A. What is the interest rate for 2021 business loans?
The current benchmark interest rate for a one-year loan is 4.35%, the benchmark for a 3-5 year period is 4.75%, and the benchmark for a 5-year period or more is 4.9%, and the interest rate policies for individual business loans vary from bank to bank. Generally more than 20% above the prime rate. But also divided into customers, for the Bank's quality customers, it is possible to apply a lower standard interest rate. Now that credit is tight, it is basically impossible to get a lower interest rate. Even before the bank to go begging loan customers, are now in turn begging the bank. For these customers who used to buy a home 10 percent down, are now at the prime rate of 20 percent up.
Second, the bank on personal business loan interest rates
The adjustment of the prime rate of deposit and loan may have the following effects on economic growth, business investment, household consumption, import and export:
Raising lending rates can prevent economic growth from overheating. China's economy has been accelerating since 2002. Raising the benchmark lending rate reduces the money supply, which in turn reduces investment and consumption, ultimately resulting in a reduction in total output, which is conducive to avoiding accelerated growth from evolving into an overheated economy.
The nominal interest rate on demand deposits was lowered for the first time because the proportion of demand deposits in corporate deposits and residents' savings is too high, and in order to curb excess liquidity, the lowering of the interest rate on demand deposits can reduce demand deposits to a certain extent.
Higher lending rates will have a certain impact on household consumption. 2001 after the consumer demand tends to thrive, 2001-2006 total retail sales of consumer goods increased by 10.1%, 8.8%, 9.1%, 13.3%, 12.8%, 13.7%, and is expected to grow by about 12.5% in 2007. The main reason for this is the upgrading of the consumption structure of the population, with the purchase of houses for renovation and cars as the hot spots of consumption. The overly strong consumer demand in this area has both given a stronger impetus to the development of heavy industry and real estate investment, and may also have an adverse effect on stabilizing the real estate market and on easing the contradiction between economic growth and the resource environment. Therefore, the interest rate rise will increase the cost of loans to buy cars and houses, but also increase the income from savings, bonds and other income, thus reducing consumer spending in order to guide moderate and stable growth in consumer demand.
The interest rate on individual housing fund loans remains unchanged. The interest rate on personal housing provident fund deposits carried over from the previous year was raised from 2.88% to 3.33%, an increase of 0.45 percentage points, with the aim of narrowing the gap between nominal and real interest rates and offsetting the shrinkage of personal housing provident fund deposits due to negative interest rates. This initiative is intended to reflect the promotion of social construction focusing on improving people's livelihood, so that people have a home. However, it should be seen, because the actual interest rate is negative, and the year the collection of personal housing provident fund deposit interest rate down by 0.09 percentage points, therefore, this initiative is undoubtedly a drop in the bucket.
An increase in the benchmark lending rate will affect investment. The National Development and Reform Commission sources pointed out that January - November urban fixed asset investment growth rate is still 26.6%, the increase is still high; the scale of construction is still too large. Preliminary estimates, the annual investment scale of projects under construction 32 trillion yuan, an increase of more than 5 trillion yuan over the previous year; new projects are still more. january - october, around the urban investment increased by 2.13 million year-on-year. In particular, leading to excessive investment growth in the institutional mechanism of the problem is still not fundamentally resolved, investment rebound is still possible. In order to continue to strengthen the regulation of fixed asset investment, reasonable control of investment growth, efforts to adjust the investment structure, focusing on improving the efficiency of investment, monetary policy must focus on curbing overheated investment. Interest rate hike will increase the burden of enterprises, especially production and development funds mainly rely on bank loans of large and medium-sized enterprises, interest rate changes will have a direct impact on their costs and profits. However, if the difference between the rate of interest rate increase and the inflation rate is not large, it will have little impact on the volume of investment. Therefore, the central bank's many modest interest rate hikes will not cause a sharp drop in investment or a recession.
