serious
Second, how to deal with trust loans?
Not yet. You can ask if there is a minimum repayment amount and give yourself a buffer period.
3. What will happen if Yunnan Trust is overdue?
Legal analysis: it will generate high overdue interest, need to bear the corresponding liability for breach of contract, and may be required to repay the loan.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 671 Where the lender fails to provide the loan on the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.
If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.
Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.
4. What should I do if the mortgage loan to Minmetals International Trust is not repaid?
Apply for loan extension at an international trust company. The application shall explain in detail the reasons why the loan principal and interest cannot be repaid on schedule, and explain the relevant measures to be taken to repay the loan after the extension, so as to obtain the consent of the lender to postpone the loan. The general loan extension period is half of the original loan term, that is, the term is half of the original loan term.