How long will the car loan be overdue and I will contact the guarantor?

Loans overdue can claim compensation from the guarantor within 90 days. At present, bank loans adopt the principle of five-level classification, and it takes 90 days for loans to enter the second level normally. Banks generally don't sue when they don't enter the second level.

1In May 1998, the People's Bank of China formulated the Guiding Principles for Loan Classification with reference to international practices and China's national conditions, requiring commercial banks to classify loan quality into five categories according to the actual repayment ability of borrowers, that is, according to the degree of risk, loans are classified into five categories: normal, concerned, secondary, doubtful and loss, and the last three categories are non-performing loans.