Is it possible to refuse a loan after receiving it?

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Anyone can find themselves in a situation where the loan they received becomes an unbearable burden or loses its relevance. How to act in this case, how to refuse the loan? The questions were answered by the CEO of EUS Andrey Goloshchapov.

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Content

Is it possible to refuse a loan?
What is the deadline for refusing a loan?
When you can’t refuse a loan
Refusal of a loan before signing an agreement
Is it possible to refuse a loan after signing the contract?
Sample loan waiver application
How does loan refusal affect your credit history and the attitude of banks
Summary of the article


Is it possible to refuse a loan?
Life is changing rapidly, so any client can change chile whatsapp phone number their mind about taking out a loan. For example, a person's vacation may be disrupted or an important event may be cancelled.

It also happens that the client acts emotionally. For example, one day he decides to borrow money for a large purchase, and then soberly assesses the situation later. Having studied the terms of the loan without emotions, he understands that the financial burden will be unbearable for him.

Or the client decides to carefully study the loan agreement already at the finish line before signing and realizes that he was counting on different conditions.

Any recipient of a loan can refuse it and it can be recouped if :

the bank approved the loan application, but the parties have not yet signed the agreement;
the loan agreement has been signed, but the money has not yet been transferred to the client;
if the funds have already been transferred.
At all these stages, you can refuse the banking service, but it is easiest to do this before signing the loan agreement. The sooner you turn the situation around, the easier it will be to go through the refusal procedure.

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