Chongqing Commercial Loan Interest Rate

Chongqing’s commercial loan interest rate uses the LPR basis point.

The commercial loan interest rate of the Bank of Chongqing is obtained by floating on the basis of the commercial loan benchmark interest rate. The floating range is determined by the Bank of Chongqing, but most of the floating range is 0.5 to 2 percentage points. The commercial loan benchmark interest rate is:

1. The loan is for one year, including one year, and the base interest rate for commercial loans is 4.35%.

2. The loan term is from one to five years, including five years, and the benchmark interest rate for commercial loans is 4.75%.

3. For loans of more than five years, the benchmark interest rate for commercial loans is 4.90%.

Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. They are generally short-term loans, usually 9 months and no more than one year, but there are also a small number of medium and long-term loans. This type of loan is the main component of commercial bank loans, generally accounting for more than one-third of total loans.

What is the interest rate for front-end house loans?

Today, when buying real estate, most people apply for loans to reduce their pressure. Normally, the interest rate for front-end house loans is determined by the People’s Bank of China during the same period. , occasionally fluctuates, and the details will depend on the relevant bank. The editor below will introduce the interest rate of ten storefront house loans for your reference!

1. What is the interest rate for facade housing loans

The People’s Bank of China has now promulgated the benchmark annual interest rate for loans: 0 to 6 months (including 6 months), the annual interest rate is: 4.35%; 6 From 1 year to 1 year (including 1 year), the annual interest rate is 4.35%; from 1 year to 3 years (including 3 years), the annual interest rate is 4.75%; from 3 years to 5 years (including 5 years), the annual interest rate is 4.75%; From 5 years to 30 years (including 30 years), the annual interest rate is: 4.90%; the loan interest rate should be comprehensively priced based on the business type, credit situation, guarantee method and other factors applied by the home buyer, and can only be determined after the assessment by the handling outlet.

2. What are the procedures for buying a front-end house loan

1. The couple’s identity documents, household register, marriage certificate, and documents issued by the neighborhood committee or financial management of the place of permanent residence should be prepared in advance. For proof of residence, business certificates, rental agreement, house purchase contract, personal bank statement, asset certificate, etc., go to a local bank for loan consultation. (For loans guaranteed by guarantee agencies, the bank assessment is more relaxed, and the loan limit may be higher, but more guarantee fees must be paid.

2. Bank assessment, the bank will provide the buyer and seller with The reliability of the documents will be investigated. Some banks will also check whether the bank statements provided by the buyer are authentic. The banks will control them according to their respective loan quotas. If the bank's loan quota is small, the audit will be more difficult. Relatively speaking, The loan approval time in the first half of each year is faster than that in the second half of the year.

3. If the loan is approved, the bank will notify you after the loan is approved. It can be processed after 2 working days. In principle, it can be applied for commercial purposes. House mortgage loans have a term of 10 years. Usually the loan amount does not exceed 50% of the appraised value. The loan interest rate is rising. At present, bank credit is relatively shrinking, and the conditions for loan customers have improved.

Summary: The above. This is what the editor has introduced about the loan interest rate for storefront houses. I hope it can be helpful to everyone. When doing business in life, the most important thing is to have a storefront and a shop. However, the prices of storefronts in better locations are very high these days. No less than the housing price.

What is the interest rate for commercial storefront loans in Chongqing?

The interest rate for commercial storefront loans in Chongqing floats on the central bank’s benchmark loan interest rate. The base interest rate is:

1. The loan interest rate within 1 year is 4.35%;

2. The loan interest rate within 1-5 years is 4.75%;

3. The loan interest rate for more than 5 years is 4.90%.

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Chongqing commercial store loan interest rate will be based on your qualifications and then float on the loan base interest rate. Implementation. Among the benchmark interest rates, the interest rate for loans within 1 year is 4.35%; the interest rate for loans within 1 to 5 years is 4.75%; and the interest rate for loans over 5 years is 4.90%.

For more information about Chongqing’s commercial store loan interest rate, go to: View more content

What is the shop loan interest rate

1. Short-term shop loan interest rate: Six Within six months, the annual interest rate is 5.6%, and the interest rate for commercial store loans is 6.16%; the annual interest rate for more than six months and less than one year is 6%, and the interest rate for commercial store loans is 6.6%;

2. Medium and long-term Shop loan interest rates: One to three years, including three years, the annual interest rate is 6.15%, shop commercial loan interest rate is 6.765%; three years to five years, including the five-year annual interest rate, 6.4%, the shop commercial loan interest rate is 7.04%; more than five years, the annual interest rate is 6.55 %, and the commercial loan interest rate for shops is 7.205%

Generally, the interest rate for shop loans is in accordance with the provisions of the People's Bank of China for the same period, and occasionally fluctuates up or down.

:

1. Loan interest rate

1. Loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when they issue loans. It is mainly divided into three categories: the central bank's loan interest rate to commercial banks; the commercial bank's loan interest rate to customers; and the interbank lending rate.

2. The factors that determine bank loan interest are: ① Bank cost. Any economic activity requires cost-benefit comparison. There are two types of bank costs: borrowing costs - prepaid interest on borrowed funds; additional costs - expenses incurred in normal business. ②Average profit rate. Interest is a subdivision of profit. Interest must be less than the profit rate. The average profit rate is the highest limit of interest. ③The supply and demand situation of loan currency funds. If supply exceeds demand, loan interest rates will inevitably fall, and vice versa. In addition, loan interest rates must also take into account price changes, securities income factors, political factors, etc.

