The difference between loan and arrears: 1, the loan must be arrears, and there is a borrowing relationship. The arrears are not necessarily loans, but only arrears; 2. The reason for the formation of the loan is the specific loan facts, and the arrears can be generated based on various facts, such as buying and selling, labor services, contracting, damages, etc.

legal ground

Article 667 of the Civil Law of People's Republic of China (PRC) is a loan contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest. Article 668 A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.