What is a Character Loan?

A bridge loan, also known as a bridge loan, refers to financial institution A's inability to operate due to a temporary lack of funds after receiving a loan project, so it consults financial institution B to let it help release funds and wait for funds of financial institution A When in place, B exits. For B, this loan is the so-called bridge loan. In our country, policy banks such as China Development Bank / Export Bank / Agricultural Development Bank play the role of financial institution A, and commercial banks play the role of financial institution B.

Bridge loan

Bridge loan

In a general sense, a bridge loan is a

The key element of a bridge loan is a qualified buyer and a signed contract. Generally speaking, for new homes

From

Cross-border loans usually refer to intermediaries

In the field of real estate finance, the bridge loan mechanism is also widely used for developer financing. Since the developer has not paid off the land completely after the auction

Bank loan interest rate

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%.