1, the meaning of commercial loans
Commercial loans, also known as personal housing loans, are self-operated loans issued by banks with their credit funds to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, with a term of 9 months and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.
2. Calculation of commercial loans
Commercial housing loan interest rate refers to the loan interest rate of housing loans, and its calculation formula is loan interest = loan amount * loan interest rate * loan term = loan amount * days * daily interest rate = loan amount * months * monthly interest rate = loan amount * year * annual interest rate.
3. Commercial loan interest rate
The People's Bank of China issued a notice on March 20 15 to lower the benchmark interest rates of RMB loans and deposits of financial institutions. The benchmark interest rate for one-year loans of financial institutions is lowered by 0.25% to 5.35%; The benchmark interest rate for one-year deposits will be lowered by 0.25% to 2.5%, and the benchmark interest rates for other grades of deposits and loans and the interest rates for individual housing provident funds will be adjusted accordingly. The adjustment of interest rate is decided by the central bank, and commercial banks will generally adjust the loan interest rate for you once a year.
4. Preferential interest rate for commercial loans
(1) The so-called preferential interest rate means that the central bank sets lower interest rates for some economic sectors, industries or products that the state intends to focus on, with the aim of stimulating the production of these sectors, mobilizing their enthusiasm and realizing the adjustment of industrial structure and product structure.
(2) Whether the interest rate of house purchase loan is favorable depends on the relevant policies of the lending bank, as well as the personal qualifications and credit status of the borrower. Many places can enjoy preferential interest rates when buying the first suite. The central bank authorizes commercial banks to implement differentiated interest rates, that is, they can float up or down independently. It is suggested to consult several banks and choose the bank with relatively low loan interest rate.
To sum up, credit cooperatives generally need foreign loans, and they must meet the conditions prescribed by law before they can handle them. Therefore, when making a loan, we must consult all the terms of the bank and prepare all the materials that need to be submitted, so that the bank will lend itself and the loan will be successful.