A person can borrow twice at the same time, but it will affect the amount, and there are many restrictions. Loans from different places and previous loan records will affect your loan, and the interest rate of the second loan will rise.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.