Loan discount policy refers to the state subsidizing the loans of a certain industry in order to support it. This kind of loan is called a discount loan. Loan discount refers to the small secured loans for low-profit projects that are fully or partially subsidized by financial institutions. The borrower does not pay interest during the loan period, and the maximum discount is no more than two years, and no subsidy will be given during the extension period. Financial discount loans are presided over by the government. The overall purpose is to activate economic vitality and promote economic development. This is a financial subsidy. The state subsidizes some project loans of some enterprises in a certain period of time according to a certain proportion. The advantages of using financial discounts are:
(1) With less financial funds, a large amount of social funds can be attracted to meet the needs of national key construction funds.
(2) As the financial discount is first used for national key construction projects, it is conducive to adjusting the investment structure and rationalizing the industrial structure.
(3) It is conducive to reducing the cost of products and increasing the profits of enterprises, which is also conducive to increasing fiscal revenue.
④ Implementing different interest rates for different industries is conducive to establishing a reasonable interest rate system and indirectly regulating production and consumption.
Second, what is the loan discount?
Discounted loan means that all or part of the loan interest obtained by the borrower from the commercial bank is borne by the relevant government agencies or non-governmental organizations, and the borrower only needs to repay the principal or a small part of the interest as agreed. This way is essentially the encouragement or support of the government or non-governmental organizations to borrowers.
Third, what does the loan discount mean?
Loan discount means that all or part of the loan interest obtained by the borrower from the commercial bank is borne by the relevant government agencies or non-governmental organizations, and the borrower only needs to repay the principal or a small part of the interest as agreed. In China, in addition to student loans, there are also discount loans for starting businesses.
Due to the particularity of the student loan object, the state stipulates that students are completely interest-free during their school days, that is, the government pays the student's loan interest in full, and the student needs to pay interest after graduation. During the grace period of the loan, you only need to pay interest, not the principal, and then pay the principal and interest after the grace period. As a preferential loan policy, local governments will give specific policy guidance according to the local actual situation and loan flow.
4. What does the loan discount mean?
Discounted loans refer to loans supplemented by the state or banks for specific purposes.
It is a preferential loan to encourage the construction of a certain cause or project. The loan interest can be fully subsidized or partially subsidized. Generally speaking, the principle of who arranges and subsidizes the loan spread is implemented.
Discounted loans arranged by the state; Low-interest loans approved by the People's Bank of China are subsidized by the People's Bank of China; Low-interest loans from specialized banks are provided by specialized banks.
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Application method of discount loan
For individuals who meet the requirements of small secured loans, the general process of applying for loans includes voluntary application and preliminary examination steps.
1, voluntary application. Eligible applicants can submit a written application to the residents (some can directly submit it to the pawnshop or guarantee institution), and submit relevant materials, certificates or relevant certificates.
2. The examination department conducts qualification examination. The institution that has passed the examination refers to the guarantee institution entrusted to operate the guarantee fund in accordance with the relevant provisions.
3. Promise. The guarantee institution shall review the applicant's projects in accordance with the relevant provisions, and handle the guarantee procedures for those who meet the conditions.
4. Issue loans. The loan applicant promised by the guarantee institution shall, after being examined and approved by the handling bank in accordance with relevant regulations, sign a contract and issue loans. The handling bank refers to all kinds of financial institutions at all levels that have signed cooperation agreements with guarantee institutions to carry out small-sum secured loan business.