The maximum credit period is three years. What do you mean, a single credit is not more than one year?

"credit period is three years" means that the credit period of the loan line is three years, that is, it is valid for three years, and it needs to be re-evaluated after it expires;

"One-time credit does not exceed one year" means that the term of a single loan is one year, and the longest term is one year after a customer applies for a single loan.

Credit extension refers to the funds directly provided by commercial banks to customers of non-financial institutions, or the guarantee for the compensation and payment liabilities that customers may incur in relevant economic activities, including on-balance-sheet businesses such as loans, trade financing, bill financing, financial leasing, overdraft and various advances, as well as bill acceptance, letter of credit issuance, letter of guarantee, standby letter of credit, letter of credit confirmation, bond issuance guarantee, loan guarantee, asset sales with recourse, etc. Simply put, credit extension refers to the behavior that banks directly provide financial support to customers or guarantee the credit of customers in relevant economic activities to third parties.

Tips: The above explanations are for reference only.

Response time: November 1, 221. Please refer to the latest business changes announced by Ping An Bank in official website.

what is the credit term of bank loans?

the credit period is the time interval between the purchase and payment. There is a certain dependence between the sales volume of products and the credit period. Determining the credit period is an important link in credit management, and the purpose of determining the credit period is to make the enterprise get more profits.

credit scope of bank loans

1. The maximum credit line of the whole bank to each region

2. The maximum credit line of the whole bank to a single customer

3. The maximum credit line of a single branch to the service area under its jurisdiction

4. The maximum credit line of a single business department and branch to a single customer

5. Loans to a single customer in different ways. Credit that needs to be increased due to changes in customer conditions

7. Credit that exceeds the basic credit due to changes in national monetary and credit policies and markets

8. Temporary credit for special project financing

Extended information:

Classification of bank loans

1. Venture loans

Venture loans refer to individuals who have certain production and operation capabilities or have been engaged in production and operation activities. A special loan issued after the bank has recognized the effective guarantee. The eligible borrower can get a single loan of up to 5, yuan according to the individual's resource status and repayment ability

2. Mortgage loan

For those who need to start a business, they can flexibly use personal consumption loans for starting a business. Generally, the amount of mortgage loan does not exceed 7% of the appraised value of collateral, and the maximum loan amount is 3, yuan

3.

Besides the certificates of deposit, you can easily get personal loans with certificates such as treasury bills and insurance company policies, and the certificates of deposit can lend 8% of the amount of deposit certificate and 9% of the denomination of national debt loanable national debt. The amount of the insurance policy issued by the insurance company shall not exceed 8% of the cash value of the insurance policy at that time

4. Guaranteed loan

If you don't have a certificate of deposit, national debt or insurance policy, but your spouse or parents have a good job and a stable income, it is also an excellent credit resource

5.

According to those who are under 6 years old, healthy, honest and have certain credit. Self-employed, self-employed, partnership or organized employment, can hold a re-employment concession card issued by the labor and social security department to a commercial bank, and each person's standard can be a maximum loan of 2, yuan, and the interest is the lowest interest rate between local bank loans.