Generally speaking, the government or the project party will require the other party to have financial strength, and the proof of funds will be shown in their own accounts, which is generally around 654.38 billion yuan, so the requirements are reasonable.

Loan interest calculation formula?

Interest calculation formula: interest = principal × interest rate × deposit period.

1. If the interest-bearing period is a whole year (month), the interest-bearing formula is: interest = principal × years (months) × years (months) interest rate.

2. If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:

Interest = principal × year (month )× year (month) interest rate+principal × odd days × daily interest rate.

What conditions does the loan need to meet?

1, at least 18 years old, with full capacity for civil conduct and valid residence certificate and identity certificate;

2. Have a stable legal income and proof, and have the ability to repay interest;

3. When the loan business needs a down payment, it has the ability to pay the full down payment;

4. If the personal loan amount is large, the collateral conditions required by the bank shall be met;

5, such as credit loans, need to have a good reputation;

6. Other conditions meeting the requirements of the bank.

What if the bank loan is not repaid?

1. The bank will take certain collection measures. In the initial phone call, if the loan is really overdue, you can explain your actual situation to the bank and try to apply for an extension, depending on different bank regulations;

The delay will be regarded as negative information in the credit report, indicating that there are some problems with your repayment ability, but it is still better than the overdue situation.

Overdue for more than 90 days, if the circumstances are serious, can be regarded as malicious overdue, bank collection may also put pressure on themselves and their families, affecting the normal life of individuals and families;

In terms of overdue fees, there will be some fees such as liquidated damages and penalty interest, which need to be collected according to the contract. Different institutions and different loan products charge different liquidated damages or penalty interests;

It has an impact on personal credit records, and bad credit records become obstacles to future loans such as mortgages and car loans and credit card processing;

If you are sued to the court for non-repayment, and still do not repay after the execution of the court judgment, you can report to the Supreme People's Court and enter the "list of people who have been executed for dishonesty", which is also commonly known as the "Lao Lai list", and you will be prohibited from traveling by high-speed rail.