According to the regulations of China Banking Regulatory Commission, a loan cannot be extended for more than two times. In fact, each loan can only be extended once at most. It also stipulates the extension time, which shall not exceed half of the original loan term. If the loan term is 1 year, the extension of the loan application can be extended by up to 6 months. The above is the relevant content of how many times the loan can be extended.

What do you mean by loan extension?

Loan extension refers to the behavior that the borrower delays the repayment of the loan after applying to the loan bank and obtaining permission. In case of emergency, if the company is really unable to repay the loan on time after the loan expires, it can clearly apply to the lending institution, explain the reasons, and go through the extension formalities after verification and approval by the bank, which can extend the repayment time. However, there are certain requirements for loan extension. Generally, you need to apply to the loan bank for extension 30 working days in advance, and there are certain restrictions on extension. The extension of short-term loans cannot exceed the original loan term. The extension period of late loans cannot exceed half of the original loan period, and the extension period of long-term loans cannot exceed 3 years at most.

The difference between loan extension and loan extension

1. Loan extension and loan extension are essentially different, and loan extension and loan extension are different loan commodities. Extension refers to extending the service life of the loan with the approval of the bank, and renewal refers to making another loan with the borrower's reputation and corresponding guarantee measures;

2. Bank loan extension is unable to repay. Bank loan extension is divided into first repayment and non-repayment. Bank loan extension is poor management, and bank loan extension is the normal operation of borrowers;

3. The loan amount of bank loan extension is different from that of bank loan extension. The renewal amount is not limited by the original loan amount, and the extension amount of the bank loan cannot exceed the original loan amount, but can only be lower than the original loan amount;

4. The loan term of bank loan extension is different from that of bank loan extension. There is a clear deadline for the extension of bank loans, but there is no limit to the extension of bank loans.

This article mainly writes that the loan extension can show some related knowledge points several times, and the content is for reference only.