according to the terms agreed in the contract during the loan period. If it is maliciously overdue, the mortgaged car may be used by lending institutions to pay off debts, causing no small loss. After the car loan is repaid, the user has to go to the lending institution to get the vehicle registration certificate back until the mortgage is lifted. This article is mainly about the knowledge of whether the car loan can be extended during the epidemic, and the content is for reference only.