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An extension rolls an active loan into a fresh period on the same terms: same rate, same collateral amount, new deadline. The borrower pays the interest accrued so far in the current period, with a minimum of 30% of that period’s interest, plus the origination fee for the new period. The principal stays borrowed and the collateral never moves. Extensions are opt-in on the lender’s side and manual on the borrower’s side. Nothing rolls over by itself.
Extensions are never automatic. You extend manually, and only before the deadline. Past maturity the lender can claim your collateral as usual. An extendable loan is not a safety net. See Borrowing.

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Lenders: allowing extensions

Allow extensions (“same terms, new deadline”) is a toggle you set when creating an offer. It appears in every offer creation surface: the offer wizard, Pro, the borrow request form, the composer on the Borrow page, and the Multiply lend panel. Loans filled from that offer start extendable. The toggle is only a starting value:
  • After a fill, you can revoke or re-grant the permission per loan
  • Revoking never shortens the period already running; it only prevents the next extension

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Borrowers: spotting and using them

Extendable offers carry a ↻ marker next to their duration everywhere offers are listed: the offer book, the Borrow page, Pro, and collectible cards. Once you fill one, the loan’s row in Dashboard > Positions leads with an Extend button while the loan runs. Repaying stays one click away in the row menu. To extend several loans at once, select them on the Dashboard and extend them together, in fewer wallet prompts.

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What an extension costs and changes

You can extend at any time before the deadline, and you only pay for the time used in the current period. Before confirming, the panel shows exactly what you pay and what changes: The amounts keep updating while the panel is open, because accrued interest grows with time. What to keep in mind:
  • The new deadline replaces the current one rather than adding to it.
  • The origination fee is charged in full each time you extend, even if you extend or repay early afterwards. Extending several times in a row pays it each time.
  • If you paid down part of the principal, the new period’s interest and fee are calculated on what you still owe. See Repayment.
  • The principal and the collateral never move. Only the deadline and the interest clock reset.
Example: on a loan whose period carries $10 of interest, extending halfway through costs $5 of accrued interest plus a $2.50 origination fee. Extending soon after the loan starts, before 30% of the period has elapsed, costs the $3 minimum plus the same $2.50 fee.

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When you can’t extend

The Extend button is disabled, with the reason shown in the row menu and the loan panel, when:
  • The lender has not allowed extensions on this loan, or revoked them. The loan panel shows “Not allowed by lender”.
  • The deadline has passed. Extensions close at the due date, but you can still repay until the lender claims.
  • You have paid down all the principal. Repay the remaining interest to settle the loan.

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Lenders earn every period

Each extension pays the lender the interest accrued in the closing period, at least 30% of that period’s interest, so the capital keeps earning without being redeployed into a new offer. The usual 10% repayment fee applies to that interest. The lender gets a Loan extended notification when it happens (see Settings & Notifications). Extended loans wear an ×N badge, and the loan panel keeps the full extension history: the date, the interest paid, and each new deadline.