Rural credit cooperatives cannot lend when they expire in three years and one year. Maybe there is something wrong with your repayment ability, or maybe you didn't repay on time.

As long as the repayment ability and guarantee power of the loan remain unchanged, it can be extended, which is also called borrowing the new and returning the old.

Borrowing the new and returning the old is a common way used by commercial banks in the process of loan issuance and recovery. It refers to the behavior of issuing loans to repay part or all of the original loans after the loan expires (including after the extension) and cannot be recovered on time.

Borrowing the new and repaying the old is beneficial for commercial banks to complete the task of revitalizing and collecting loans, overcome the legal restrictions of litigation, further clarify the relationship between creditor's rights and debts, and may require borrowers to improve or strengthen guarantees and weaken the risk of spot loans.

However, borrowing the new and returning the old has a negative impact on social credit to a certain extent, and the credit concept of "borrowing and returning" of enterprises is further weakened; To some extent, it covers up the real situation of credit asset quality, delays the exposure time of credit risk, and precipitates and accumulates credit risk; There are considerable legal risks in the procedure of handling new loans.