Under normal circumstances, if an enterprise is unable to repay its bank debts due to bankruptcy or other reasons, it can reduce the interest on the loan principal through the approval of its superiors. If a person's personal credit investigation is poor, the bank will refuse the loan. The reason is also very simple. When the bank approves the personal loan amount, it will comprehensively evaluate the repayment ability and capital status of the person. If the bank thinks it will be risky to lend money to this person, it will refuse the loan on this ground.
The bank will check your personal credit check first. When a user applies for a personal housing loan, after all, the loan amount is very large, even reaching 65.438+million in first-tier cities, so the bank will definitely check your personal credit information and preliminarily judge your repayment ability according to your personal credit information. For most banks, if users are frequently inquired or applied for online loans and credit cards in a short period of time, they are defined as high-risk users.
The bank will evaluate your repayment ability. If your personal credit report has many ways to evaluate your cash flow and assets and liabilities, the bank will also have many ways to evaluate you. If you have many ways to evaluate your personal loan repayment. This may be even more embarrassing, because the bank has checked your personal credit information and already knows your credit status. But in actual business activities, a person's credit status may involve all aspects of this person.
For example, whether this person has a bad record in the industrial and commercial department before will also become an important basis for banks to evaluate whether you can borrow money. Of course, some online loans on the market are still relatively formal, but most online lending platforms are very informal. They are similar to some previous lightning strikes. I won't go into details. In fact, compared with online loans, although the bank loan process is complicated and the interest is relatively low, there is no need to worry about violent collection like some small online loan companies, but I can't meet the bank loan standards. First of all, bank credit is not as complicated as I imagined, and it is not as simple as I imagined.
What are the exemption conditions for default interest on bank loans?
Exemption from default interest on bank loans generally means that if an enterprise is really unable to repay bank debts due to bankruptcy or other reasons, it can reduce or exempt the principal interest of the loan with the approval of its superiors. According to the Interim Regulations on the Administration of China Bank in People's Republic of China (PRC), "no unit has the right to waive the loan without the approval of the State Council", therefore, the penalty interest of the loan cannot be waived without the approval of the superior.
Specific introduction to the exemption conditions of penalty interest for bank loans
If your bank is closed in loans overdue, there will be corresponding penalty interest, which is also relatively high. If it is a penalty interest arising from overdue loans of enterprises, the penalty interest on loans cannot be exempted without the approval of superiors. However, if the penalty interest generated by individual loans overdue is likely to be waived by the bank independently, it has nothing to do with the superior. The first user is overdue for special reasons such as unemployment, sudden illness or disability. In this case, the bank can waive the penalty interest. Second, it suddenly suffered from natural and man-made disasters, causing great economic losses. At this time, there is no money to repay the bank loan. In this case, the penalty interest can also be waived.
If the penalty interest cannot be waived, it must be paid.
If you do not meet the above conditions, the bank will not waive the penalty interest, and you must pay it. If you don't repay the loan on time, your personal credit will be affected. It will be very difficult to apply for credit in the bank in the future, and the bank may not pass your loan application. Therefore, if there is a penalty interest, you must pay it and you can't default. This will stain your credit information.
If it weren't for special reasons, loans overdue would have to pay the penalty interest, which is also stipulated by the state and ordinary people can't violate it. Therefore, when the loan expires, it must be paid off. If you can't pay off, you can also borrow some money from relatives and friends and pay off the loan first.
Exemption conditions for student loans
Student loans are all issued by the state, and it is basically impossible not to pay them back. At most, the state will repay them. Please refer to the following provisions:
In order to guide and encourage college graduates to work in grass-roots units in the western region and hard and remote areas, and reduce the repayment burden of students from poor families, from 2006, full-time undergraduates (including higher vocational colleges), postgraduates and fresh graduates with second bachelor's degrees in ordinary colleges and universities affiliated to state organs voluntarily work in grass-roots units in the western region and hard and remote areas. If the service period reaches more than 3 years (including 3 years), the principal of the national student loan and the interest generated before it will be fully repaid.
