It is the deposit and loan amount of financial institutions at a certain point, in which financial institutions mainly include commercial banks and policy banks, non-bank credit institutions and insurance companies.
The total loan amount is the loan amount agreed by the borrower and the lending institution when signing the loan contract, which is a fixed amount, and the loan balance is the outstanding loan. If the relationship between total loan amount and loan balance is explained by a formula, then loan balance = total loan amount-repaid loan amount.
Extended data:
Precautions:
1. When applying for the loan amount, we must be moderate and fully consider the financial situation and financial habits of individuals and families. Usually, the monthly repayment amount should not exceed 50% of the total family income.
2. Keep a good credit record. Once the credit record is bad, it will directly affect the operability of the loan and may even be refused by the bank.
3. When making a loan, you should provide real personal information to the bank, cultivate a good sense of integrity from the beginning, and never provide false information, otherwise it may be blacklisted by the bank and rejected by all banks. When personal information changes, it should inform the bank in time.
4. The loan applicant should have a stable source of income and have the willingness and ability to repay. Office workers should provide proof of unit salary, bank running water and so on. , and companies or self-employed individuals should provide information on their operating conditions, and provide bank running water, physical assets (such as real estate) and financial assets (such as bank deposit certificates and government bonds).
Baidu encyclopedia-loan balance
What does the loan balance mean?
The loan balance refers to the total loan that the borrower has not returned to the lender before a certain node date. Also refers to the outstanding loans at the end of the accounting period, and the outstanding loan balance is equal to the total loan MINUS the repaid loan. Total loan refers to the total amount of loans issued by financial institutions before a certain date, which is the total amount of credit incurred by enterprises at the end of the accounting period. It represents the total amount of loans or financing borrowed by enterprises from financial institutions.
The loan balance refers to the remaining money borrowed by the borrower from the lender, that is, the balance that the borrower has not returned is the loan balance. Usually, the calculation method of loan balance is that the lender's total loan is subtracted from the amount repaid by the lender, that is, the amount unpaid by the lender is called loan balance. Usually, the loan balance refers to the outstanding principal, regardless of the interest amount.
Interest should belong to the expenses attached to the loan, which is something negotiated by both parties when signing the loan contract, not the loan amount, and will increase with the increase of the loan time, so it is difficult to accurately calculate the exact amount of interest, so the interest generated by the loan is usually not included in the loan balance. Only a few platforms will include it.
Interest refers to the remuneration paid by the borrower to the lender in order to obtain the right to use the funds, which is the use price of the funds in a certain period (that is, the loan principal). The loan interest can be calculated in detail by the loan interest calculator. In civil law, interest is the legal fruit of principal.
Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
The benchmark interest rate is a universal reference interest rate in the financial market, and other interest rate levels or financial asset prices can be determined according to this benchmark interest rate level. Benchmark interest rate is one of the important prerequisites for interest rate marketization. Under the condition of interest rate marketization, financiers measure financing costs, investors calculate investment returns, and management regulates macroeconomics.
Objectively, a universally recognized benchmark interest rate level is needed as a reference. Therefore, in a sense, the benchmark interest rate is the core of the formation of interest rate marketization mechanism. Simply put, you usually deposit money in the bank and he gives you interest. The greater the benchmark interest rate, the more interest; The smaller the benchmark interest rate, the smaller the interest.
What do you mean by outstanding balance?
Outstanding balance usually refers to the tail left after the loan is repaid, including the outstanding loan principal and interest payable.