1. What is a loan account?
A loan account refers to an account opened by a borrower in a bank, mainly to facilitate loan repayment.
2. What is the loan account number?
The loan account refers to the bank that serves the primary lender (or corporate institution) when applying for personal (enterprise) loan business from its designated commercial bank. The designated personal (corporate institution) bank account of the bank where the loan amount is issued to the main lender within the term of the loan contract, and the main lender (corporate institution) shall present the relevant personal (corporate) certificates to apply.
A deposit account refers to a bank settlement account opened by a depositor at a banking institution other than the bank where the basic deposit account is opened for borrowing or other settlement needs. According to regulations, depositors can apply to open a general deposit account as long as they have borrowing or other settlement needs. This account can handle cash deposits, but cannot handle cash withdrawals.
3. What is a credit account? What rights do customers, companies, and banks have in this type of account...
The so-called credit account refers to the borrower (including companies and individuals) ) After applying to a financial institution for a loan business, an account number is given by the financial institution for the loan, which is used to distinguish the loan business in your name. This kind of account is based on the borrower's application information when applying for a loan, and only handles accounting for the borrower's loan and repayment. The bank has the right to open and close the account (the account can be closed once the loan is repaid). Once the account has a balance to prove that the borrower's liabilities still exist and cannot be closed, the borrower must fulfill its repayment obligations. , until it is paid off. In other words, the loan account is a tool created by the bank to manage and distinguish the borrower's borrowings, and its management power lies with the bank.