The loan term of equipment loan is generally 1~3 years, and the longest is not more than 5 years; At the same time, it is necessary to provide property mortgage and pledge recognized by the loan bank (some banks can also use the purchased vehicles as collateral, and the manufacturer will provide full repurchase guarantee).
So how to calculate the expected annualized interest rate of equipment loans?
The expected annualized interest rate of the loan shall be implemented in accordance with the expected annualized interest rate of loans of the same grade in the same period stipulated by the People's Bank of China.
Equipment loans should pay interest according to regulations and should be included in the equipment cost.
Equipment loans should be repaid in the next year's budget allocation.
Taking the equipment loan application method of China Merchants Bank as an example, this paper briefly introduces the following processes and methods of equipment loan application.
The equipment mortgage loan of China Merchants Bank refers to the short-term working capital loan business applied to our bank with the core production equipment owned by the enterprise as the main guarantee.
Characteristics and advantages of equipment loan;
(1) expanded the scope of collateral and solved the problem of insufficient collateral for small and medium-sized production enterprises.
(2) Revitalized the fixed assets of enterprises and broadened the financing channels of enterprises.
(3) The range of mortgage equipment is wide, which is suitable for different types of production-oriented small and medium-sized enterprises.
So what kind of enterprise is this kind of loan suitable for? It is considered that manufacturing enterprises or equipment leasing enterprises with good operating conditions, rapid growth of financing demand and no real estate mortgage guarantee can consider applying for equipment loans.
Application steps:
(1) The handling sub-center must be admitted to an appraisal company with asset appraisal qualification;
(2) Examination and approval according to general mortgage business;
(3) Before lending, you must go through the mortgage registration formalities with the local administrative department;
(4) Lending and normal post-loan management, the examination and approval opinions can clearly require that the frequency of post-loan on-site inspection should be higher than other general guarantee businesses.
The above is the equipment loan application method of China Merchants Bank. If you want to apply for equipment loans from other banks, you can go to official website to inquire or consult in the business hall.