One point of interest is an interest rate of 1%. According to the interest formula: interest = interest rate × principal × term, the interest required for one point of interest on 10,000 yuan is: 10,000 (principal) × 1%×term. If the user's monthly interest rate is one cent and the loan period is three months, the user needs to pay 10,000 × 1% × 3 = 300 yuan.

1. The concept and function of loans

Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. It is simple and popular. The understanding is that borrowing money requires interest. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development; at the same time, banks can also obtain loan interest income and increase their own accumulation.

Second and Three Principles

The "Three Principles" refer to safety, liquidity and efficiency, which are the fundamental principles of commercial bank loan operations. Article 4 of the "Commercial Bank Law of the People's Republic of China" stipulates: "Commercial banks take safety, liquidity, and efficiency as their operating principles, implement independent operations, bear their own risks, be responsible for their own profits and losses, and self-discipline."

1. Loan security is the primary issue faced by commercial banks.

2. Liquidity refers to the ability to recover loans within a predetermined time limit or quickly realize cash without loss, so as to meet the needs of customers to withdraw deposits at any time.

3. Efficiency is the basis for the sustainable operation of banks. For example, when issuing long-term loans, the interest rate is higher than that of short-term loans, and the efficiency is good. However, if the loan period is long, the risk will increase, the safety will be reduced, and the liquidity will become weaker. Therefore, there must be harmony between the "three natures" so that there will be no problems with loans.

3. Student loans

As a leading consumer credit information service company in China, Lirong.com is the only company in China that has launched an MBA student loan project, which provides MBA students with The bridging student loans provided can help students easily solve their tuition problems. MBA freshmen can apply for low-interest student loans ranging from 10,000 to 200,000 yuan on Lirong.com with their admission notice. If the repayment method is equal to principal and interest, the monthly interest can be as low as 0.7%, which is lower than the interest rate of bank credit card installments. All low. After enrolling in school with the bridging student loan provided by Lirong.com, MBA students can apply to the school for a lower-interest national student loan, and then use the national low-interest loan to repay the tuition bridging funds in one go. To do this, as long as the borrower indicates the interest-first-payment-later service when applying, that is, go to lirong.com to apply for a student loan in the form of interest-first, principal-pay later before enrolling. The best application period is 6 months. National student loans applied in September will generally not be approved until February of the following year. In this case, MBA freshmen do not need to worry about the high tuition fees that need to be paid in one go. Complete your studies with ease with student loans.