If the enterprise loan term is within 1 year (inclusive), monthly; If the loan term exceeds 1 year, the principal and interest shall be repaid monthly. Renminbi shall be subject to the provisions of the People's Bank of China on the management of loan interest rates. There are two kinds of interest rates for working capital loans: one is fixed annual interest rate, and 1 month, 3 months, 6 months or 9 months cannot adjust the interest rate).
2. What are the loan repayment methods of Shenzhen Bank of China for small and micro enterprises?
Shenzhen small and micro enterprise loans provide a variety of repayment methods, and enterprises can choose flexibly according to their own operations and cash flow. Specifically, if the loan term is 1 and the loan term is within 1 year (inclusive), you can choose to repay the principal and interest on a monthly/quarterly basis or on a monthly/quarterly basis. 2. If the loan term is more than 1 year and less than 3 years (inclusive), the repayment methods of monthly/quarterly interest payment and monthly/quarterly/semi-annual principal repayment shall be selected, but the repayment methods of monthly/quarterly interest payment, maturity principal repayment or lump-sum principal repayment shall not be adopted; 3. If the loan term exceeds 3 years, the repayment method of monthly principal and interest must be adopted. The above contents are for your reference. Please refer to the actual business regulations. If you have any questions, please contact online customer service of Bank of China. You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.
Three, there are several ways to repay bank loans.
When applying for a personal business loan at China Merchants Bank, the common repayment methods are "equal principal" and "equal repayment (principal and interest)". If the loan term is below 1 year (inclusive), the repayment method of "paying interest on a monthly basis and repaying the principal when due" can also be used.
Under the condition of constant interest rate, the total monthly repayment amount of "equal repayment" remains unchanged, which is easy to remember, in which the principal part increases month by month and the interest part decreases month by month, and the repayment pressure is relatively small; The total monthly repayment of "average capital" decreases month by month, and the monthly principal remains unchanged. At first, the repayment interest is relatively high and the pressure is relatively high, but it will save some interest than the equal repayment method (principal and interest).
The specific loan method you apply for needs to be negotiated and determined by the handling agency in combination with your actual needs, repayment ability, credit history and other comprehensive conditions. You can contact the handling bank directly for confirmation.