Hanging interest lending means that the borrower owes interest and has no money to repay the principal, and then reloans the loan principal without paying off the interest. The interest owed by the original loan has always been recorded in the account, and the interest after refinancing is calculated at the normal interest rate instead of the overdue interest rate.

Loan means that an enterprise or individual applies for a new loan from the bank to repay the previous loan before the loan expires, and after the bank agrees, that is to say, the new loan is borrowed from the bank to repay the old one.