Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans.
Extended data:
Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the central bank, which provide loans for urban residents to purchase ordinary housing for their own use and implement the statutory loan interest rate. Many commercial banks in Beijing have this business, such as CCB and ABC. The procedures for applying for loans are basically the same.
Commercial loans refer to the proportion of commercial loans in the guarantee balance of housing property right guarantee institutions at the end of the statistical period.
In three cases, it is not appropriate to repay in advance.
1, when signing the loan contract, enjoy the interest rate discount of 30% to 8.5%. As we have enjoyed a lower discount rate, we are now in the channel of interest rate reduction. If the central bank doesn't cut interest rates during the year, even if the latest interest rate is implemented at 65438+ 10/in June next year, the interest rate will only be lower than that in the previous period.
2. Buyers whose repayment period of equal principal has passed 1/3. Since the average capital divides the total loan amount by half of the cost, the repayment interest is calculated according to the remaining principal.
3. Buyers who have reached the medium-term repayment of principal and interest. Matching principal and interest repayment adds up the total principal and interest of the mortgage loan, and then distributes it evenly every month. The monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled monthly.
repay the loan
O During the loan period, the borrower repays the principal and interest of the bank loan with the same monthly repayment amount.
O Borrowers can choose two ways: automatic deduction by computer or repayment by networked savings offices of loan banks, and repayment of loan principal and interest on a monthly basis;
5. Alteration or termination of the loan contract
O If the loan contract needs to be changed, it must be agreed by the loan handling bank, the borrower and relevant parties through consultation, and a change contract shall be signed according to law.
O If the borrower dies, is declared missing or loses capacity for civil conduct, and his heirs, guardians or legatees continue to perform the loan contract signed by the borrower, they shall sign a new loan contract and go through relevant formalities.
O After the borrower repays all the loan principal and interest as agreed in this contract, the collateral or pledge is returned to the mortgagor or pledger, and the loan contract is terminated.
China Agricultural Bank Personal Housing Mortgage Loan
Refers to the consumer loan business in which the borrower purchases the affordable housing designated by the Agricultural Bank of China, and uses the purchased housing as collateral to apply for a loan from the Agricultural Bank of China to pay part of the purchase price and repay the principal and interest on a monthly basis. The loan amount can reach 70% of the house price, the longest term can reach 20 years, and the interest rate is fixed for one year.