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How is bridge loan interest calculated?

The monthly interest rate of a bridge loan is generally 3 cents. If the monthly interest rate of a bridge loan is agreed to be 3 cents, the daily interest rate is 1%. The monthly interest rate of this loan is 3, and the daily interest rate is 0.1.

Bridge-crossing process

(1) Submit approval materials: Bank B’s approval reply, real estate certificate, both spouses of the borrower (ID card, household register, marriage certificate, credit report report), business license, original mortgage contract.

(2) Determine the amount of advance funds based on the original loan balance in Bank A.

(3) Interview and background verification with the risk control manager.

(4) Approval of advance funds

(5) Couple interview, control borrower’s repayment card and third-party collection card U-shield.

(6) Withdraw money to Bank A’s repayment card at the agreed time to settle the loan balance.

(7) After Bank A cancels and cancels the mortgage, the property is deposited into Bank B, and Bank B will settle the advance amount after disbursing the loan.

The monthly interest rate of a bridge loan is generally 3 cents. If the monthly interest rate of a bridge loan is agreed to be 3 cents, the daily interest rate is 1%. The monthly interest rate of this loan is 3, and the daily interest rate is 0.1.