Legal analysis: There is no clear law about how long the shareholders must repay the loan. The general repayment period is agreed by both parties. The borrower shall repay the loan within the agreed time limit. If there is no agreement or unclear agreement on the loan term, it can be supplemented by agreement; If a supplementary agreement cannot be reached, it shall be determined in accordance with the relevant provisions of the contract or trading habits. If it is still uncertain, the borrower can return it at any time; The lender may urge the borrower to return it within a reasonable period of time. If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations. If the borrower repays the loan in advance, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan period. The borrower may apply to the lender for extension before the repayment period expires; If the lender agrees, it can be extended.
Legal basis: Civil Code of People's Republic of China (PRC).
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.
Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.
Article 677 Where the borrower repays the loan in advance, unless otherwise agreed by the parties, the interest shall be calculated according to the actual loan period.
Article 678 The borrower may apply to the lender for extension before the repayment period expires. If the lender agrees, it can be extended.