What does the Agricultural Bank of China mean by sending a text message [loan has been settled]?
China Agricultural Bank sent a short message saying that the loan has been settled, which means that your loan has been paid off and the loan transaction with the bank has ended.
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.