Loan Extension Agreement Template

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Updated May 17, 2022

A loan extension agreement allows the maturity date to be extended on a current note. The agreement amends the current loan along with any other terms agreed upon by the lender and borrower. This is especially common when the borrower has fallen behind on their payments in order to restructure the payment schedule.

Extend Many Types of Loans

Below are the common types of loans that may be extended by use of this agreement:

  • Auto Loans;
  • Business Loans;
  • Construction Loans;
  • Mortgages;
  • Payday Loans;
  • Personal Loans; and
  • School Loans.

(Video) How Does a Loan Extension Agreement Work?