What is Zhongrong Small Loan Deduction Account?

Zhongrong small loan deduction account refers to the bank account set up by Zhongrong small loan company to deduct money from borrowers.

1. After signing the loan contract, the borrower needs to provide his bank account information to Zhongrong Small Loan Company so that the company can automatically deduct money from the account according to the agreed repayment plan.

2. This can guarantee the borrower to repay the loan on time and reduce the overdue risk. Therefore, Zhongrong Small Loan Deduction Account refers to a bank account set up by Zhongrong Small Loan Company to deduct money from borrowers.

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