How long will the overdue car loan be locked?

Overdue car loans are generally locked by banks after a certain number of days of continuous overdue.

Detailed description:

1. Banks usually take the first collection measures after the borrower's car loan is overdue for 30 days, including telephone reminder and SMS notification. If the borrower pays off the overdue money within this period, no further measures will be taken.

2. If the borrower is overdue for more than 60 days, the bank may take more severe collection measures, such as door-to-door collection and sending collection letters, to urge the borrower to repay the arrears.

3. If the borrower is overdue for more than 90 days, the bank has the right to default on the vehicle, including locking the vehicle. Banks usually lock vehicles in a contractual way so that they cannot start or drive.

Locking the car is a means for banks to force repayment, with the purpose of forcing borrowers to pay off their debts. Once the vehicle is locked, the borrower must contact the bank in time and repay the arrears before unlocking the vehicle.

5. These regulations are summarized according to the common automobile loans in Chinese mainland, and the specific overdue treatment methods may be different due to bank policies, contract terms and other factors.

Summary:

How long the overdue car loan will be locked depends on the specific situation. Generally speaking, if the borrower is overdue for more than 90 days in a row, the bank may take compulsory measures such as locking the car. However, different banks and contract terms may be different, so borrowers should know the repayment requirements and overdue treatment methods stipulated in the contract in time, and must repay on time.

Extended data:

Overdue car loan refers to the borrower's failure to repay the loan at the time and amount agreed in the contract. Banks usually collect overdue loans and take corresponding measures according to the contract terms. Overdue repayment may lead to damage to credit records, affecting personal credit rating and future lending ability. Therefore, borrowers should keep good repayment records to avoid overdue car loans.