A joint loan is a loan provided by two or more banks to a project or enterprise. The amount of joint loans is generally smaller than that of syndicated loans, and the organization form is simpler than that of syndicated loans, and there is no distinction between the main lead bank and the lead bank. Generally, there is only one bank agent who is responsible for contacting other banks and managing loans. The joint loan is not to invite other banks to join the syndicate by means of public trust. Only after several banks discuss in advance and bear the loan amount separately can a joint loan be formed. Because there are few participating banks, the management fees and other expenses of joint loans are less than those of syndicated loans, which reduces the borrowing cost of borrowers.

Extended data:

1. The joint loan is a bundled loan mainly provided by the International Bank for Reconstruction and Development to developing countries to mobilize other funds, and the World Bank plays the role of credit support.

2, joint loans according to the provisions of the people's Bank of loan interest rates and methods of interest. The management fees, agency fees, arrangement fees and other expenses arising from the joint loan shall be borne by the cooperative banks.

3. According to the grace period of the loan contract signed by the borrower and the undertaking bank, the term of the joint loan can be short-term or long-term, but the longest term cannot exceed the term of the loan contract signed by the borrower and the undertaking bank.

4. Syndicated loan: several banks provide loans to an enterprise, and a lead bank is responsible for negotiating with the enterprise. Several banks use a loan contract, the amount may be different, but other factors such as interest rate are the same.

Chapter I General Provisions

Article 1 Purpose and Basis of Formulation These Measures are formulated in accordance with the Banking Supervision Law of the People's Republic of China, the Law of People's Republic of China (PRC) Commercial Bank and other laws and regulations in order to standardize the online loan business of commercial banks and promote the standardized and healthy development of online loan business.

Article 2 Scope of Application Commercial banks legally established in People's Republic of China (PRC) shall abide by these Measures when engaging in online loan business.

Article 3 Definition The term "online loans" as mentioned in these Measures refers to personal loans and working capital loans provided by commercial banks to eligible borrowers for consumption, daily production and operation turnover, etc. Through the use of information and communication technologies such as the Internet and mobile communication, cross-validation and risk management are carried out based on risk data and risk models, online loan applications are automatically accepted and risk assessment is carried out, and core business operations such as credit approval, contract signing, loan issuance and post-loan management are completed.

The term "risk model" as mentioned in these Measures refers to various models applicable to the whole process of Internet loan business, including but not limited to identity authentication model, anti-fraud model, risk assessment model, credit approval model, risk pricing model, risk early warning model and loan collection model.

The term "joint loans" as mentioned in these Measures refers to loans granted by commercial banks and institutions with loan qualifications in accordance with the agreed proportion.