1In June, 1996, the General Rules for Loans promulgated by the People's Bank of China classified bank loans as follows:
(1) Self-operated loans, entrusted loans and specific loans. Self-operated loan refers to the loan that the lender raises funds in a legal way and issues independently. The risk shall be borne by the lender, and the principal and interest shall be recovered by the lender. Entrusted loans refer to loans provided by clients such as government departments, enterprises, institutions and individuals, which are issued, supervised and recovered by lenders (i.e. trustees) according to the loan object, purpose, amount, term and interest rate determined by clients. The lender (trustee) only collects the handling fee and does not bear the loan risk.
(2) Special loans refer to loans granted by wholly state-owned commercial banks after taking corresponding remedial measures for possible losses caused by loans with the approval of the State Council.
(3) Short-term loans, medium-term loans and long-term loans. Short-term loans refer to loans with a loan term of less than one year (including one year). Medium-term loans refer to loans with a loan term of more than one year (excluding one year) to less than five years (including five years). Long-term loans refer to loans with a loan term of more than five years (excluding five years).
(4) Credit loans, secured loans and discounted bills. Credit loan refers to the loan issued by the borrower's credit. Secured loans refer to secured loans, mortgage loans and pledged loans, among which secured loans refer to loans issued by a third party in the form of guarantee stipulated in the Guarantee Law of People's Republic of China (PRC), with the borrower taking general guarantee liability or agreed joint and several liability as the promise when the loan cannot be repaid.
(5) Mortgage loan refers to the loan granted with the property of the borrower or a third party as collateral according to the mortgage method stipulated in the Guarantee Law of People's Republic of China (PRC).
(6) Pledged loan refers to a loan in which the movable property or rights of the borrower or a third party are pledged according to the provisions of the Guarantee Law of People's Republic of China (PRC). Bill discount refers to the loan issued by the lender by purchasing the unexpired commercial paper of the borrower.
Generally speaking, bank loans are mainly divided into the following six types:
1, which can be divided into short-term loans, medium-term loans and long-term loans according to the repayment period;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan scale, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans.
I believe that after reading this article, you have a clearer understanding of the bank loan business. You can choose the most suitable loan according to your actual capital needs and personal information.