But it depends on how you signed the contract at that time. The term of the contract and the term of your loan are two concepts. For example, if you have signed a two-year contract, but your loan is only for one year, you can take it out again after one year, because it is within the contract period, so you don't have to go through the formalities again. You can handle the loan by paying back the money and asking the credit department to issue you a new loan receipt. I hope my answer can help you.