In a business of lending money on interset

Loans and advances a/c

To Bank a/c

when loan is given

Bank a/c 

To Interest a/c

when interest is received

Accrued interest a/c 

To receivables a/c

when interest not yet paid by customer

Accrued interest a/c 

To Loans and advances a/c 

will be probable if interest is included in calculations. or

receivables a/c

To interest incomes a/c

when interest is not received

use the above entry from first answer.