What is the loan interest discount policy?

1. What is the loan interest subsidy policy?

The loan interest subsidy policy means that in order to support a certain industry, the state implements interest subsidies for loans in this industry. Such loans are called discount loans.

Loan interest discounts refer to small-amount guaranteed loans used for low-profit projects that are fully or partially subsidized by the government. The borrower will not pay interest during the loan period. The interest discount shall not exceed two years and the extension period shall not exceed 2 years. discount. Fiscal discount loans are hosted by the government. Their general purpose is to activate economic vitality and promote economic development. They are a form of fiscal subsidies.

The state provides a subsidy based on a certain proportion of loan interest for certain projects of certain enterprises for a certain period of time.

The advantages of using fiscal interest discounts are:

① Using less fiscal funds can attract a large amount of social funds to ensure the needs of national key construction funds.

② Since fiscal discounts are first used for key national construction projects, it is conducive to adjusting the investment structure and rationalizing the industrial structure.

③ It is conducive to reducing the cost of corporate products and increasing corporate profits, which is also conducive to increasing fiscal revenue.

④ Implementing different interest rates for different industries is conducive to establishing a reasonable interest rate system and is conducive to indirectly regulating production and consumption.

2. What is the discount loan? How to calculate the repayment amount for 50% discount interest? The loan amount is 2 million, within 1 year...

The annual interest rate of 2 million is assumed to be 6 % is 120,000 interest

The government subsidizes 60,000

Then the government usually disburses funds in two installments one year after your loan, for example

2011 Loans incurred from January to December

Around June 2012, interest discounts for the first and second quarters of 2011 began to be allocated

Then the third and fourth quarters were allocated at the end of 2012 Quarterly

The payer is the Finance Bureau of a certain local government and notes that it is a loan discount for technology companies (start-up companies)

3. What is the guarantee standard for Lunong?

Shandong Agricultural Development Credit Guarantee Co., Ltd. is a state-owned policy agricultural credit guarantee company established with the approval of the provincial government. Its purpose is to implement the national and provincial government policies to strengthen agriculture and benefit farmers, and is not for profit. The purpose is to actively play the role of "credit enhancement, risk sharing, and empowerment" to provide credit guarantee services for new agricultural business entities that operate agriculture, especially grain, on a moderate scale. The Provincial Agricultural Dancing Company’s office in Zoucheng City was established in September 2018. Since its establishment, the office has co-located with Shandong Zhicheng Agricultural Development Co., Ltd., fully understanding the importance of finance in promoting rural revitalization, and closely focusing on the city’s agriculture and rural areas. , farmers’ financing needs, and is committed to solving the problems of “difficult, expensive, and cumbersome financing” in agriculture, and assisting the implementation of the province’s rural revitalization strategy and the development of modern agriculture.

1. Service objects and guarantee scope

Family farms, large planting and breeding households, farmer cooperatives, agricultural socialization service organizations, small and micro agricultural enterprises, engaged in food production, livestock and aquaculture, Advantageous specialty industries such as vegetables, fruit and tea, agricultural socialization services such as agricultural supplies, agricultural machinery, and agricultural technology, farmland infrastructure, and integrated development projects of primary, secondary, and tertiary industries directly related to agricultural production, and new rural business forms such as family leisure agriculture and tourism agriculture. If you encounter financial difficulties in production and operation, you can apply for the provincial agricultural guarantee guarantee. After passing the review, the cooperative bank will issue a loan.

2. Reference Standards

(1) Moderate-scale planting standards:

1. Those engaged in the production of food crops, the planting area is more than 100 acres;

2. Those mainly engaged in vegetable production, with a field area of more than 5 acres;

3. Those mainly engaged in edible fungus cultivation, with a business area of more than 10 acres;

4 . Those mainly engaged in fruit production, the area of dried fruits is more than 150 acres, and the area of fruits is more than 80 acres;

5. Those mainly engaged in tea planting, the operating area is more than 80 acres;

6. Those who are mainly engaged in flower planting, the operating area is more than 50 acres;

7. Those who are mainly engaged in seedling planting, the operating area is more than 100 acres;

8. Engaged in economic forest planting and forestry Economical, with an area of more than 50 acres;

(2) Moderate scale breeding standards:

1. More than 200 pigs;

2. Cattle More than 50 heads;

3. More than 200 sheep;

4. More than 3,000 poultry;

5. More than 300 rabbits;< /p>

6. The operating pond culture area is more than 50 acres;

7. The waterside culture area is more than 500 acres;

8. The recreational fishery pond is more than 50 acres;< /p>

3. Client conditions

Basic conditions for application:

(1) Clients and their legal representatives, major investors, actual controllers, honest and trustworthy, No bad credit record, no bad habits;

(2) Actual operation for more than one year, products and services with strong market competitiveness and growth potential;

(3) Have A fixed production and operation site, with stable economic income and benefits, and the ability to repay principal and interest when due; (4) The main business is clear and stable, and production and operation are normal;

(5) ) Financing purposes are legal, compliant, and authentic;

(6) Necessary counter-guarantee measures are in place;

(7) Comply with national industry, environmental protection and land use policies;

4. Preferential interest rates

The loan limit within the "Ludan Hui Nong Loan" policy is 100,000-3 million yuan, which is suitable for agriculture with wide radiation, strong driving force, and close connection with the interests of farmers. Leading industrialized enterprises, as well as those implementing projects such as farmland infrastructure to improve food production capacity, can exceed 3 million yuan, but the maximum cannot exceed 10 million yuan. The comprehensive cost of the loan is composed of the annual interest rate of the loan and the guarantee rate. The guarantee fee is paid by the people of Jining City In principle, the annual interest rate of loans borne by the government and operating entities shall not be higher than 5.655%. After normal settlement, the Shandong Provincial Department of Finance will discount interest at 50% of the annual interest rate of the loan (the annual interest rate of bank loans shall in principle not exceed 30%, which is 5.655 %-2.175% of the annual interest rate of loans subsidized by the Provincial Department of Finance = 3.48%). After the subsidy, the annual interest rate of the loans borne by the business entity shall not be higher than 3.48% in principle, and the loan guarantee period is in principle 1-3 years.

5. Application process

(1) Submit an application: 1. To the provincial agricultural bureau office in Zoucheng City; 2. To the cooperative bank.

(2) Investigation and approval: The Provincial Agricultural Police Office in Zoucheng City and cooperative banks jointly conduct due diligence, collect materials, and conduct review and approval in accordance with regulations.

(3) Signing contracts: signing loan contracts with cooperative banks, signing entrustment guarantee contracts with provincial agricultural guarantee companies, etc.

(4) Bank loan: After the provincial agricultural dandelion company passes the review, the cooperative bank will provide the loan.

4. What is the fiscal interest discount when repaying student loans? Do I need to repay it together with the financial subsidy?

For example, the bank loan interest rate may be 5%. Since students have no income and low credit, banks may not be willing to take the initiative to provide student loans. Therefore, the government introduces financial subsidy. policy to encourage banks to lend. Assuming that the fiscal discount rate is 3%, that means you only need to repay the principal and 2% interest. Financial discounts do not need to be repaid unless you have a serious default.