Rights of the borrower: Have the right to apply for a loan from the agency of the host bank or other banks, and obtain the loan according to the conditions. Have the right to withdraw and use all loans as agreed in the contract. Have the right to refuse additional conditions other than the loan contract. Have the right to report relevant information to the lender's superior bank and the People's Bank of China. Have the right to transfer the debt to a third party after obtaining the consent of the lender.
Obligations of the Borrower: The Borrower shall truthfully provide the information required by the Lender, except those that cannot be provided by law, and shall truthfully provide all the account banks, account numbers and deposit and loan balances to the Lender, and cooperate with the Lender in investigation, examination and inspection. Accept the lender's supervision over the use of its credit funds and related production, operation and financial activities.
The loan shall be used for the purposes agreed in the loan contract. The loan principal and interest should be paid off in time according to the loan contract. If all or part of the debt is transferred to a third party, the consent of the lender shall be obtained. When the creditor's rights of the lender are endangered, the lender shall be informed in time and preservation measures shall be taken at the same time.
A bad place to borrow money
It is easy to borrow money, but it is not necessarily a good thing. It will amplify people's desires and lead to excessive consumption, but forget that the money needs to be paid back later. Some people have no capital investment, or lack capital, and hope to get high returns by borrowing money to invest. Once they fail, the family economy will immediately fall into crisis.
Lending itself is a very common thing. If used well, it is beneficial to individuals and society. Reasonable lending is also worth encouraging. But if a person lacks self-discipline and restraint, the more he borrows, the negative harm he will bring will only be to himself, his family and society.