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Is it cost-effective for Volkswagen to borrow interest-free for 2 years?
High cost performance. Conditions for applying for loan business: 1,18-a natural person aged 65; 2. The borrower's actual age plus the loan application period shall not exceed 70 years old; 3. Have the ability to stabilize employment, income and repay the loan principal and interest on schedule; 4. Good credit information and no bad records; 5. Other conditions stipulated by the bank.

Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date.

Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Loan type:

According to the loan term, it is divided into:

Medium-and long-term loans-the loan term is more than 5 years.

Medium-term loan-the loan term is greater than 1 year and less than 5 years.

Short-term loan-the loan term is within 1 year.

Overdraft-a loan with no fixed term

By currency:

Local currency loan

Foreign currency loan

According to the nature of the lender, it is divided into:

Bank loan (self-operated loan)

Consortium lending

Entrusted loan (provident fund loan is a typical entrusted loan)

Specific loan

According to the nature of the loan subject, it is divided into:

Economic organization loan

Enterprise unit loan

Public institution loan

personal loan

According to the purpose of the loan, it is divided into:

Enterprise (economic organization) category

Fixed assets investment loan

Project financing loan

General fixed assets loan

liquidity loans

Lay the foundation for working capital loans

Temporary working capital revolving loan

bill discounting

Individual human

Personal commercial loan

Personal consumption loan

Housing mortgage loan (commonly known as mortgage)

Primary housing loan

Second hand housing loan

Increase in housing loans

Financial mortgage loan

housing loans

Commercial housing mortgage loans (some banks classify such loans as operating loans)

Primary housing loan

Second hand housing loan

Auto loans (including self-use cars and commercial vehicles, some banks classify commercial vehicle loans as operating loans)

Used car (car loan)

Used car (original car financing loan)

Locomotive-related loans

Locomotive financing (also known as locomotive loan, locomotive loan and increase of locomotive loan)

Car installment loan (also known as car installment loan, car loan, motorcycle installment loan or motorcycle installment loan)

Student loan

Other consumer loans

Decoration loan

Tourism loan

Durable consumer goods loan

other

Personal pledge loan

Divided by interest rate:

Fixed rate loan

floating rate loan

Mixed interest rate loan

According to the loan guarantee method is divided into:

Unsecured/credit loan

Secured loan

Secured loan

loan on mortgage/security

loan on mortgage/security

bill discounting

According to the quality (risk degree) of loan assets, it is divided into:

Normal loan

Pay attention to loans

Subprime loans

Suspicious loan

Loss loan

According to the loan existence mode, it is divided into:

Normal loan

Overdue loan (0- 180 days overdue)

Dull loan (overdue 18 1-360 days)

Non-performing loans (overdue over 36 1 day)

Provident fund loan