Lending is called borrowing the new to repay the old, and renewing the loan is to apply for a loan from the lending institution again when the original loan has not been repaid. So what is the direct difference between refinancing and renewing loans? Let's get to know each other. The difference between refinancing and loan renewal is different in nature: refinancing can be divided into two situations, one is to transfer the loan in one's own name to someone else's name, and the other is to apply for a new loan from the bank to repay the old loan before the loan expires; Renewing a loan means that a borrower applies to a lending institution for a second loan on the premise of an existing loan with good personal credit. 2 Different application situations: Lending is usually applied in the process of buying and selling second-hand houses. After the second-hand house seller's loan is not settled, the loan will be transferred to the buyer's name; However, the renewal of loans mostly occurs in preferential loans such as student loans. The above is the introduction of the difference between refinancing and renewal, hoping to help.