Joke Collection Website - Blessing messages - What does it mean that the loan line of China Postal Savings Bank is terminated?

What does it mean that the loan line of China Postal Savings Bank is terminated?

The termination of the loan line of China Postal Savings Bank means that the loan line has been used up or expired, and the bank will no longer allow borrowers to continue to use it. Under normal circumstances, the borrower needs to pay off the principal and interest of the loan according to the repayment method and time limit agreed in the contract before re-applying for the loan or continuing to use the loan line. If the borrower fails to repay the loan on time, the bank may collect the overdue loan or even take legal measures to recover it. Therefore, when using the loan line, the borrower should plan the funds reasonably and earnestly fulfill the repayment obligation according to the agreed repayment method and time limit, so as not to bring unnecessary economic and legal risks to himself.