The total loan amount is the loan amount agreed by the borrower when signing the loan contract with the lending institution, 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 the company or self-employed to provide information to explain the operating conditions, provide bank flow, physical assets (such as real estate), financial assets (such as bank certificates of deposit, national debt).
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