Home Business Helping enterprises to quickly restart normal operations, China Merchants Bank lowered the interest rate of small and micro loans to an annualized rate of 3.6% | China Merchants Bank_Sina Finance_Sina.com

Helping enterprises to quickly restart normal operations, China Merchants Bank lowered the interest rate of small and micro loans to an annualized rate of 3.6% | China Merchants Bank_Sina Finance_Sina.com

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Helping enterprises to quickly restart normal operations, China Merchants Bank lowered the interest rate of small and micro loans to an annualized rate of 3.6% | China Merchants Bank_Sina Finance_Sina.com


Shanghai Securities News (Reporter Wei Qian) After Shanghai proposed 50 blockbuster measures to boost the economy, banking institutions are already taking action. The reporter learned today thatChina Merchants BankShanghai Branch has recently launched a special interest rate preferential plan, specifically, the mortgage-type small and micro business loan with an amount of up to 10 million yuan, the interest rate will be lowered to an annualized 3.6% (simple interest), and the amount will be up to 1 million yuan across the board. The small and micro flash loan (exclusive version) on the website, the interest rate is reduced to 4.68% per annum (simple interest), and there is no need to pay any handling fee when applying for a loan at China Merchants Bank.

Shanghai has now entered the stage of full resumption of work and production. China Merchants Bank Shanghai Branch stated that the key enterprises supported by the bank include: key enterprises such as people’s livelihood security, epidemic prevention construction, medicine and medical care, and material production; specializing in new products, technology giants, and high-tech enterprises; manufacturing, green industry enterprises and other resumption of work and resumption of work. Enterprises with operating turnover needs in production, etc.

China Merchants Bank said that it will actively reduce prices and make profits, so as to provide affordable credit support for small and micro enterprises in Shanghai, and help enterprises to quickly restart normal operations.

Responsible editor: Song Yuanjun

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