What kinds of short-term loans are there

Short-term loans refer to loans with a term of less than one year, which are relatively simple to obtain and flexible to use funds. When individuals or self-employed businesses encounter difficulties in the short term, most people will prefer personal short-term credit loans except borrowing money from relatives and friends. The clients of short-term loans include individuals and enterprises. Here are some types of short-term loans for your reference.

1. Personal short-term credit loan

Personal short-term credit loan can meet the borrower's temporary consumption demand, and it is a short-term loan with a term of less than one year and an amount of less than 2, yuan, and no guarantee is required. Because it is a credit loan, it requires a higher personal qualification of the applicant, and the borrower's repayment willingness and repayment ability will be assessed emphatically.

2. Operating revolving loan

In the production process, the capital can't be turned over because of insufficient liquidity, and the normal production and operation needs of the enterprise can't be met. At this time, the enterprise can apply to the bank or other lending institutions for operating revolving loan. This short-term loan requires enterprises to provide annual and quarterly loan plans to lending institutions.

3. Temporary loans

Temporary loans are short-term loans for lack of funds caused by seasonal and temporary objective reasons. It implements the method of checking loans one by one, and the loan period is generally 3 to 6 months, which is used according to the specified purposes and returned according to the accounting period.

4. Discounted bill loans

Discounted bill loans are divided into bank acceptance bills and commercial acceptance bills, and the term generally does not exceed 3 months. The face value of a bill minus the discount interest is the discounted loan amount. The interest on the discounted loan is the bill discount interest, which the bank will deduct in advance when handling the discount.

conclusion: compared with medium and long-term loans, short-term loans have the characteristics of short term, low risk and low interest rate. There are many kinds of loans, including personal short-term credit loans, operating revolving loans, temporary loans, discounted bills and other types. Individuals and enterprises in need of loans can apply for corresponding short-term loans according to their needs.

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what is short-term borrowing?

Short-term loans refer to all kinds of loans that an enterprise borrows from other units such as banks or other financial institutions to maintain normal production and operation or to offset a certain debt, and the repayment period is less than one year (including one year).

Extended materials

At present, China's short-term loans are divided into production revolving loans, temporary loans, settlement loans and bill discount loans according to their purposes and uses. According to international practice, short-term loans are often divided into one-time repayment and installment repayment according to different repayment methods; According to different interest payment methods, it can be divided into collection loan, discount loan and interest rate increase loan; According to whether there is guarantee, it is divided into mortgage loan and credit loan.

Types

(1) Operating revolving loans. Operating revolving loan, also known as production revolving loan, refers to the loan obtained from banks or other financial institutions when the liquidity needed by enterprises to produce and sell a certain number of products is insufficient. This kind of loan is applied in the annual loan plan approved by the bank, and the term is generally not more than one year.

(2) bill discount loan. Discounted bill loan refers to the loan that an enterprise holding a bank acceptance bill or a commercial acceptance bill applies for discounted bill in case of operating turnover difficulties, and the term should generally not exceed three months.

(3) settle the loan. Settlement loan refers to the loan that an enterprise obtains from the bank with the collection and acceptance settlement certificate as the guarantee in order to solve the fund demand occupied by settlement assets when it conducts sales business by means of collection and acceptance settlement.

(4) seller's credit. Seller's credit refers to the loan that an enterprise whose products are included in the national plan and whose quality is in the leading position in the whole country applies to the bank for obtaining due to insufficient funds for production and operation due to the approval of installment sales.