Fixed-rate loans

   Date:2007/06/19     Source:

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CHINA Everbright Bank, the first lender to introduce fixed-rate mortgages on China's mainland, expanded the fixed rate to other loans with property as collateral, the bank said yesterday.

Borrowers can ask for a fixed-rate interest on loans for small and medium companies as long as the lending has real estate as collateral. Fixed-rate interest lending is gaining more market share amid frequent interest rate hikes.

 

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