bank of china loan

First, a one-year short-term loan

Two, medium and long-term loans for one to five years (including five years) 4.75 more than five years 4.90

Three. The annual interest rate of provident fund loans is less than 2.75% for five years (including five years).

Extended data

Matters needing attention in loan

careful

At present, the competition between banks is very fierce. In order to gain more market share, each bank will adjust the loan interest rate according to the loan interest rate range stipulated by the state. Therefore, fund demanders choose low-interest banks for loans.

draft

Many fund demanders are very casual when signing bank loan agreements. In fact, this chic behavior shows that they lack a good sense of financing and financial management, and often pay more interest when lending, which leads to artificially high interest rates. Because some banks pay more interest on loans. For example, loans that retain the balance of deposits and loans that withhold interest.

The so-called retained deposit balance loan means that the fund requires it to deposit part of the loan principal into the bank account, so as to limit the demand for funds to repay the loan principal and interest as scheduled. But as far as capital demanders are concerned, loans need to pay interest.

The so-called interest deduction loan means that some banks will reduce the loan funds provided to the fund demanders in order to ensure that the loan interest can be borrowed from the lenders, which objectively increases the financing cost of the fund demanders.