Rising the benchmark lending rate can prevent inflation. The cpi has been at a high level in recent months, at 6.5 percent, 6.2 percent, 6.5 percent and 6.9 percent in August-November, and may reach 4.5 percent for the year. At the same time, many consumer goods with faster price increases were not counted in the cpi, and price increases were underestimated. Of course, the recent cpi rise is still structural rise, from the composition of the cpi of the eight categories of goods and services, prices rose in five categories: food, tobacco, alcohol and supplies, household equipment and maintenance services, health care and personal goods and housing; fell in three major categories: clothing, transportation and communication, entertainment, education and cultural goods and services. Therefore, in the face of structural price increases, the central bank must take monetary tightening measures to prevent structural price increases from evolving into inflation.
The impact of the increase in the benchmark deposit and lending rates on the stock market. Theoretically the interest rate hike is not good news for the stock market, however, the reality does not seem to be so. From April 28, 2006 to December 21, 2007 period, the central bank ***8 times to raise interest rates, from the announcement of the second trading day stock market performance, the stock market did not plummet, the Shanghai index instead rose. In the investment channels are too single and other factors, moderate, tight monetary policy fear temporarily difficult to affect the shareholders' strong desire and great enthusiasm. Therefore, although the repeated increase in interest rates, but for the time being, the stock market has little impact.
The impact of raising the benchmark deposit and lending rates on commercial banks. The profits of commercial banks still depend on the deposit and loan spreads, and raising interest rates may increase the profits of commercial banks; however, if the spreads are too large and higher than the levels of other countries in the world, it will not be conducive to commercial banks' business innovations, searching for new profit growth points, and improving their operating conditions. Therefore, the use of different combinations of interest rate adjustments is conducive to the adjustment of irrational interest rate structure, and promotes commercial banks to improve business management and enhance competitiveness.
Upward adjustment of the benchmark interest rate for deposits and loans is an effective choice of regulatory tools. At present, China's central bank uses the main four kinds of regulatory tools: credit plan, deposit reserve system, rediscount system, interest rate policy. Although the effect of the same four, but the interest rate policy is more direct than other regulatory tools, more effective, can be in a shorter period of time to curb inflation and reduce the "negative interest rates". Therefore, the central bank this year, the repeated use of interest rate policy is reasonable and wise.
On the whole, the advantages of these increases in interest rates outweigh the disadvantages, is one of the exploration work we build a modern financial system.
But we should also see the problems that exist in the round of interest rate hikes, although six times a year, the real interest rate on time deposits is still negative; the nominal interest rate on demand deposits for the first time down, from 0.81% to 0.72%, down 0.09 percentage points. If the interest tax is taken into account, the loss of residents' savings is more serious.
It should be noted that the rounds of interest rate increases will have a cumulative effect, the increase in interest rates to reduce the money supply, thus reducing investment, which will directly result in a reduction in total output, but also indirectly increase the number of unemployed.
Three, Xiamen business loans the People's Bank of China discount interest rate is how much
Xiamen mortgage rates to implement the LPR (interest rate of 4.60%) plus points model. Among them, the first suite plus point 30 basis points, the second suite plus point 80 basis points.
That is, the first-suite mortgage rate is 4.9 percent (LPR30BP) and the second-suite mortgage rate is 5.4 percent (LPR80BP).
Housing Provident Fund Policy
In 2021, Xiamen made two adjustments to the Housing Provident Fund***.
Housing Provident Fund Partial Withdrawal Loan Adjustment
At present, the maximum loan amount of the Housing Provident Fund is subject to dynamic management
Fourth, how much is the actual loan interest rate for the operating loan of 3.5
4.9%.
Specific requirements according to China's Bank of China issued by the operating loan interest rate specific regulatory requirements, the operating loan contains a loan of one year as well as the interest rate of less than one year is 4.35%, the loan 1-5 year interest rate is 4.75%, the loan, the operating loan 3.5 said loan residual suspected of hitching a ride on more than 5 years, so the actual loan interest rate is 4.9%.
Business loan refers to the financing products for small and medium-sized enterprises (SMEs) or individual industrial and commercial households, which can be used for actual business needs by obtaining bank loans through collateralization of funds or guarantees with others.