The advance team will take the car away, otherwise others will not redeem it. The prepaid expenses shall be repaid with interest first and then loaned for one year, and the prepaid expenses shall be handled once a year. The prepaid expenses are generally calculated on a 1-day basis. The prepaid expenses mainly provide short-term prepayment services for short-term revolving loans, due repayment of loans, full purchase of houses and other businesses. The cost of advance payment is generally higher than the borrowing cost, even much higher than the normal borrowing interest rate. However, as a short-term repayment, the term is generally shorter, and it is more cost-effective as a short-term turnover. 1. From the interest rate cost of prepayment, there are many differences in prepayment interest rates in different regions of China. Ten-day interest rates in first-and second-tier cities are generally .7%-1.5%, and interest rates in second-and third-tier cities will be higher. The interest rate is generally .2%-.3% per day. The interest rate red line of 24% and 36% in the law is the legal basis for the court to hear loan disputes. The law does not support this kind of behavior, which belongs to a civil case. If the interest rate agreed by both parties exceeds 36%, the court will judge it as usury, but rarely punish it. Individuals engaged in prepayment business may be subject to administrative punishment or even criminal responsibility if they are suspected of illegal business, professional lenders, daily loans, etc. The state has also promulgated relevant appraisal standards. But in practice, individuals who do advance payment business will also formulate relevant countermeasures to avoid risks according to existing laws, just as the position of the shadow will change with the position of the sun.
2. Prepayment business is actually a high-risk credit financial service in China, and banks do not do this kind of business. Although China is trying to establish a credit system, it is obviously not perfect. Credit services assume high risks on behalf of investment institutions. Bank lending, bank refusal to lend, changes in the borrower's real estate, short-term changes in the borrower's qualifications, and the attitude of the borrower and his spouse after signing the contract are all risks. Judging from the qualification of advance loans, many advance companies now have trust licenses, pawn licenses, micro-loan licenses and so on. A few years ago, many personal funds were used to advance business, but they were also affected by policy adjustment. Notary offices shall not notarize personal loans. At present, many personal advances have been notarized by purchasing financial lending licenses to speed up the timely recovery of funds after borrowers default. Unauthorized personal advances will also control the default cost of capital borrowing through the form of lawyer witness.
3. Guaranteed redemption means that in the second-hand housing transaction, if the seller's house is purchased by mortgage and the loan has not been settled, it is necessary to settle the arrears, because the house is mortgaged to the bank, and the voucher before the normal transaction can be redeemed. In the case of involuntary foreclosure by the seller, the guarantee company can provide guarantee, the bank can issue short-term credit loans to the seller, and the buyer's mortgage bank can also issue loans in advance, repay the original loans and obtain real estate licenses, and complete the procedures of real estate mortgage registration cancellation, ownership transfer and re-mortgage registration.