Cheaper and cheaper loan interest

In the past few years, I found that it was easy to get loans. I often received calls from banks and financial institutions to offer loans on their own initiative, but at that time, the cost of capital was still relatively high. Generally, the annualized interest rate was more than 8%. For short-term turnover, it can be considered. such loan funds.

Recently, I found that many loan interest rates have dropped. For example, the micro-loan service in WeChat, the annualized interest it gives me can be as low as a little more than 7% (that is, 107 yuan after borrowing 100 yuan for one year). Bank of China gives me My loan is as low as 4.7% annualized interest, and there is no need for collateral to handle these loans, and there is no additional handling fee. I feel that this money is generated out of thin air in my mobile phone.

In the past two days, China Construction Bank told me that because one of my salary cards is theirs, they gave me a credit loan with an interest rate as low as 4.05% and a loan term of up to 3 years. The loan interest rate is almost the same as the current one. The 3.99% of the large deposit is equivalent, which is much lower than the 5.6% of my original mortgage (except that the mortgage term can be as long as 30 years).

If I borrow 10,000 yuan, I only need more than 400 yuan of interest a year. This money is too cheap. I just need a little capital turnover, so I tested it myself and loaned a little money. The whole process is completed on the APP , it is very convenient to handle.

From the flood of loans in the past few years, the loan interest rate has become so low now, and the cost of borrowing money is getting easier and cheaper. What is the reason?

I think the over-issue of currency has caused the flood of funds, and the current economic environment is not very good, the industry is sluggish, and the reservoir of real estate speculation has long been closed.

As water flows down, funds are naturally looking for high-quality customers and lending to high-quality customers as much as possible. The interest rate was too high in the past, but now the interest rate is reduced, the cost of capital is reduced, and people's willingness to lend is increased - for example, I feel this way Attracted by low cost.

The decline in the cost of capital has long been a trend in the world. The deposit interest rates in some EU countries have actually become negative interest rates, which also means that there is too much currency and there is no good place to go. You put money in the bank, and the bank not only can't lend it, but also manages it for you, so you have to charge the depositors reverse interest - negative interest rate.

I feel that this trend will be more obvious in the future. After sovereign countries are addicted to operating money printing machines recklessly, it is estimated that such riotous operations will not be stopped without external intervention. The extra funds are everywhere, and the cost of financing is forced to be lower. There are so many funds, but not many good projects. Those really good businesses will not worry about finding funds from investors.

But for ordinary people, the reduction of loan interest also means that the wealth in our pockets is further depreciated.