1. Why does Chongqing stipulate that the total loan cost of small loan companies must not exceed 4 times the benchmark interest rate?
Why must you go to a small loan company for a loan? Is it because your personal qualifications are not good or your company's qualifications are not good, or are you overdue a lot or are you on the bank's blacklist?
We all know that small loan companies are more deceptive than outside loan companies, not to mention the high interest rates. I also picked up your information and applied for some loans here and there, almost all with an interest rate of 3 cents. The most terrifying thing is to get you some compound interest. Many families are separated and their families are destroyed because of this.
If your credit report is not good, then improve your credit report. Those text messages that send you links saying that you can check your credit limit by clicking on them are all fake. If you click on the big data in your backend, you will spend money. If you spend money, you will not be able to get a bank loan, so you can only get a small loan. In fact, these connections are also made by small loan companies, and in the end they are the ones who get screwed
2. Who knows what the general interest rate of loan companies is?
1. Nowadays, the general interest rate of loan companies is about 10%. For specific details, it depends on each loan company's own regulations. 1. Quoting the new regulations in 2020: it is determined that the maximum annual interest rate shall not exceed 15.4%. The core spirit of this regulation is: the previous regulation of the maximum private lending interest rate of 24% is abolished, and the annual interest rate of voluntary payment of natural debt is no longer set at 36%. The adjusted private lending interest rate shall not exceed four times the LPR (calculated as four times the LPR in the latest period, which is 15.4%). 2. There are currently many lending institutions on the market with various interest rate options. For example, banks are the largest lending companies and have the lowest interest rates compared to some other platforms, generally ranging from 4.8-6.6% for more than 5 years. The maximum interest rate shall not exceed 4 times the bank loan interest rate for the same period, and both parties can negotiate within 4 times the bank loan interest rate for the same period. 3. The company's interest rate is relatively high, and the interest rate is not fixed according to the requirements of each company and the conditions of the borrower. It is legal for formal microfinance companies to charge interest rates below four times the central bank's base rate. For example, many microfinance companies provide professional unsecured and unsecured credit loans with a low interest rate of 2% per month, simple procedures, high loan amounts and fast loan speeds. There are no fees other than interest repayments, which makes corporate loans more attractive. 2. Compare bank interest rates: 1. Deposit and loan benchmark interest rates are the collective name for deposit benchmark interest rates and loan benchmark interest rates issued by the central bank. The benchmark interest rates for deposits and loans issued by the central bank can be divided into four items, namely: the benchmark interest rate for demand deposits, the benchmark interest rate for lump sum time deposits, the benchmark interest rate for various commercial loans, and the benchmark interest rate for provident fund loans. my country's benchmark deposit and loan interest rates are an important means of regulating the national economy formulated by the central bank by referring to the yield rate of government bonds in the circulation market. They are a concrete manifestation of macro-control of the market. The benchmark interest rate for demand deposits (regardless of age) issued by the Central Bank in 2018 is: 0.35%. The benchmark interest rates for lump sum time deposits released by the central bank in 2018 are: 1.10% for three-month time deposits, 1.30% for half-year time deposits, 1.50% for one-year time deposits, 2.10% for two-year time deposits, and 2.10% for three-year time deposits. The term is 2.75%. The benchmark interest rates for various commercial loans released by the central bank in 2018: the benchmark interest rate for less than one year (including one year) is 4.35%; the benchmark interest rate for one to five years (including five years) is 4.75%; the benchmark interest rate for more than five years The interest rate is 4.90%. The benchmark interest rate for personal housing provident fund loans released by the central bank in 2018: 2.75% for five years or less (including five years); 3.25% for more than five years. 3. Although the interest rates of banks are lower than those of credit companies, the procedures are complicated and the loan time is relatively long. Not everyone is eligible. Unsecured bank loans are more difficult. Although the announced conditions are not very high, there are still many restrictions on actual loans. Of course, it is best to apply to a bank. The interest rate is much lower and should be higher than the base rate. The degree of increase, but generally not more than 50%.
3. You can apply for a loan by providing the following information: Working people: 1. ID card 2. Labor contract or work certificate 3. Proof of address 4. Bank statements in the past six months Individual industrial and commercial households or enterprises: 1. ID card (front and back) 2. Business license, tax registration certificate, organization code 3. Corporate bank statements or personal bank statements for the past six months 4. Business premises lease contract, and rent bills for the past 2 months
3. What is the general interest rate for corporate loans provided by Chongqing Small Loan Company? I know...
It doesn’t count. The current bank loan interest rate for less than 6 months is 4.86%/year, and for less than one year is 5.31%, as long as it does not exceed 4 times the above interest rates.