Loan amount and term The loan term refers to the natural day after the borrower applies for a loan, excluding the unexpired loan. For example, the term of the loan amount is 10 year, and the borrower can recover the loan funds within 10 year.

During the loan period, it refers to a financing method in which the borrower pays the loan principal by deposit unit or repayment. Generally, there are one year and two years, and the borrower can choose the term according to his own situation.

2. What is the loan term?

The loan amount refers to the amount you have the right to borrow from the bank (no loan has occurred). Of course, there must be a time limit, after which the amount will be invalid or changed.

The loan term refers to the time from the loan date to the maturity date after you actually borrow money.

3. What is the term of the loan balance?

The term of the loan balance refers to determining the maximum credit line of the borrower according to the borrower's operating income, actual capital demand, assets and liabilities and the value of the collateral provided.

4. What is the term of the loan amount and what is the difference between it and the loan term?

The loan amount refers to the amount you have the right to borrow from the bank (no loan has occurred). Of course, there must be a time limit, after which the amount will be invalid or changed.

The loan term refers to the time from the loan date to the maturity date after you actually borrow money.