Private lending-Expired term but continued loan

[Raj G.]

Hi,

I did a private lending, term was 1 year. there was a clause that borrowed can extend loan (if lender is ready) for 2 times, each time for 3 months. but borrower has to pay 1 point for each extension(3months). so extension can be done total 6 months.

Now, after 1 year, borrower keep paying interest .

3 years went like that.

Now Borrower wants to pay off. in such case what should be Loan extension point added.

Thanks