Loan extension (7)

I believe the answer is:

renewal

(Other definitions for renewal that I've seen before include "Rehabilitation" , "extension of loan period" , "Action of restoration" , "Revitalisation" , "modernisation?" .)

I've seen this clue in The Times.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.