Extension is a business in which you can't repay the loan after the loan expires and apply to the bank for an extension of the loan term. In other words, if you don't extend the loan term, your loan will be overdue, which is not good for the bank, and there are also bad records in your personal credit information system. In addition, even after the extension, you have to pay interest, and generally speaking, the interest rate is higher than the original loan.

Loan extension needs to be applied before the loan expires, and it cannot be extended after the loan expires, so it cannot be reissued and cannot be carried out in the system.