How to calculate the interest rate of CCB Financing Quick Loan?

The interest on CCB Quick Loan is calculated annually. The original annual interest rate is 7.2%, and the preferential interest rate is 6.6%.

The minimum loan amount of CCB Quick Loan is 1,000 yuan and the maximum is 50,000 yuan, and the loan term is 1 year. Therefore, the interest calculation formula for CCB Quick Loan is: Interest = Loan Amount * 1 * Annual Interest Rate.

Extended information

“Financing is difficult and expensive” is the primary problem faced by small and micro enterprises in entrepreneurship and innovation. Multiple procedures and long time are also bottlenecks. It is called by enterprises Middle and long-distance running events. In this regard, China Construction Bank Zhejiang Branch launched the "Quick Loan for Small and Micro Enterprises" based on big data applications. By allowing more data to travel, companies and the public will have less to do, making the approval process faster and the borrowing operation easier.

"Small and Micro Quick Loan" is an online full-process self-service loan for small and micro enterprises. Based on CCB's collection and analysis of big data information such as business owners' financial assets, collateral, and credit status, it is Electronic channels enable online application and approval, with a maximum limit of 5 million yuan. The entire process can take as little as 3 minutes, and supports borrowing and returning at any time. Since the trial operation, the number of credit users has reached 7,917, and the credit amount has exceeded 3.26 billion yuan.

By letting big data run, we can break the "lack of information and credit" of small and micro enterprises as a breakthrough, promote the small amount, standardization and intensification of business, and help the development of small and micro enterprises. In recent years, CCB has established a product system for small businesses covering various financing needs such as "Seven Loans and One Through" and Small and Micro Quick Loans, aiming at the life cycle and risk mitigation capabilities of small businesses.

In this year’s Zhejiang Provincial Government Work Report, the “maximum one run” reform was listed as a key task of the provincial government, which has attracted widespread social attention. Che Jun, Secretary of the Provincial Party Committee, emphasized that relevant departments in various places must attach great importance to it, think deeply and carefully, and vigorously promote the "maximum one trip" reform. Improve efficiency and optimize services to give people a real sense of gain.

Continuously stimulate market vitality and create new advantages in Zhejiang’s development system and mechanisms. In accordance with the concept and goal of the "one visit at most" reform, CCB Provincial Branch will actively connect with government departments such as industry and commerce, and gradually form a "zero door-to-door" mechanism for various convenient services such as "online consultation, online processing, and express delivery".

By allowing data to travel more, people and enterprises will have to do less or even no errands, and promote the accelerated development of enterprises with "strong innovation, high yield per mu, good energy conservation, and large emission reductions".

Reference materials: China Construction Bank official website? China Construction Bank’s “run at most once” financial practice