What does entrusted loan mean?
Two. What kind of account does entrusted loan belong to?
Asset category.
3. What subject does the entrusted loan belong to?
When an enterprise entrusts a bank or other financial institution to lend to other units, it can change the subject of "1303 loan" to "1303 entrusted loan", which is accounted for separately and not transferred to the subject of "held-to-maturity investment". Interest income generated by entrusted loans cannot be included in investment income, but should generally be included in other business income.
Entrusted loan:
Entrusted loan refers to the loan issued by a trust institution according to the requirements specified by the client. The source of funds for this kind of loan is special trust deposit, and the lender decides that the trust institution will only undertake, supervise the use, recover at maturity and collect interest, and charge a certain fee regardless of profit or loss.
Application conditions:
The trustor and the lender shall open a settlement account with the administrative department for industry and commerce (or supervisory department), other economic organizations, individual industrial and commercial households or banks with full capacity for civil conduct; The source of entrusted funds must be legal and have independent control; To bid for entrusted loans, you must bear the loan risks alone; Need to pay taxes, and cooperate with the trustee to handle other requirements.
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4. Is Jiangsu Rural Commercial Bank Sunshine E Loan an online loan?
Sunshine e-loan is a credit loan product launched by Jiangsu Rural Commercial Bank. Generally, this kind of credit loan product does not need to provide mortgage when applying. You can apply for loan products as long as you meet the credit requirements stipulated by the bank.
In the actual loan, although the bank will strictly examine the user's credit information, the applicant still needs to meet some other conditions stipulated by the bank in order to successfully apply for a loan.