Some little knowledge about the first loan must be understood, because some institutions will have loan terms more or less when they agree in advance in the contract agreement, so it is necessary to study in advance. Commonly used technical terms are as follows:
1, monthly management rate
The so-called monthly management fee is to calculate interest according to the initial loan amount, while the monthly expected annualized interest rate is to charge interest according to the monthly residual principal.
With the change of the times, nominal interest rate appears in the loan market, which in many cases prohibits the expected annualized interest rate, which is particularly closely related to loan interest. In addition, there is a big calculation method.
2. One-time handling fee
The one-time handling fee rate means that the loan business is only charged once.
3, monthly interest x points
The monthly "points" here refer to the monthly interest points, that is to say, if the monthly interest is the loan amount, the loan is 654.38+ million, and the funds will take two months.
4. Multi-head loan
Multi-head loan means that borrowers borrow from multiple banks or private institutions at the same time to effectively fill the funding gap. Simply put, individuals or enterprises (companies) borrow money from many banks.
5. Revolving credit issuance
The characteristic of revolving credit is that after a customer obtains a certain loan amount from a bank, when he can pay a single payment of the loan amount in installments within the time limit, the customer only needs to fill in the withdrawal application form without special withdrawal of cash. It is more suitable for the individual's capital demand characteristics of "small amount, urgent demand, fast turnover and more retail".
6. Bad credit
Credit stain, also known as bad credit record. Due to some reasons, overdue repayment records, that is, credit stains. Different banks are different, and the repayment situation will change with time. Banks will not always pay attention to consumers' early bad credit records.
Second, the explanation of financial knowledge terms?
Loan: borrow or lend! Duty-bound: pass the buck!
Four, loan knowledge: the interpretation of six commonly used terms
Some little knowledge about the first loan must be understood, because some institutions will have loan terms more or less when they agree in advance in the contract agreement, so it is necessary to learn in advance. The frequently used technical terms are as follows: 1. Monthly management fee The so-called monthly management fee is based on the initial loan amount, while the monthly expected annualized interest rate is based on the monthly residual principal. With the change of the times, there are various expenses in the loan market, among which the monthly management rate is the protagonist. In many cases, it prohibits the role of monthly expected annualized interest rate, which is particularly closely related to loan interest. In addition, besides the different names, the calculation methods are also very different. 2. One-time handling fee rate One-time handling fee rate refers to handling this loan business, only charging once, and no longer charging in the future. 3. Monthly interest rate x point monthly interest rate x point, which is a common term for private lending. Here, "fen" means 1%. For example, if the interest is paid monthly, the loan will be 654.38+10,000 yuan, and the interest will be 3,000 yuan after the funds have been used for two months. 4. Multi-head loan Multi-head loan means that the borrower borrows from a number of banks or private institutions at the same time to effectively fill the funding gap. Simply put, individuals or enterprises (companies) borrow money from many banks. 5. Revolving credit The characteristic of revolving credit is that after the customer obtains a certain loan amount from the bank, it can be withdrawn by stages and recycled within the time limit. When withdrawing a single sum not exceeding the available amount, the customer only needs to fill in the withdrawal application form, without special re-approval, and can generally withdraw cash within 1 hour. It is more suitable for the individual's capital demand characteristics of "small amount, urgent demand, fast turnover and more retail". 6. Bad credit stain, also known as bad credit record. After a bank customer applies for a loan, due to some reasons, the repayment is overdue, which is also a credit stain. Different banks have different approval standards for personal credit records. With the change of time, consumers' economic situation and repayment situation will also change, and banks will not always pay attention to consumers' early bad credit records.