With the approval of the State Council, the People's Bank of China issued a notice to carry out a major reform of China's deposit and loan interest rate management system from September 2 1 2000. The loan interest rate is determined by financial institutions according to the changes in interest rates in the international financial market, as well as factors such as capital costs and risk differences. The specific loan interest rate level of China Bank can be inquired from the local branch.
Second, the foreign exchange loan interest rate?
(1) Interest rate of foreign exchange loans
The floating interest rate system is generally adopted for foreign exchange loans, and the daily interest rate announced by the People's Bank of China is usually adopted. The floating interest rate of general foreign exchange working capital loans is within 1 year (including 1 year) for three months. Foreign exchange fixed assets loans generally adopt a floating interest rate of 3 months or 6 months according to the loan term.
(2) Term of foreign exchange loan
The term of foreign exchange loans shall be from the date when the loan contract is signed to the date when all debts stipulated in the contract are paid off. 1, working capital loan, generally not exceeding 1 year (including 1 year).
2. Revolving working capital loans, generally with a term not exceeding 1 year (inclusive).
3. The term of temporary loans is generally not more than 6 months.
4. The term of the packaged loan is from the date of lending to 1 month after the expiry date of the letter of credit (or the date of export negotiation).
5. The loan period for national key projects is generally not more than 5 years, and the longest for individual projects is not more than 7 years. Loans to foreign-invested enterprises shall not exceed 0 years before the end of the operating period stipulated in their business licenses.
Third, the interest rate of foreign exchange loans
(1) Interest rate of foreign exchange loans
Foreign exchange loans are generally subject to the daily interest rate announced by the People's Bank of China. The floating interest rate of general foreign exchange working capital loans is within 1 year (including 1 year) for three months. Foreign exchange fixed assets loans generally adopt a floating interest rate of 3 months or 6 months according to the loan term.
(2) Term of foreign exchange loan
From the date of foreign exchange loan to the date of settlement of all debts stipulated in the contract. 1, working capital loan, generally not exceeding 1 year (including 1 year).
2. Revolving working capital loans, generally with a term not exceeding 1 year (inclusive).
3. The term of temporary loans is generally not more than 6 months.
4. 1 month after the expiration date of the packing certificate (or the date of export negotiation).
5 national key projects loan period, generally not more than 5 years, individual more than 7 years. Before the end of the operation period limited by the license of the foreign-invested enterprise 1 year.
Fourth, the domestic dollar loan interest rate.
The interest rate of dollar loans is not stipulated by the state. Each bank quotes according to its own situation. At present, the domestic short-term US dollar loan interest rate is around 2.25%, and the central bank's interest rate policy in 2004 is promoting high operation, while the US dollar interest rate is still declining. This obvious loan spread has not narrowed recently, so the demand for foreign exchange loans by enterprises continues to rise. At present, the RMB interest rate is higher than the US dollar, and there is pressure for RMB exchange rate to appreciate. Some domestic enterprises and individuals have reduced foreign exchange assets and RMB liabilities and increased RMB assets and foreign exchange loans according to their own conditions.