2. The impact of overdue loans:

First, overdue repayment will affect personal credit. If a borrower borrows money from the bank and fails to repay it overdue, a bad credit record will be left on his or her personal credit report. In the future, it will be very difficult to apply for a credit card or loan. Most of them will be rejected, which will cause a lot of trouble to personal production and life.

Second, the most direct consequence of non-repayment of a credit loan is high penalty interest, and you may also be required to pay a certain amount of liquidated damages. Even the principal and interest add up to a large expense. The result of not repaying the loan on time will increase your financial pressure.

Third, if the loan is not repaid overdue, the lender will face various collections. Banks or financial institutions have their own collection systems. When the loan is overdue, the junior collection agency will send you text messages or call you to demand payment. If the debt is not repaid for a long time, or in serious cases, there may even be face-to-face collection by debt collectors. This overdue person must be mentally prepared and find a way to pay off the money as soon as possible before the problem can be resolved.

Fourth, if the loan is overdue for a long time and the amount is relatively large, the lender may be arrested by the financial institution. After acceptance and the court's decision, the lender's assets may be seized. This means that the lender must execute the "repayment ruling". Otherwise, the property and other assets under your name will be seized according to law and the proceeds from the auction will be used to repay the debt.

Fifth, in serious cases, you may be jailed. Normally, incidents such as borrowing money and not repaying it are civil matters and will not rise to the criminal level. However, if some lenders refuse to comply and insist on non-repayment, if the circumstances are serious and egregious, the borrower will be held criminally responsible. Depending on the circumstances, the borrower will be imprisoned if the circumstances are serious.

I want to get a loan to buy a second-hand shop in Chongqing. I have questions about loans and taxes.

Hello

Second-hand shops generally charge 60%. Negotiate with banks on interest rates, find several banks, all of them are willing to do it. Generally it goes to about 7.5%.

I can’t clearly remember how much this is. All fees and charges, plus the loan interest rate, add up to 14%-15%, no more than 15%.

If the shop pays the first installment 40%, the loan interest rate is 7.5%, so the down payment is 800,000, and the other 200,000 (14%-7.5%) = 150,000. These are the messy expenses.

How much will you pay each month in the future? How many years will you pay for it?

If the payment is for 20 years, the monthly payment is 0.96W. If the payment is for 10 years, the monthly payment is 1.4W.

The Chongqing intermediary really doesn’t know how many points there are. What I understand is that the intermediary handles it all, no more than 15%.

It’s hard work coding, I hope you can adopt it, thank you.

Bank interest rate policy for buying shops in 2017

In terms of loan interest rates, the loan interest rates for commercial houses will rise by 10 to 20% based on the benchmark interest rate set by the central bank and cannot go down. When applying for a loan from China Merchants Bank, the loan interest rate needs to be comprehensively priced based on the business type you are applying for, credit status, guarantee method and other factors, and can only be determined after approval by the branch.

Those who apply for a mortgage after October 24, 2015 can be calculated based on the latest interest rate of 4.9% (5 years to 30 years). In terms of provident fund, due to the interest rate cut on October 24, 2015, the personal housing provident fund loan interest rate was not adjusted. The provident fund loan interest rate has been reduced four times this year. The loan interest rate of personal housing provident fund for more than five years has been reduced from 4.25% at the beginning of the year. Current 3.25%.

In the case of an increase of 10%: the interest rate is 7.205% (the base interest rate is 6.55%), in the case of an increase of 15%: the interest rate is 7.533%, in the case of an increase of 20%: the interest rate is 7.86%.

There is only one type of commercial mortgage loan for shop loans. The interest rate is 10% higher than the base interest rate. The current base rate is 5.15 and will be 5.66 after the increase. The down payment of a shop mortgage loan and the interest rate of a shop mortgage loan depend on the individual's work income and personal bank credit status, as well as the local bank's policies, ranging from 10% to 20%.

Extended information

How to get a loan to buy a shop?

Apply for a loan

Shop loans are designed with entrepreneurs in mind The actual demand for the loan is very relaxed. It only requires that the investor has a permanent residence or a valid residence status in the local area, has signed a contract or agreement with the developer to purchase commercial housing, and has the ability to repay the principal and interest. , then you can apply.

Repayment Methods

The repayment methods of shop loans are as flexible as personal housing loans. If the borrower's loan term is within one year, the loan principal and interest can be paid off in one lump sum or on a monthly basis. If the loan term is between 1 and 10 years, the borrower should repay it monthly. For monthly repayment, you can choose two repayment methods: the equal principal and interest decreasing method or the average monthly repayment method, and the lender can choose whether to repay all or part of it in advance according to the operating income.

Taxes

(1). Buyers need to pay taxes

Deed tax: 3% of the transaction price;

Transaction procedures Fee: 0.5% of the transaction price;

Stamp duty: 0.05% of the transaction price.

(2). Sellers need to pay taxes

When selling a shop, the seller must pay land value-added tax regardless of the age of the shop.

Land value-added tax: 30% to 60% of the difference after deducting relevant expenses: if the value-added does not exceed 50% of the deduction item amount, the tax rate is 30%; if the value-added exceeds the deduction If the value-added amount exceeds 100% of the deducted item amount, the tax rate will be 50% for the portion that does not exceed 100% of the deducted item amount. ; If the added value exceeds 200% of the amount of the deduction item, the tax rate is 60%.