The profit of the factoring company mainly comes from the interest spread, which is roughly 3%-4%. If the factoring company has a good background and competitiveness, it will get a higher interest spread. For accounts receivable financing, it should charge financing interest according to the regulations of the People's Bank of China, and the interest rate is calculated according to the loan interest rate (including floating interest rate) of the same period. The specific factoring financing interest rate depends on the actual advance amount of the factoring business and the current market interest rate level, and is specified in the factoring service contract of both parties.

generally, the annualized interest rate of factoring financing is 1%-15%, with a higher interest rate of 17%-18% and a lower interest rate of 8%-9%. The factoring service commission includes the buyer's credit evaluation, collection and management of accounts receivable.

the rate depends on the nature of the transaction, the amount, the financing risk control and the specific content of the service provided, and is generally .1%-3% of the net accounts receivable.

Tips: The above explanations are for reference only.

Response time: October 2, 221. Please refer to the latest business changes announced by Ping An Bank in official website.

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