I can't repay the loan and apply to the bank for an extension. Apply to the bank for extension within 30 days of the maturity date, and go through the extension formalities within 10 days of the maturity date. During the extension period, the outstanding loans in the current period shall be returned (repaid in installments) and all interest shall be settled.

The cumulative extension period of short-term loans (within one year, including one year) shall not exceed the original loan period; The extension period of medium-term loans (more than one year, less than five years, including five years) shall not exceed half of the original loan period; The cumulative extension period of long-term loans (more than five years) shall not exceed three years.

The latest Measures for the Administration of Personal Loans also stipulates that the cumulative extension period of personal loans within one year (inclusive) shall not exceed the original loan period; For personal loans of more than one year, the cumulative extension period and the original loan period shall not exceed the maximum loan period stipulated by the loan variety.