The reasons may be:
1. Economic downturn. 2. Consumption enthusiasm dropped sharply.
Economic recession refers to a prosperous state in which the overall economy shows a downward development trend, the market is not prosperous, and the economic aggregate growth rate is slow. A sudden drop in consumption enthusiasm means that residents' consumption levels have dropped and their spending power has become worse.
The following is an introduction to bank loan methods:
Entrepreneurship Loans
Entrepreneurship loans refer to individuals who have certain production and operation capabilities or are already engaged in production and operation activities. A special loan issued to those who apply for capital needs due to starting a business or re-starting a business, and after the bank recognizes the effective guarantee. Qualified borrowers can obtain a single loan support of up to 500,000 yuan based on their personal resource status and repayment ability.
Mortgage Loans
For those who need to start a business, personal consumption loans can be flexibly used for starting a business. The mortgage loan amount generally does not exceed 70% of the assessed value of the mortgage property, and the maximum loan limit is 300,000 yuan. If you need to purchase a commercial house along the street to start a business, you can use the house you plan to buy as a mortgage and apply for a commercial house loan from the bank. The loan amount generally does not exceed 60% of the appraised value of the commercial house you plan to purchase, and the loan term does not exceed 10 years at most.
Pledged Loan
In addition to deposit certificates that can be pledged, personal loans can also be easily obtained with treasury bills, insurance company policies and other certificates. Loans pledged by deposit certificates can lend 80% of the amount of the deposit certificates; loans pledged by treasury bonds can lend 90% of the face amount of the treasury bonds; the amount of policy pledge loans issued by insurance companies shall not exceed 80% of the current cash value of the insurance policy.
The above information refers to Baidu Encyclopedia - Bank Loans