Borrowers should pay attention to the following issues when applying for extension: (1) Whether the loan can be extended depends on the rural credit cooperatives. If the rural credit cooperative does not agree to the extension application, the borrower still has to find ways to repay the loan principal and interest on time. If the loan principal and interest are not repaid on time, the rural credit cooperatives will impose penalty interest on the borrower as agreed in the contract. Rural microfinance (2) loans can only be extended once. (3) The state stipulates that the extension period of short-term loans shall not exceed the original loan period; For loans other than short-term loans, the extension period shall not exceed half of the original loan period. (4) After the loan is extended, the loan term is extended and the corresponding interest rate will also change. At present, the provisions of rural credit cooperatives on the implementation interest rate of extended loans are: the original term of the loan plus the extension term, and the interest rate standard of this grade is implemented. Therefore, after the loan is extended, the interest rate will be raised accordingly.