Loan Type

Many different types of loans, according to the different loan term, can be divided into a term loan and the loan. Term loan, the borrower must repay principal and interest within the agreed time; current loans, does not require repayment period, the customer can at any time repay all or part of the loans, banks may also require the borrower to repay the loan at any time. According to the different nature of guarantees, loans, mortgages and credit can be divided into two loans. Mortgage loan refers to commodity and merchandise certificates or other articles for the mortgage loans; credit loans by banks when lending money, there is no guarantee some kind, usually issued by the borrower signed the note himself. In China, the bank loans in terms of its loans to the object, including working capital loans, loans for technological transformation, infrastructure loans, overhaul lending, settlement loans, agricultural futures down payment loans, revolving loans for agricultural production and agricultural equipment loans.
According to the relevant provisions of national management of funds, Chinese banks are state-owned enterprises within the fixed capital, in principle, banks must lend to, according to a lower rate of interest; ultra-scale capital needs, from banks to companies and their financial situation lend, generally pay higher interest rates. Borrower for some objective reasons can not repay the loan, re-fill in IOUs, and reviewed and approved by the bank, you can extend the repayment period. But if the loans due to poor management unit of the subjective reasons can not repay the loan, you can not extend the repayment period, but also subject to interest on bank loans or deducted.
China, the specialized banks in the lending business, the following division: China Industrial and Commercial Bank of China and Agricultural Bank of China issued industrial loans, agricultural loans and commercial loans; China Construction Bank loans for infrastructure; Bank of China's RMB loans for foreign trade enterprises and foreign exchange loans; China Investment Bank and the World Bank for the use of other foreign investors to raise.
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What types of loans?

Loans divided by the length of the period, with short-term loans, medium-term loans and long-term loans. Short-term loans, is the term of the loan less than 1 year (including 1 year) loans. Medium-term loans, is the loan period of 1 or more years (not including 1 years) 5 years (including 5 years) loans. Long-term loans, is the term of the loan in 5 years (not including 5 years) than loans.
Loans secured by whether or not broken into credit and secured loan. Credit, is based on the borrower's good or bad credit loans to the borrower, not find a "guarantor", and no other guarantees. Secured loan, is the law by the borrower or third party guarantees and loans. Including guaranteed loans, secured loans, mortgage, pledge loans. Guaranteed loans, mortgage or pledge loans are defined as the "Guarantee Law of the PRC" means the provisions of the guarantee, mortgage or pledge form means loans. Such as personal housing loans and automobile loans are to home or car as collateral for secured loans issued.
Rural credit cooperatives, according to the loans targeted to their specific purposes, mainly in rural business loans, consumer loans, student loans, real estate loans, household loans, agricultural loans and other economic organizations loans.
First, self-loans, entrusted loans and certain loans:
1, self-loans, the lender is a legitimate way of raising funds own the loans, the risk borne by the borrower by the lender to recover the principal and interest.
2, entrusted loans, is by government departments, enterprises, institutions and individual clients to fund the loan (the trustee) to determine the loan according to the principal object of use, the amount of term, interest rates paid on behalf of, supervision of and assist in recovery of loans. The lender (the trustee) only charge a fee, do not take credit risk.
3, specific loan is approved by the State Council and the potential loss of loans to take appropriate remedial measures, instructed state-owned commercial bank loans.
Second, short-term loans, medium-term loans and long-term loans:
1, short-term loans, is the term of the loan less than 1 year (including 1 year) loans.
2, medium-term loans, is the term of the loan in one year (not including 1 year) 5 years (including 5 years) loans.
3, long-term loans, is the term of the loan in 5 years (not including 5 years) than loans.
Third, credit loans, secured loans and bills discounted:
1 credit, refers to the borrower's credit loans.
2, secured loan, is the guaranteed loans, mortgage, pledge loans.
Guaranteed loans, is in accordance with "Guarantee Law of the People's Republic" of guarantees provided to third parties promise the borrower can not repay loans, according to contractual commitments to ensure Ze Ren Yi Ban or joint and several liability Erfa Fang loans.
Mortgage loans are defined as the "Guarantee Law of the PRC" means the provisions of the mortgage to a borrower or a third person's property as collateral for loans.
Pledge loans are defined as the "Guarantee Law of the PRC" means the provisions of the pledge by the borrower or a third person's personal property or property rights as the quality of the loans.
3, bank discount, the lender is the borrower for the purchase of commercial paper outstanding way of loans.
Second, the loan term, interest rate
(A) short-term credit personal loans small period of 1 year (inclusive).
(B) of the small short-term credit personal loan interest rate prescribed by the PBC in accordance with the implementation of short-term lending rate, the floating rate in accordance with the relevant provisions of the PBC. In the case of the loan interest rate adjustments, enforcing contracts, interest rate, not interest-bearing section. Term of the loan for less than 6 months, 6 months according to grade interest rates.
(C) the individual small short-term credit line of credit from 2,000 yuan loan amount does not exceed the average monthly salary of the borrower to 6 times earnings, and the maximum not more than 20 thousand yuan.
(D) individual micro-credit loans generally do not handle short-term extension. Indeed due to force majeure or an accident can not repay the loan on time, lenders agreed upon may be extended once, and the total credit shall not exceed 1 year. Extension before the original contractual rate of interest paid. Extension is of interest, accumulated loans for less than 6 months from the date extended by 6 months of the date listed on lending interest rates: More than 6 months from the date of renewal according to the date of listing 1-year loans interest rates.