The difference between Pratt & Whitney loan and general bank point loan lies in the different service objects. Pratt & Whitney Loan is a series of financial products launched by Pudong Rural Bank to serve "agriculture, countryside and farmers" and support "small and micro enterprises". Puyin Point Loan is a personal online consumer loan product launched by Shanghai Pudong Development Bank.

Extended data

What's the interest rate of the loan at Pulian Point?

Puyin Point Loan is the first Internet consumer loan product of Shanghai Pudong Development Bank.

Applicable customers of Puyin integral loan:

1. Bank paying customers;

2. Housing mortgage loan customers of the Bank;

3. Wealth customers of the Bank;

4. Other bank mortgage customers.

Pu yin Dian Dai

1, with a line of 2,000-300,000 yuan, which can be borrowed at will;

2. Duration: 1 month-1 year, optional;

3. Expected annualized interest rate: At present, the benchmark will rise by about 70%, and interest will be calculated on a daily basis. The daily interest rate per 10,000 yuan loan is about 1.3-2.3 yuan.

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. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of expanding social reproduction and promoting economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

"Three natures" refer to safety, liquidity and efficiency, which are the basic principles of commercial banks' loan operation. Article 4 of the Law of People's Republic of China (PRC) Commercial Bank stipulates: "Commercial banks should operate independently, bear their own risks, be responsible for their own profits and losses, and manage themselves by themselves in accordance with the principles of safety, liquidity and efficiency."

1, loan security is the primary problem faced by commercial banks;

2. Liquidity refers to the ability to recover the loan within a predetermined period of time or realize it quickly without loss of land, so as to meet the demand of customers for withdrawing deposits at any time;

3. Efficiency is the basis of sustainable operation of banks.

For example, if long-term loans are issued, the interest rate will be higher than short-term loans, and the benefits will be good. However, if the loan term is long, the risks will increase, the security will decrease and the liquidity will weaken. Therefore, the "three natures" should be harmonious, and the loan can be without problems.