What does China Bank Fu Deng update to remind you to renew the gas station?

Extend the original loan term. According to the inquiry of China Bank Fu Deng Village Bank official website, in China Bank Fu Deng Village Bank, the renewal of loan means that when the loan expires, the lender goes to the lending institution to go through the mortgage formalities again and extend the original loan term, so the lender can continue to borrow the principal as long as it pays off the interest, so it is also called deferred loan or extended loan.