Forms of student loans
There are four main forms of loans: national student loans; Student-origin credit student loan; Colleges and universities use state financial funds to issue interest-free loans to students; General commercial student loans. Among them, the national student loan has the largest funding strength and scale, and is the main content of student loan.
There are colleges and universities.
Public full-time colleges and universities should actively implement the national student loan policy and cooperate with students from poor families in colleges and universities to handle national student loans. In addition, some private colleges and universities have carried out national student loans, and students should pay attention to the relevant statements in the school enrollment brochure or admission notice.
Student loan repayment way
(1) Students shall pay off in one lump sum or in installments before graduation;
(2) After graduation, students can look at their own movable funds to repay the loan;
(3) After the probation period expires, graduates will be deducted from their wages every month within two to five years;
(4) The unit where the graduates work decides to reduce the loan repayment according to their performance;
5] For students who have borrowed money, if they are expelled from school, ordered to drop out of school or voluntarily dropped out of school for violating national laws and school discipline, the parents of the students are responsible for returning all the loans.
Repayment operation of student loan
Borrowing students should confirm the repayment plan of the student loan with the bank when going through the graduation formalities. After graduation 1 year, you can apply to the bank to adjust the repayment plan. There are many ways to repay the principal and interest of student loans, which can be repaid in advance at one time or multiple times. If college students choose to repay the loan in advance, the handling bank will not charge any other fees except the interest payable. The specific operation method is as follows:
(1) Log in to the homepage of CDB student loan information network, and then enter the loan information page through the student login name and password (the default login name for online application for early repayment in 2006-2008 school year is school code+student ID number, and the password is 8 birthday; The login name and password of online loan repayment in 2009 and beyond are the login name and password when students apply for loans);
(2) Click "prepayment application" on the left to enter the prepayment application summary information page;
(3) Click the "Add" button at the lower left of the prepayment application summary information page to open the prepayment addition page;
(4) Select a loan contract record and click OK to save the prepayment application information.
(5) When logging in, if "There is something wrong with the security certificate of this website" appears on the webpage, please click "Continue to browse this website (not recommended)" in the penultimate line below to continue logging in.
Under what circumstances can banks reduce loan interest?
Under normal circumstances, if the enterprise goes bankrupt or is really unable to repay the bank debt for other reasons, the interest on the loan principal can be reduced or exempted with the approval of the superior.
I Article 49 of the Provisional Regulations on the Administration of Banks in People's Republic of China (PRC) stipulates that "no unit has the right to exempt loans without the approval of the State Council". The loan here includes not only the loan principal, but also the loan interest.
Therefore, unless otherwise stipulated by laws, regulations and policies, no unit (including financial institutions) may waive the loan principal, loan and interest, or reduce loan interest.
2. According to the provisions of Article 42 of the Interim Regulations on the Administration of Banks in China, People's Republic of China (PRC), the head office of a specialized bank has a certain interest rate floating right, which belongs to the scope of the interest rate floating right of the head office of a specialized bank and can be decided by itself.
Extended data
Loan interest calculation formula
(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):
1, daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷30.
2. Monthly interest rate (‰) = annual interest rate (%)÷ 12.
(two) banks can use the product interest method and the transaction interest method to calculate interest.
1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:
Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.
2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term, with three details:
If the interest-bearing period is a whole year (month), the interest-bearing formula is:
(1) interest = principal × annual (monthly )× annual (monthly) interest rate.
If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:
(2) Interest = principal × annual (monthly) × annual (monthly) interest rate+principal × odd days × daily interest rate.
At the same time, banks can choose to convert all interest-bearing periods into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest-bearing formula is as follows:
(3) Interest = principal × actual days × daily interest rate
These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year, when calculating the actual daily interest rate, it will be calculated as 365 days a year, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.
(3) Compound interest: Compound interest means adding interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest.
(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called bank penalty interest.
(V) loans overdue liquidated damages: penalties for the defaulting party with the same nature as penalty interest.
Refer to Baidu Encyclopedia-Interim Regulations on Bank Management in People's Republic of China (PRC).