Repayment account refers to the account or credit card set up by the borrower to repay the loan. In the loan contract, the borrower needs to clearly fill in the set repayment account to ensure the timely payment of loan repayment. The setting of repayment account is very important for borrowers and lending institutions, because it is directly related to the timely arrival of loan principal and interest.

The repayment account can be a bank account, a credit card account or an Alipay account under the borrower's name. However, it should be noted that the repayment account set by the borrower must be legal and effective, otherwise the repayment will fail or the loan contract will expire early. Therefore, when setting up a repayment account, the borrower must carefully consider it to ensure that the account can be used for a long time and repay smoothly.

For some borrowers, the setting of repayment account may have a certain impact on credit rating. Because banks or other lending institutions will include the borrower's repayment in the credit rating, if the borrower often delays repayment or fails to repay, the credit rating will be lowered. Therefore, the borrower not only needs to repay in time, but also needs to ensure that the set repayment account has enough funds to avoid repayment being returned or failed.