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The Central Bank Has Continued To Tighten Its Monetary &Nbsp; The Rate Of Private Lending Has Reached 100% Annual Interest Rates.

2011/5/16 9:41:00 49

Tightening The High Annual Interest Rate Of Private Lending

Since this year, it has been continuously regulated.

currency

The cumulative effect of policy is beginning to show.

Reporters also noted that the continuous increase in the deposit reserve ratio and the control of the annual credit line, so that commercial banks loan amount is tight, many companies and individuals have sought private lending funds, resulting in folk.

To loan

Interest rates have generally risen, with a recent annual high interest rate of 100%.

private lending

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Soar

Reporters learned in the interview that small and medium-sized enterprises in Jiangsu, Zhejiang and Guangdong private lending market, due to tightened bank funds, private lending market has been exceptionally hot this year, and even 10% of the high monthly interest rate. Guangzhou, an investment company staff revealed to reporters that if the collateral is secured loans, the monthly interest rate of loans is 2.6% to 2.8%.

If there is no collateral loan, the monthly interest rate is 7% to 10%.

According to the general provisions of the Chinese civil law, interest is higher than the interest rate of 4 times the interest rate of the same period of the bank.

According to the standard of RMB loan interest rate of China's current financial institutions, the benchmark interest rate for short-term loans within 6 months is 5.85%, and its 4 times interest rate is 23.4%.

At present, the interest rate of private lending is much higher than that of the law 4 times. In order to be legal on the books, many loans are still 4 times less than the benchmark lending rate on the contract, and the extra interest is added to various kinds of expenses.

Zhou Dewen, President of the Wenzhou Association of small and medium enterprises, also said in a media interview that the Bank of Wenzhou has basically stopped lending to SMEs, and that it can only turn to usury.

This year, private lending rates are generally higher than in previous years. The short-term loan interest rate from 7 days to 10 days may reach 8% to 10%, but the monthly interest rate for loans over 3 months is between 3% and 5%.

This year has been adjusted to five.

The people's Bank of China decided on the 12 day that the deposit reserve ratio of deposit financial institutions should be increased by 0.5 percentage points from May 18th onwards. This is the fifth time the central bank has raised the deposit reserve ratio this year. The current reserve ratio has been raised to a historical high level, and the regulation of bank credit has been greatly reduced, and the financing cost of SMEs will continue to increase.