The General Rules for Loans in People's Republic of China (PRC) stipulates that the cumulative extension of long-term loans shall not exceed several years.
Three years. If the borrower fails to apply for extension or the application for extension is not approved, the loan will be credited to the overdue loan account the day after the maturity date. The cumulative extension period of long-term loans shall not exceed the original loan period, the cumulative extension period of medium-term loans shall not exceed half of the original loan period, and the cumulative extension period of long-term loans shall not exceed 3 years. Unless otherwise stipulated by the state.