Guarantors can apply for loans like banks, but it still depends on the borrower's overdue degree, the guarantor's repayment ability and personal qualifications. Banks classify overdue customers into several grades, such as Grade I (no entry), Grade II (secondary), Grade III (defective) and Grade IV (normal).

When accepting bank loan applications, branches of Hong Kong-funded banks in Chinese mainland can issue RMB loans or Hong Kong dollar loans according to the needs of loan applications;

1. The annual interest rate of RMB loans shall not exceed 3% of the benchmark interest rate set by the central bank. According to the current situation, it is generally floating, which can reach the annual loan interest rate of 7% to 9%. The term of RMB loans shall be determined by commercial banks according to the risk control requirements.

2. The annual interest rate of Hong Kong dollar loans shall be determined by the bank according to the regulations of Hong Kong. The annual loan interest rate is between 3% and 4%, and the loan interest rate is half lower than the RMB loan interest rate;

The difference between Hong Kong dollar loans and RMB loans, calculated with the same loan value of RMB 6,543,800+0,000, can save 30,000-40,000 yuan of bank loan interest a year, which is a good choice for entrepreneurs.

Extended data:

The lender's right to know means that the lender has the right to ask the borrower to provide information related to the loan. Its subject is the lender, usually the bank, and its object is the borrower (sometimes including the guarantor). Its object is the behavior of the borrower to provide information related to the loan, and its content is the lender's right to ask the borrower to provide information related to the loan. It is a kind of human right, relative right and claim right, an important part of creditor's rights and an important right to guarantee the realization of creditor's rights.

The information that the lender has the right to know about the borrower mainly includes two types: one is the borrower's past credit standing, debt situation, business ability, development prospect and other information before the signing of the loan contract;

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