What are the loan interest rates of major banks?
Within one year (inclusive), the benchmark interest rate of central bank loans is 4.35%; For medium-term loans from one year to five years (inclusive), the benchmark interest rate of central bank loans is 4.75%; For long-term loans of more than five years, the central bank's benchmark interest rate is 4.9%. Every region and every place has different policies and regulations. Please ask the staff of major banks for details.
What are the terms of the bank loan?
1, must be a natural person with full capacity for civil conduct;
2. Have permanent residence in cities and towns or valid residence status;
3. Have a stable occupation and income, good credit and the ability to repay the principal and interest of the loan;
4. Some banks will require applicants to apply for the bank's credit card, or borrow from banks with good credit records;
5. Some banks also require the provision of work mortgage or pledge recognized by the bank, or units or individuals that meet the prescribed conditions and have compensatory capacity as guarantors to repay the principal and interest of loans and bear joint and several liabilities.
legal ground
Article 197 of the Contract Law stipulates that a loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of the loan contract include the loan type, currency, purpose, amount, interest rate, term and repayment method. (The Contract Law will expire on February 3, 20201. )
Article 668 of the Civil Code provides that a loan contract shall be in written form, unless otherwise agreed between natural persons.
The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method. (The effective date of the Civil Code is 202 1 1 1)