Can Ping An Bank renew its balloon loan without repaying the principal?
You can't. Relevant information of Ping An Bank shows that Ping An Bank balloon loan cannot be renewed without repayment. The premise of renewing the loan is that the previous loan has been paid off. Renewing loan is a term in the field of banking and finance, which refers to continuing to borrow another sum of money with credit and corresponding guarantee. The extension of working capital loan is the behavior of continuing to issue working capital loan to customers.