According to the regulations of the financial supervision department, banks can raise or lower the loan interest rate within a certain range when issuing commercial loans. For example, the loan interest rate of many local banks can rise by 30%. In fact, getting a loan from a bank is the same as going to the market to buy things. You have to pick and choose, and shop around to choose good and cheap goods.
Relatively speaking, the loan interest rate of state-owned commercial banks is lower, but the procedures are stricter. If your loan procedures are complete, in order to save the financing cost, you can compare the loan interest rates and other extra charges of various banks through personal "bidding" and choose the bank with lower cost to handle mortgage, pledge or guarantee loans.
Reasonable misappropriation of housing loans can also start a business.
If you have the intention to buy a house and have enough money in hand, then you can "misappropriate" the money for starting a business, and then apply for a mortgage loan from the bank when buying a house.
Housing loan has the lowest interest rate among commercial loans. For example, the annual interest rate of housing loans within five years is 4.77%, while the annual interest rate of ordinary commercial loans for three to five years is 5.58%. Therefore, it is cheaper to start a business with a mortgage "curve". If the entrepreneur has bought a house, he can also use the existing house as collateral to make ordinary commercial loans. This kind of loan is unlimited and can be used as start-up capital.
Careful calculation, reasonable choice of loan term
Bank loans are generally divided into short-term loans and medium-and long-term loans. The longer the loan term, the higher the interest rate. If entrepreneurs need to use funds for not too long, try to choose short-term loans. For example, if you plan to apply for a two-year loan, you can borrow it once a year, which can save interest expenses.
In addition, venture financing should also pay attention to the trend of interest rates. If the interest rate trend is high, you should apply for a loan before raising interest rates. If the interest rate trend tends to decline, the loan will be suspended when the capital demand is not urgent, and it will be handled in due course after the interest rate is lowered.
Make good use of policies and enjoy low interest treatment from the government.
Risk loan is a new business launched by banks. Anyone who has a certain production and operation ability or has engaged in production and operation activities may apply for a special venture loan from the bank that runs this business because of the need of starting or re-starting. The term of the venture loan is generally 1 year, and the longest is no more than 3 years. According to the relevant regulations, the interest rate of venture loans may not go up, but may go down by 20% according to the same grade interest rate stipulated by the bank. Commercial loans for laid-off workers launched in many areas can also enjoy 60% preferential treatment from the government; In some areas, low-profit businesses such as domestic service, medical care and old-age service are also fully subsidized by the government.
Repay the loan in advance to improve the efficiency of capital use.
In the process of starting a business, if the operating funds are idle due to reasons such as efficiency improvement, payment withdrawal, off-season operation and investment reduction. , you can apply to the loan bank to change the loan method and term until the loan is paid off in part or in whole. After the loan is changed or repaid, the bank will charge interest according to the time and amount of the loan, thus reducing the interest burden of the lender and improving the efficiency of the use of funds. Insurance fee, because according to the relevant regulations, the guarantee institution has to charge the lender a fee not exceeding 50% of the bank loan interest rate in the same period, which undoubtedly increases the burden on entrepreneurs. In real life, due to the great responsibility of guarantee companies, many companies will charge some risk compensation in other names, which has also become an important factor hindering personal business loans. Not everyone is suitable to take the road of starting a business loan. Some people think that loan financing is not suitable for everyone. We visited relevant experts of Guangdong Development Bank for this purpose. According to experts, they think this view is correct, especially since they have just started a business and have no entrepreneurial experience in this industry, it is inevitable that there will be business risks. For those industries with certain operating experience, good operating efficiency and business scope encouraged by the state, banks may consider giving loan support.