> ## Documentation Index
> Fetch the complete documentation index at: https://docs.jup.ag/llms.txt
> Use this file to discover all available pages before exploring further.

# Loan Extensions on Offerbook

> Roll an active Offerbook loan into a fresh period on the same terms, instead of repaying it

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 closing period's interest, 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.

<Warning>
  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](/user-docs/earn/offerbook/borrowing).
</Warning>

## 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](/user-docs/earn/offerbook/pro), the borrow request form, and the Loop 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

## 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](/user-docs/earn/offerbook/pro), and collectible cards.

Once you fill one, the loan's row in **Portfolio > Loans** leads with an **Extend** button while the loan runs. Repaying stays one click away in the row menu.

## What an extension costs and changes

Before confirming, the panel shows exactly what you pay and what changes:

| Line            | Meaning                                                                                            |
| --------------- | -------------------------------------------------------------------------------------------------- |
| Interest        | The closing period's interest, paid now                                                            |
| Origination fee | The protocol fee on the new period. See [Fees and Costs](/user-docs/earn/offerbook/fees-and-costs) |
| New deadline    | The fresh period, starting when the transaction confirms                                           |

Two things are worth knowing:

* The new deadline **replaces** the current one rather than adding to it. Extending the day you take the loan wastes the time you already paid for, so **extending near expiry gets you the most**.
* The principal and the collateral never move. Only the deadline and the interest clock reset.

## Lenders earn every period

Each extension settles the closing period's interest to the lender immediately, so the capital keeps earning without being redeployed into a new offer.

Extended loans wear an **×N badge**, and the loan panel keeps the full extension history: the date, the interest paid, and each new deadline.