If I apply for the universal fund, can I get a refund?

After the successful application for the universal fund of Shanghai Pudong Development Bank, once the business is approved, it cannot be changed or cancelled, so the universal fund cannot be cancelled after the successful application. Users can only terminate universal payment by paying off in advance, but in doing so, users need to pay liquidated damages, which is equivalent to an extra expenditure for users, and this loss needs to be borne by users themselves.

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The generation of loan losses is inseparable from the non-performance of loans. The so-called loan default refers to the borrower's failure to repay the bank loan on the date and amount agreed in the loan agreement. In the loan business of commercial banks, loan non-performance is a very normal phenomenon. It can be said that loan default and loan loss are "by-products" of the loan business of commercial banks. There are many reasons for the loan loss of commercial banks, including the reasons of commercial banks themselves and the reasons of borrowers; There are subjective reasons as well as objective reasons. Some loan losses can be prevented and controlled, while others cannot. The main factors that commercial banks can control are: credit policy, credit structure, credit standards and loan inspection. The uncontrollable factors of commercial banks are: changes in the macroeconomic environment, changes in the borrower's business environment, and the occurrence of accidents. In the process of lending, commercial banks should make detailed and accurate predictions of those controllable factors as far as possible, establish feasible lending standards, and make certain estimates of those uncontrollable factors.

In fact, exogenous variables are uncontrollable factors here and endogenous factors are controllable factors here. Obviously, the focus of loan management of commercial banks should be on controllable factors. The failure of most enterprises is caused by poor management. If the knowledge of managers lacks the necessary depth and breadth, if the borrower has major problems in financial planning and accounting system, if the borrower's main managers abuse their powers, and so on, the borrower's management level will be very low, thus making it difficult to repay the loan. Some enterprises will get into trouble soon after they start business because of insufficient venture capital. When managers overestimate the profitability of investment opportunities, but the actual situation is contrary to their expectations, or managers realize that the investment income is not as good as expected, the venture capital of small enterprises may have been exhausted, and borrowers will not be able to repay the loans of commercial banks.