Legal analysis: loan extension refers to a method to extend the loan term with the approval of the bank credit department. According to the provisions of the General Rules for Loans, if the loan cannot be repaid on schedule, the borrower shall apply to the lender for loan extension before the loan expires.

Legal basis: Article 12 of the General Principles of Loans: Loan extension: If the loan cannot be repaid on schedule, the borrower shall apply to the lender for loan extension before the loan expires. Whether the extension is decided by the lender. When applying for extension of secured loan, mortgage loan or pledged loan, the guarantor, mortgagor and pledgor shall also issue a written consent certificate. If there is an agreement, it shall be implemented in accordance with the agreement.

The cumulative extension period of short-term loans shall not exceed the original loan period; The cumulative extension period of medium-term loans shall not exceed half of the original loan period; The cumulative extension period of long-term loans shall not exceed three years. Unless otherwise stipulated by the state. If the borrower fails to apply for extension or the application for extension is not approved, the loan will be transferred to the overdue loan account from the day after the maturity date.