Interest-free loan is a local policy, and it is necessary to verify whether there is an interest-free loan policy in the local area.
Interest-free loans generally have a clear division of labor among various departments. The application is accepted by the labor department, then confirmed by the guarantee institution, and finally applied for a loan from the bank.
Application conditions:
The loan applicant must have certain repayment ability;
Having legal business procedures and breeding certificates;
Having fixed business premises, farms and certain self-owned funds;
The business project conforms to the national industrial policy;
Personal credit is good.
Note: If the applicant wants to apply for an interest-free loan, he needs to apply at the place where his account is located. Generally, this kind of interest-free loan is limited by a certain number of years, usually two years, with a one-year extension and no discount.
2. Is there really an interest-free loan?
When people need to buy things beyond their financial resources or do something, they may need loans. As we all know, loans have interest, so are there any loans that don't need interest? Is there really an interest-free loan? What kinds of interest-free loans are there? Interest-free loans do exist, but not all loans can be interest-free loans. There are three kinds of common interest-free loans: the first kind of student loans (excluding commercial student loans), national student loans or student-origin student loans, where borrowers apply for loans, there is no interest. The interest generated by it is subsidized by the state, and it is not calculated according to the benchmark expected annualized interest rate until September of the borrower's graduation year. Applying for a national student loan or a student-origin student loan can meet three conditions: 1, family poverty, and proof of family poverty; 2. There is a borrower; 3. Have an efficient admission notice. You can apply for an interest-free loan if you meet the above three conditions. As for the second type of venture loans, most applications for venture loans follow local policies. Venture loans are not all interest-free, and most of them belong to discount interest. If the local interest is posted in full, the entrepreneurial loan applied by the borrower is an interest-free loan. When applying for a business start-up loan, the borrower is required to have certain business start-up funds, suitable business start-up projects and meet local regulations, and at the same time, all the procedures required for applying for a business start-up loan are required. The third kind of interest-free loan to buy a car (auto finance company loan) auto finance is being regarded by auto companies as a magic weapon to save the depressed auto market. Some auto finance companies even buy cars with zero down payment and interest-free loans, and some auto companies without finance companies also look for banks to cooperate with various preferential loan businesses. The trend of buying cars with zero down payment and interest-free loans continues to be hot. However, if you enjoy a zero down payment interest-free loan to buy a car, the car buyer usually does not enjoy the discount of the dealer's car price. Borrowers need special attention. The interest-free loans claimed by some institutions may be deceptive. If the borrower is required to pay any fees in advance before applying for a loan, please don't believe it!
1982 Is there really an interest-free loan?
It's true. 1982, there was a real interest-free loan, but few people used that system at that time. The bold people experienced that opportunity and became the first capitalists in new China.
Interest-free loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them, in which the interest rate is provided free of charge by banks or paid by the government or corresponding institutions according to agreed conditions. "Zero interest rate" is a loan contract reached between banks and individuals or organizations through mutual trust.