What is a credit balance?

"Credit", that is, credit loan, refers to the loan issued by the borrower's reputation, and the borrower does not need to provide guarantee. Its characteristic is that the debtor can get a loan only by his own reputation without providing collateral or third-party guarantee, and the borrower's credit degree is cited as repayment guarantee. The credit balance is a kind of family loan, which will be repaid in two months or longer to buy goods and services.

Loan consumption is a very common phenomenon in western countries. When buying bulk commodities, such as houses and cars, or buying bulk services, such as receiving college education, a considerable number of people will apply for loans from banks, thus forming a consumer credit balance.

The foreign exchange market pays attention to the net credit balance before the quarter. Generally speaking, the increase of consumer credit balance indicates the increase of consumer expenditure and optimism about the economy, which usually occurs during the period of economic expansion, while the decrease of credit balance indicates the decrease of consumer expenditure, which may be accompanied by pessimism about future economic activities.

Generally speaking, if the balance of consumer credit does not fluctuate greatly, the response of the foreign exchange market to this data is not strong. At the same time, the balance of consumer credit can not be interpreted in isolation, but should be comprehensively investigated in combination with other data.

What does the loan balance mean?

The loan balance refers to the total loan that the borrower has not returned to the lender before a certain node date. Also refers to the outstanding loans at the end of the accounting period. The outstanding loan balance is equal to the total loan minus the repaid bank loan. If in doubt, you can contact the lending institution/bank for consultation.

Tips: The above information is for reference only.

Reply time: 2020- 12-0 1. Please refer to the latest business changes announced by Ping An Bank in official website.

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What does the loan balance mean?

It is the deposit and loan amount of financial institutions at a certain point, in which financial institutions mainly include commercial banks and policy banks, non-bank credit institutions and insurance companies.

The total loan amount is the loan amount agreed by the borrower and the lending institution when signing the loan contract, which is a fixed amount, and the loan balance is the outstanding loan. If the relationship between total loan amount and loan balance is explained by a formula, then loan balance = total loan amount-repaid loan amount.

Extended data:

Precautions:

1. When applying for the loan amount, we must be moderate and fully consider the financial situation and financial habits of individuals and families. Usually, the monthly repayment amount should not exceed 50% of the total family income.

2. Keep a good credit record. Once the credit record is bad, it will directly affect the operability of the loan and may even be refused by the bank.

3. When making a loan, you should provide real personal information to the bank, cultivate a good sense of integrity from the beginning, and never provide false information, otherwise it may be blacklisted by the bank and rejected by all banks. When personal information changes, it should inform the bank in time.

4. The loan applicant should have a stable source of income and have the willingness and ability to repay. Office workers should provide proof of unit salary, bank running water and so on. , and companies or self-employed individuals should provide information on their operating conditions, and provide bank running water, physical assets (such as real estate) and financial assets (such as bank deposit certificates and government bonds).