Special loan interest reduction funds: On-lending means that before the loan expires, an enterprise or individual applies to the bank for a new loan to repay the previous loan with the bank. After the bank agrees, it Borrow new money and repay old money at the bank. Under normal circumstances, special loans cannot be used to repay old loans. An interest rate cut is a measure used by the central bank to change the flow of cash in the entire market by adjusting interest rates. Cutting interest rates will cause funds to be transferred out of banks, and deposits will be turned into investments or consumption, increasing liquidity and encouraging consumers to take loans to purchase large-ticket items. Therefore, if the financial market is cutting interest rates across the board and the interest rates of new loan products are relatively low, then you can reduce the interest rates by refinancing. Refinancing is equivalent to applying for a new loan and replacing the old loan plan. This method can lower the loan interest rate and make the repayment method more flexible. After re-lending, the borrower's loan interest rate will be reduced, which is equivalent to providing special loan interest reduction funds: re-lending is when an enterprise or individual applies to the bank for a new loan before the loan expires and obtains the bank's approval. To repay the previous loan in the bank, it is to borrow new money and repay the old money at the bank. Under normal circumstances, special loans cannot be used to repay old loans. An interest rate cut is a measure used by the central bank to change the flow of cash in the entire market by adjusting interest rates. Cutting interest rates will cause funds to be transferred out of banks, and deposits will be turned into investments or consumption, increasing liquidity and encouraging consumers to take loans to purchase large-ticket items. Therefore, if the financial market is cutting interest rates across the board and the interest rates of new loan products are relatively low, then you can reduce the interest rates by refinancing. Refinancing is equivalent to applying for a new loan and replacing the old loan plan. This method can lower the loan interest rate and make the repayment method more flexible. After refinancing, the borrower's loan interest rate is reduced, which is equivalent to improving the utilization rate of funds.