Borrowing new and repaying old is an operation method often used by commercial banks in the process of loan issuance and recovery. It means that after the loan expires (including expiration after extension), it cannot be recovered on time, and the loan is re-issued to repay part or all of the original loan.

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Borrowing new loans to repay old ones is conducive to commercial banks' revitalization and completion of loan collection tasks, overcomes the legal restrictions of statute of limitations, further clarifies the creditor-debt relationship, and may require borrowers to improve or strengthen guarantees and weaken current loan risks.

However, borrowing new and repaying old has a negative impact on social credit to a certain extent, and the corporate credit concept of "borrowing and repaying" has been further weakened; to some extent, it has concealed the true status of credit asset quality and delayed the exposure time of credit risks.

, precipitating and accumulating credit risks; the procedures for handling new loans imply considerable legal risks.