If the lender can't repay the loan on time, it can apply for deferred repayment. Deferred repayment means that before the original loan term expires, the lender negotiates with banks or financial institutions to extend the loan repayment term for a certain period of time.

The steps for applying for deferred repayment are as follows:

Communicate with banks or financial institutions, explain the reasons for repayment difficulties, and apply for deferred repayment.

Submit the materials needed to apply for deferred repayment, such as the lender's financial status certificate and repayment ability certificate. Banks or financial institutions review the application materials and decide whether to approve the deferred repayment. If approved, a new loan contract will be signed, specifying the time limit and other terms of deferred repayment. Repay on time according to the new loan contract. The advantage of deferred repayment is that it can improve the repayment ability of the lender and reduce the repayment pressure. But at the same time, we should also pay attention to the fact that delaying repayment will increase the loan cost of the lender, because the interest will continue to increase. Therefore, when applying for deferred repayment, we should carefully weigh the pros and cons to ensure that we have the ability to bear the risks brought by deferred repayment.