Joke Collection Website - Public benefit messages - Can other banks deduct loans from Yangzhong Rural Commercial Bank?

Can other banks deduct loans from Yangzhong Rural Commercial Bank?

No.

Rural commercial bank, referred to as: Rural commercial bank, is a joint-stock local financial institution composed of farmers, rural industrial and commercial households, corporate legal persons and other economic organizations within its jurisdiction. mechanism.

Loan means that banks, credit unions and other institutions lend money to units or individuals who use the money, and generally stipulate interest and repayment dates. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Interest refers to the remuneration paid by the borrower to the lender for the right to use funds. It is the use price of capital (that is, the loaned principal) within a certain period of time. Loan interest can be calculated in detail through the loan interest calculator.