Under what circumstances can banks reduce or exempt loan interest?

1. Under what circumstances can banks reduce or exempt loan interest?

Obtain support from national large and medium-sized loan projects, such as rural entrepreneurship loans and re-employment loans for laid-off women. This is generally a policy Sexually speaking, banks exempt or exempt loan interest. For example, if you choose a repayment interest method with the Postal Savings Bank, if you make normal repayments within five months, you can be exempted from one month's loan interest. This is a certain business of a certain bank. After the introduction, banks generally dare not exempt or exempt loan interest without permission.

2. What are the conditions for discounting bank loan interest rates? How can I get a discount?

There is no way. Unless the country (or loan-issuing bank) has special policies. The range of the increase (or decrease) remains unchanged during the loan period. If the base interest rate is adjusted, the loan interest rate will increase (or decrease) based on the new interest rate. In other words, as long as the base loan interest rate remains unchanged, the repayment amount will not change.

The loan interest calculation is based on floating interest rates, and the interest will be adjusted as the interest rate adjusts. Of course, no matter how it is calculated, it will have no impact on the interest paid. There will be an impact on adjusted interest. Generally, after the bank interest rate is adjusted, the interest rate of the unpaid portion of the loan will also be adjusted accordingly. There are three forms: First, after the bank interest rate is adjusted, the loan interest rate will be adjusted to the newly adjusted interest rate at the beginning of the following year (Industrial and Commercial Bank of China, Agricultural Bank of China) , China Construction Bank mortgage loan is like this); the second is full-year adjustment, that is, the new interest rate is adjusted every year after repayment (this is what Bank of China mortgage loan is like); the third is the agreement between the two parties, usually in the next month after the bank interest rate is adjusted implement new interest rate levels. Provident fund loan interest rates are adjusted on January 1 of each year.

3. What are the conditions for interest-free employment loans?

You need to follow the following methods. Conditions for interest-free loans:

1. College graduates or above;

2. Not employed for more than 6 months after graduation, and registered as unemployed with the local labor and social security department;

3. Loan applicants must have a fixed residence or business place;

4. Business license and operating permit, stable income and the ability to repay principal and interest;

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5. The entrepreneurs invest in projects that already have a certain amount of their own funds. Preparation materials for interest-free loans: 1. Proof of identity; 2. Graduated students need to provide graduation certificates and degree certificates; 3. Common passbooks or bank card reconciliation lists for the past 6 months; 4. Other credit certificates: scholarship certificates, class cadres Certificates, certificates of community activities, various certificates of honor/reward social certificates such as blood donation, voluntary teaching, etc. 5. Check whether the student has any bad records. The process of interest-free loans: 1. When college graduates apply to register for the establishment of individual industrial and commercial households, they should present to the registration authority a "Graduation Certificate" issued by a regular college, a personal ID card, and an employment certificate issued by the provincial department in charge of employment of college graduates. "National Employment Registration Certificate for Undergraduate and College Graduates" or "National Graduate Employment Registration Certificate" (hereinafter referred to as "Registration Certificate"); 2. After the registration authority has verified that it is correct, the registration procedures shall be completed in accordance with the law, and the "Registration Certificate" "Indicate the registration time, stamp with the seal of the registration authority and return it to the person, and indicate "college graduate" after the operator's name on the "Individual Industrial and Commercial Household Business License"; 3. College graduates must present the "Individual Industrial and Commercial Household Business License" The above-mentioned related charges are exempted.

4. Under what circumstances can banks reduce or exempt loan interest?

Usually if the company goes bankrupt or is in debt for other reasons, the loan principal and interest can be exempted and exempted with the approval of the superior.

1. Article 49 of the Regulations stipulates that “without the approval of the State Council, no unit has the right to exempt loans.” The loan referred to here includes not only the loan principal, but also the loan interest.

Therefore, unless otherwise provided by regulations and policies, no unit (including financial institutions) may be exempted from taking loans and interest, and shall not be exempted from loan interest.

2. According to Article 42 of the Interim Regulations on Bank Management, "Each specialized bank head office has certain interest rate floating rights", issues that fall within the interest rate floating rights of the head offices of specialized banks can be decided by themselves. .

Extended information

Loan interest calculation formula

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

2. Monthly interest rate (‰)=

(2) Banks can adopt the cumulative interest calculation method

1. The accumulation interest calculation method is based on the daily accumulation of account balances based on the actual number of days of repayment, and the interest calculation formula is calculated by multiplying the accumulated accumulation number by the daily interest rate:

Interest = Cumulative interest-bearing points × daily interest rate, where cumulative interest-bearing points = total daily balances.

The interest calculation formula for 2 is interest = principal amount × profit. There are three specific ways to calculate interest.

If the interest calculation period is a whole year (month), the interest calculation formula is: < /p>

(1) Interest = principal × number of years (months) /p>

(2) Interest = principal × number of fractional days × daily interest rate

The interest is calculated based on the actual number of days, that is, there are 365 days per year (366 days in a leap year), and the monthly interest formula is:

(3) Interest = principal × actual number of days × days

In actual conversion, these three calculation formulas only work for 360 days in a year, but when actually calculated based on the daily interest rate, one , the result will be slightly biased. The central bank gives financial institutions the right to choose which formula to use. Therefore, the parties and financial institutions can agree on this in the contract.

(3) Compound interest: Compound interest means charging interest at a certain interest rate. If the interest is repaid according to the time stipulated in the contract, compound interest will be charged.

(4) Penalty interest: The lender fails to repay the bank loan within the specified time limit. , the penalty interest for a person who defaults on a contract is called bank penalty interest.

(5) Overdue loan penalty: The nature is the same as penalty interest, and it is a punishment measure for the party who defaults on the contract.