At present, the benchmark interest rate for one-year bank loans is 5.8 1%, and China Merchants Bank will increase by 20% to 30% according to the actual situation of loans. The annual loan interest of 5 million yuan is about 363,000 yuan. Generally, real estate mortgage is needed, that is, real estate or land. A loan of 5 million yuan will generally provide a mortgage with an estimated value of 7 million to 6,543,800,000 yuan according to the operation of your enterprise.

If your collateral is not enough, you can apply to the guarantee company that cooperates with them through the bank. They provide the guarantee and you can take the loan. The cost of a general guarantee company is 3% of your annual loan amount.

Generally speaking, if you can earn more than 600 thousand a year through loans, you can go to the bank for loans. Can communicate with people in the bank about how to borrow money, loan conditions and repayment methods.