The loan amount refers to the contract amount signed by the borrower and the lender, which is a fixed amount. The total amount of loans refers to the total amount of loans issued by commercial banks before a certain day. Refers to the total credit of an enterprise at the end of the accounting period. Refers to the total amount of loans or financing from banks.
Is the loan balance the principal plus interest?
The loan balance is not the principal plus interest.
1, and the loan balance is the remaining principal of the loan that has not been paid off, excluding interest.
2. The loan balance is equal to the loan principal minus the accumulated repayment principal.
The loan will not be fully paid off until the loan balance is zero.