How Does Loan Processing Work?

Business loans are financing products for SME owners or individual industrial and commercial households as service objects. Borrowers can obtain bank loans through mortgages and other guarantee methods. The loan funds are used for the business needs of their enterprises or individual households.

Operating loan

Borrower application

Designing the right loan scheme

Fight for preferential loan rates

Speed up loan processing

Provide professional assessment guarantee services

Currently, many investment guarantee companies manage and

The personal operating loans of domestic banks currently have the following characteristics:

1. High loan amount: For example, the personal business loan of China Merchants Bank can be up to 30 million; the Industrial and Commercial Bank of China is 10 million;

2. Long loan term: Generally, the maximum credit can be up to 10 years, and the single loan can be up to 5 years;

3. Many guarantee methods: Flexible guarantee methods such as pledge, mortgage, natural person guarantee, professional guarantee company guarantee, market manager guarantee, joint guarantee, mutual guarantee, and combined guarantee can be adopted.

4. With revolving loan function: This type of loan is applied once, recycled, and borrowed and repaid, which is convenient and fast.

1. Eligibility certification documents, such as identity cards, household registration books or other valid residence permits, business licenses, etc .;

2,

Loan limit:

(1) Client application

(2) Acceptance and investigation of business handling agencies

(3) Review of business handling agency

(4) Signed and approved by business agency

(5) Preliminary examination of the loan approval agency or authorized institution of the Head Office

(6) Final review by the loan review agency or authorized institution of the Head Office

(7) Lending

The People's Bank of China has decided to reduce the benchmark interest rate for RMB deposits and loans of financial institutions since June 8, 2012. The benchmark one-year deposit and loan interest rates of financial institutions were reduced by 0.25 percentage points.

On June 8, 2012, the People's Bank of China decided to reduce the benchmark interest rate for RMB deposits and loans of financial institutions from June 8, 2012. The benchmark one-year deposit and loan interest rates of financial institutions were reduced by 0.25 percentage points, and the housing provident fund deposit and loan interest rates were also reduced simultaneously.

On July 6, 2011, the People's Bank of China decided to raise the benchmark interest rate for RMB deposits and loans of financial institutions by July 7, 2011. The benchmark one-year deposit and loan interest rates of financial institutions were raised by 0.25 percentage points, and the housing provident fund deposit and loan interest rates were also raised simultaneously.

On April 5, 2011, the People's Bank of China decided to increase the benchmark interest rate on RMB deposits and loans of financial institutions from April 6, 2011. The benchmark one-year deposit and loan interest rates of financial institutions were raised by 0.25 percentage points.

On February 8, 2011, the People's Bank of China decided to raise the benchmark interest rate for RMB deposits and loans of financial institutions from February 9, 2011. The one-year benchmark interest rates for deposits and loans of financial institutions were raised by 0.25 percentage points, and the benchmark interest rates for other grades of deposits and loans were adjusted accordingly.

On December 25, 2010, the People's Bank of China decided to increase the benchmark interest rate on RMB deposits and loans of financial institutions from December 26, 2010. The one-year benchmark interest rates for deposits and loans of financial institutions were raised by 0.25 percentage points, and the benchmark interest rates for other grades of deposits and loans were adjusted accordingly.

On October 19, 2010, from October 20, 2010, the interest rate on bank loans will be raised by the RMB deposit and loan benchmark rates for financial institutions. The benchmark one-year deposit interest rate of financial institutions was raised by 0.25 percentage points, from the current 2.25% to 2.50%; the benchmark one-year loan interest rate was increased by 0.25 percentage points, from the current 5.31% to 5.56%; other benchmarks for deposits and loans The interest rate is adjusted accordingly.

From November 27, 2008, starting from November 27, 2008, the one-year RMB deposit and loan benchmark interest rates for financial institutions will be reduced by 1.08 percentage points, and the other maturity grade deposit and loan benchmark interest rates will be adjusted accordingly. At the same time, interest rates such as refinancing and rediscounting by the Central Bank were reduced.

On October 29, 2008, from October 30, 2008, the one-year deposit benchmark interest rate was reduced from the current 3.87% to 3.60%, a decrease of 0.27 percentage points; the one-year loan benchmark interest rate was lowered from the current 6.93% to 6.66. %, Down by 0.27 percentage points; the benchmark interest rates for other grades of deposits and loans are adjusted accordingly. The personal housing provident fund loan interest rate remains unchanged.

On October 8, 2008, from October 9, 2008, the one-year RMB deposit and loan benchmark interest rates will be reduced by 0.27 percentage points; from October 15, 2008, the RMB deposit reserve ratio of deposit-type financial institutions will be reduced by 0.5 percentage points.

On September 15, 2008, from September 16, 2008, the one-year RMB loan benchmark interest rate will be reduced by 0.27 percentage points; from September 25, 2008, the RMB deposit reserve ratio of deposit-type financial institutions will be reduced by 1 percentage point.

On December 20, 2007, the one-year deposit benchmark interest rate was raised by 0.27 percentage points; the one-year loan benchmark interest rate was increased by 0.18 percentage points.

On September 15, 2007, the benchmark interest rate for RMB deposits and loans of financial institutions was raised by 0.27 percentage points.

On August 22, 2007, the benchmark interest rate for RMB deposits and loans of financial institutions was raised by 0.27 percentage points.

On July 20, 2007, the benchmark interest rate for RMB deposits and loans of financial institutions was raised by 0.27 percentage points.

On May 19, 2007, the benchmark one-year deposit interest rate was raised by 0.27 percentage points; the benchmark one-year loan interest rate was increased by 0.18 percentage points.

On March 18, 2007, the benchmark interest rate for RMB deposits and loans of financial institutions was raised by 0.27 percentage points.

On August 19, 2006, the one-year deposit and loan benchmark interest rates were raised by 0.27%.

On April 28, 2006, the loan interest rate of financial institutions was raised by 0.27% to 5.85%.

On March 17, 2005, the interest rate on housing loans was raised.

On October 29, 2004, the one-year deposit and loan interest rates were raised by 0.27%.

On July 11, 1993, the one-year time deposit rate was increased from 9.18% to 10.98%.

On May 15, 1993, the average annual interest rate of all grades of time deposits increased by 2.18%, and the average interest rate of various loans increased by 0.82%.