# Rolling a Loan

# How to Roll a Loan

To roll a loan, look for a roll proposal on your loan details page.

# Why Roll a Loan?

Rolling a loan can be a strategic financial decision for several reasons. Here's why you might need or want to roll a loan:

• Need More Time: If you need more time to repay your loan, rolling it can extend the loan term, providing you with additional time to manage your finances without defaulting.
• Cash Flow Management: Extending the loan term can help manage cash flow by reducing the immediate financial burden of large repayments.

• Better Interest Rates: If market conditions have changed since you took out the original loan, rolling it might allow you to secure a lower interest rate, reducing the overall cost of the loan.
• Flexible Repayment Options: Rolling a loan can offer more flexible repayment options that better align with your current financial situation.

• Simplified Payments: If you have multiple loans, rolling them into a single loan can simplify your payments, making it easier to manage your debt.
• Reduced Interest Costs: Consolidating loans can sometimes reduce the total interest paid over time, especially if the new loan has a lower interest rate.

• Preventing Penalties: If you're at risk of defaulting on your loan, rolling it can prevent penalties and negative impacts on your credit score by restructuring the debt.

• Investment Opportunities: If rolling a loan frees up capital, you might be able to take advantage of investment opportunities that could yield higher returns than the cost of the loan.

Rolling a loan should be considered carefully, weighing the benefits against any potential costs or risks. It's often advisable to consult with a financial advisor to ensure that rolling a loan aligns with your overall financial strategy.