; ? When a borrower applies for a loan through a bank, it will have a great impact on the loan approval result and future repayment. Therefore, many borrowers will hesitate before applying for a loan. Is it better to lend to state-owned banks or foreign banks? Let's make a comparison together!
Is it better to loan state-owned banks or foreign banks?
1, loan application conditions
Judging from the requirements for borrowers, state-owned banks pay more attention to the all-round development of borrowers, which means that credit information, income and repayment ability are indispensable. Foreign banks pay more attention to the income of borrowers. Even if the borrower's credit information is not very good, he can successfully borrow money from foreign banks with high returns.
2. Loan application interest rate
In terms of loan interest rate, most state-owned banks float on the basis of the central bank's benchmark interest rate, while foreign banks have different loan interest rates and different regulations. Most loan interest rates are different from those of state-owned banks.
3. Concessional loan application
If borrowers want to apply for large loans, state-owned banks and foreign banks generally have some preferential loans, that is, interest rate concessions. It is difficult for state-owned banks to apply for preferential loans, and it takes a long time. In order to attract customers, foreign banks basically give the lowest discount to high-quality customers.
4. Other expenses
What foreign banks pay attention to is a kind of "high-quality service", and correspondingly, it is high fees. Take prepayment as an example. Standard Chartered Bank charges 3% of the repayment amount, which means prepayment of 65,438+10,000 yuan will charge 3,000 yuan. HSBC and Hang Seng Bank also charge up to 3% of the repayment amount.
The above is about "whether it is better to loan state-owned banks or foreign banks". I hope I can help you!
Why is the loan interest rate of foreign banks low?
The main reason for the loan interest rate of foreign banks is to compete with Chinese banks. Compared with state-owned banks, foreign banks have the disadvantages of small loan amount and insufficient market competitiveness. If the loan interest rate of foreign banks is higher, they will not be competitive with state-owned banks, and naturally there will be no customers. Moreover, the investors of foreign banks are generally large foreign companies. In terms of currency exchange ratio, foreign banks have greater advantages than state-owned banks, and even if the loan interest rate is lowered, profits will not decrease.
The deposit interest rate in the United States is so low, but the loan interest rate is similar to ours. Why?
The result of market economy!
The integration and liberalization of market economy are all adapted to this market!
1. The Federal Reserve controls interest rates.
Yes, the Fed can change its federal funds rate-overnight lending rate, which will affect the short-term interest rates of corporate loans and consumer loans. However, various long-term interest rates, such as 10-year US Treasury bonds or 30-year mortgage loans, all depend on the capital market, and are influenced by inflation trends, government budget deficits and overall capital demand and supply over time.
Recently, when the Federal Reserve began to implement its second round of "quantitative easing" monetary policy-by injecting more funds into the American economy and trying to lower long-term interest rates-the limitations of its influence were exposed. These long-term interest rates did fall a few weeks before the launch of the plan in June 5438+065438+ 10, but soon began to rise sharply. What is the reason?
First of all, the signs of economic strength have prompted many analysts to raise their expectations for economic growth this year, which means that the demand for funds will also increase-the greater demand for funds will translate into higher interest rates. Secondly, the tax reduction agreement reached between the White House and congressional leaders in June+February, 5438 will increase the government's debt this year, thus increasing the capital demand. Finally, some investors are worried that the Federal Reserve's "quantitative easing" plan may lead to an increase in inflation rate, which may lead to an increase in interest rates.
Low interest rates will continue.
That was not the case. Interest rates will continue to rise, not only because once the economy accelerates, the Fed will eventually raise short-term interest rates. Our recent research shows that the global capital demand is rising rapidly as emerging markets begin to set off one of the biggest building booms in history. The rapid economic growth and urbanization of developing countries, especially China, have stimulated the demand for housing, roads, ports, water supply and power systems, machinery and equipment. By 2030, the global annual investment demand may increase from the current 1 1 trillion dollars to 24 trillion dollars.
At the same time, global savings are unlikely to grow as fast as before, because countries around the world need to spend more money on pensions, medical care and other needs of the elderly population. It is predicted that by 2030, the gap between global savings and investment demand will be as high as 2.4 trillion US dollars. In addition, by definition, savings and investment must be equal, and this funding gap will push up interest rates.
American policymakers should keep interest rates low, make consumers spend more money and stimulate American economic growth. Compared with the recent credit bubble, the savings rate of American households is higher now; 20 10 personal savings rate rose from 2% in 2007 to nearly 6%. This will not only help people save money for retirement, but also benefit the long-term healthy development of the American economy: a higher national savings rate will help raise more funds for national investment. If any changes are needed, policy makers should encourage consumers to save more.
However, will more personal savings inhibit economic growth? If enterprises and governments increase investment, expand national production capacity, produce and provide more and better products and services, economic growth will not be inhibited. In the past, we invested too little, especially in infrastructure. According to the estimation of the American Society of Civil Engineers, in the next five years, in addition to our current annual investment of 400 billion US dollars, the United States needs to invest 2.2 trillion US dollars in transportation, water supply, energy, schools, waste disposal and public park construction to update the backward and aging infrastructure in China and help meet the growing demand.
These different types of investment will provide additional impetus for economic growth and offset the decline in consumer spending income. Now is the right time to start doing this, although interest rates are still close to the lowest level in history.
4. In order to support the real estate market and the American economy, it is necessary to retain the tax relief of mortgage interest.
Almost unnecessary. Reducing mortgage interest will be welcomed by owners, real estate agents and lending institutions, but its broader economic benefits are controversial.
According to the current law, American taxpayers can reduce the mortgage debt interest of their first house and second house by up to $6,543,800+,and they can also reduce the interest of home equity loans by $6,543,800+. Therefore, the law reduces the cost of owning a house and forms an incentive mechanism to urge people to take on additional mortgage debt-stimulating the growth of real estate and financial industry and increasing consumer spending.
However, these benefits also come at a cost: this interest relief reduces the federal government's revenue (it is expected to decrease by 20 1 year1/kloc-0.04 billion US dollars), thus increasing the budget deficit. It also encouraged American families to take on more debts than when there was no relief, thus fueling the real estate market bubble that eventually led to the financial crisis. In sharp contrast, Canada did not implement this tax relief policy for mortgage loans, but its housing market was healthier and its leverage ratio was lower, avoiding the ups and downs of the American-style Great Prosperity and the Great Depression. President Obama's Finance Committee suggested that mortgage interest relief should be strictly limited, which is a step in the right direction.
Raising interest rates is not good for the American economy.
In fact, in many ways, compared with the extremely low interest rates in recent years, raising interest rates appropriately will be more beneficial to the US economy. Higher interest rates will benefit savers (especially retirees and pension funds), thus encouraging families to save more.
Higher interest rates will also limit the emergence of financial bubbles, curb speculative and over-leveraged investments, and encourage more investments that can effectively increase the potential economic growth rate, such as expanding the national broadband network, developing new green technologies, and transforming backward and aging infrastructure.
Higher interest rates will also make corporate executives pay more attention to the return on their capital investment and always remind them to ensure that every penny they spend can get more benefits. This can improve the productivity of the whole country, and improving productivity is the key to continuously improve people's living standards over time.