under normal circumstances, the rights and obligations of both borrowers and borrowers will be stipulated in the loan contract, but this agreement is sometimes not very specific. in order to make up for this problem, the law has made clear provisions on this. Then, in law, what are the rights and obligations of lenders? And what are the rights and obligations of borrowers? The following will give you a more detailed explanation. I. What are the rights and obligations of the lender? A loan contract is a contract in which the parties agree that one party will transfer the ownership of a certain kind and amount of currency to another party, and the other party will return the same kind and similar amount of currency within a certain period of time. Among them, the party providing money is called the lender, and the party receiving money is called the borrower. Loan contract is also called loan contract. According to the duration of the contract, it can be divided into fixed-term loan contract, indefinite loan contract, short-term loan contract, medium-term loan contract and long-term loan contract. According to the different industry objects, the contract can be divided into industrial loan contract, commercial loan contract and agricultural loan contract. It is a contract in which the borrower borrows money from the lender, returns the loan at maturity and pays interest. In the loan contract, the lender shall not take advantage of its dominant position to deduct interest from the principal in advance. If the interest is deducted from the principal in advance, the loan will be returned according to the actual loan amount and the interest will be calculated. The lender shall not disclose the business secrets of the borrower to a third party, otherwise, it shall bear corresponding legal responsibilities. The lender's rights mainly include: 1. The right to request the return of principal and interest. 2, the right to supervise and inspect the use of loans. Lenders may supervise and inspect the use of loans as agreed. 3. Stop issuing loans, recover loans in advance and terminate the contract. If the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract. Second, what are the rights and obligations of the borrower? 1. Provide true information. When concluding a loan contract, the borrower shall provide the true information about the business activities and financial status related to the loan according to the requirements of the lender. 2. Use the loan according to the agreed purpose. If the contract has an agreed purpose for the loan, the borrower shall use the loan according to the agreed purpose and accept the supervision and inspection of the lender on the use of the loan. If the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract. 3. Repay the loan principal and interest on schedule. When the loan is free, the borrower must repay the loan principal on schedule; When the loan is paid, the borrower must not only return the loan principal, but also pay the interest as agreed. I hope it can help you to some extent. Through the above introduction, I believe that you should have a certain understanding of the rights and obligations of both borrowers and borrowers. Therefore, when you encounter the other party's violation of your rights or non-performance of your obligations, you can completely pursue the other party's legal responsibility according to the law. If you don't know exactly what to do, then I suggest you consult a professional lawyer.