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Some on-line Payday lenders can allow you to renew your loan for a group amount of your time, whereby you simply pay the interest when the loan comes due till you're ready to pay the complete amount. alternative lenders have a specified variety of times you can renew the loan before the full amount must be paid. Some lenders may enable you to gradually repay the loan, thus each payday you'll be paying the interest due, and a portion of the first loan amount until the whole loan has been repaid.