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The borrower suddenly died, is the loan still to be paid?

Time: 2014-03-20         Source: Rong 360 original         Author: Chen Li

People have a good fortune, and the loan is convenient for many people. However, if the borrower unfortunately dies suddenly, will his loan be paid back?

In fact, this issue requires specific analysis of the specific situation. Let me talk about natural people first.Secured loanIn the case that if the borrower or the other third party signs a joint repayment obligation with the lending institution when the borrower applies for the loan, the lending institution will require the guarantor to perform the guarantee obligation if the borrower has long-term arrears. , assume joint and several repayment obligations, and repay the remaining debts.

In the second case, the borrower chose the house without any third party guarantee.MortgageIn the case, if the overdue time reaches the time of about half a year, the lending institution will generally file a lawsuit for the house auction with the court, and the auction proceeds will be used to pay off the arrears. Of course, if the family members of the missing person make repayments on their behalf, then after the loan is fully repaid, the family members can go through the mortgage deregistration procedure and then save the house.

In the third case, the borrower originally choseUnsecured loanIf neither collateral nor third party joint liability is provided, then the loan will not be repaid.

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