Discounted loan means that all or part of the loan interest obtained by the lender from commercial banks is borne by government agencies or non-governmental organizations, and the lender only needs to return the principal or the principal plus a little interest. Discounted loans are generally loans issued by the government, and the interest is not borne by the borrower, nor is it symbolic.
In addition to being consistent with provident fund loans in terms of policy treatment, employees applying for discount (portfolio) loans can also enjoy the extra bonus provided by the loan bank-the part of commercial supporting loans that exceeds the amount of provident fund loans will be 5 points more favorable than the interest rate standard implemented by the existing Construction Bank.
For example, Mr. Chen applied for a housing provident fund discount portfolio loan with a total amount of 6.5438+0.2 million yuan, including 600,000 yuan of housing provident fund discount loan and 600,000 yuan of supporting commercial loan, with a term of 25 years, and the repayment method of equal principal and interest was adopted. The interest rate of the first ordinary commercial personal housing loan is 10% higher than the benchmark interest rate, and the execution interest rate is 5.39%, while the interest rate of the commercial loan with discount loan is only 5% higher, and the interest rate after discount is only 5. 145%, which can save 26,000 yuan in 25 years.
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.
What is a discount loan?
There are three differences between loans and discount loans:
First of all, they have different meanings:
1. The meaning of loan: loan is a form of credit activity that banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
2. The meaning of interest-subsidized loans: interest-subsidized loans refer to special bank loans subsidized by the state or banks for specific purposes.
Second, their roles are different:
1, the role of loans: Banks put concentrated monetary and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
2. The role of discount loan: discount loan is a kind of preferential loan to encourage the construction of a 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. The subsidized loans arranged by the state are subsidized by the central government; Low-interest loans approved by the People's Bank of China are subsidized by the People's Bank of China; Specialized banks are responsible for low-interest loans.
Third, the application process is different:
1, loan application process:
(1) accepted. The handling personnel introduce the application conditions, term, interest rate, guarantee, repayment method, handling procedures, default treatment and various expenses that the borrower needs to bear to the customer, and conduct a preliminary examination of the loan conditions, qualifications and application materials of the borrower.
(2) investigation. According to the relevant regulations, investigators take reasonable measures to investigate the authenticity of the materials submitted by customers and evaluate the applicant's repayment ability and willingness.
(3) approval. Authorize the approver to finally approve and determine the comprehensive credit line and the validity period of the line according to the customer's credit rating, mortgage, pledge and guarantee.
(4) distribution. After the loan conditions are implemented. According to the demand for funds, customers can apply to the bank for withdrawal quota at any time.
(5) Post-loan management. The loan bank shall, in accordance with the relevant provisions of loan management, supervise and inspect the income status, loan purposes, changes in collateral value and performance status of borrowers and guarantors, and the inspection results shall be recorded in writing and filed. Supervise the guarantee or credit of the guarantor or borrower, and ask the borrower and guarantor to provide help.
(6) Loan recovery. According to the repayment plan and repayment date agreed by the borrower and the borrower in the contract, the loan bank deducts it from the agreed repayment account. The borrower can also repay the loan at the business outlets of the loan bank.
2. Discount loan application process:
(1) Voluntary application. Eligible applicants submit written applications (some of which can be directly submitted to the local human resources and social security departments or microfinance guarantee institutions) to the grassroots employment platform where their household registration is located or where they operate, and submit relevant materials, certificates or relevant certificates.
(2) Review and recommend. The human resources and social security departments conduct qualification examination, and those who pass the examination are recommended to microfinance guarantee institutions. A guarantee institution refers to a guarantee institution entrusted to operate a small loan guarantee fund according to relevant regulations.
(3) Commitment. 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) issuing 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 sign cooperation agreements with microfinance guarantee institutions to carry out microfinance business.
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Baidu encyclopedia-discount loan
What does the loan discount mean? What is loan discount?
Discounted loans refer to special bank loans subsidized 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. The subsidized loans arranged by the state are subsidized by the central government; Discounted loans issued by the People's Bank of China are subsidized by the People's Bank of China; Specialized banks are responsible for discounting loans.
For individuals who meet the requirements of small secured loans, the general process of applying for loans includes four steps: voluntary application, review and recommendation, commitment to guarantee and loan issuance.
1, voluntary application. Eligible applicants submit written applications (some of which can be directly submitted to the local human resources and social security departments or microfinance guarantee institutions) to the grassroots employment platform where their household registration is located or where they operate, and submit relevant materials, certificates or relevant certificates.
2. Review and recommend. The human resources and social security departments conduct qualification examination, and those who pass the examination are recommended to microfinance guarantee institutions. A guarantee institution refers to a guarantee institution entrusted to operate a small loan guarantee fund according to relevant regulations.
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 sign cooperation agreements with microfinance guarantee institutions to carry out microfinance business.