In the event that you canвЂ™t spend from the loan within the typical 30вЂ‘day period, the lending company can offer to вЂњroll overвЂќ the mortgage into a brand new loan. However the roll over procedure always adds charges and interest into the quantity you initially borrowed. Say you are taking that loan of $500 for a period that is 30вЂ‘day. You canвЂ™t repay the total $625 plus other costs in the end of thirty days. You can easily just pay $125.