Early the next morning, Qin Miao left the Qin family and went to Taihe Commercial Bank. Firstly, he wanted to collect the money deposited in Taihe Commercial Bank across the Qin family. Secondly, he wanted to borrow some money from Taihe Commercial Bank to supplement the cash and bank notes on hand. insufficient.
Shopkeeper Lu saw Qin Miao and enthusiastically let him into the back hall.
In addition to sorting out the Qin family's money in various places and exchanging it into banknotes, the Qin family's cash deposited in Taihe Commercial Bank was also exchanged into banknotes so that Qin Miao could take it back to the Qin family.
After all, it is too troublesome to haul large and small boxes of large and small boxes back with a carriage. The bank notes of Taihe Commercial Bank can be said to be universally accepted. They are basically the same as cash. Large-amount transactions are basically the same. All will be in the form of banknotes.
Otherwise, the two parties would not only use horse-drawn carriages to deliver goods, but also use horse-drawn carriages to pull silver coins when conducting business. This would not only be inconvenient, but would also be too high-profile and easily targeted by thieves.
Banknotes are very convenient to carry around. The only disadvantage is that they are easily damaged. You have to go to Taihe Commercial Bank frequently to replace them with new ones. This is the only inconvenience of banknotes.
After shopkeeper Lu helped Qin Miao summarize the bank funds from various places and the local cash exchange, he smiled and said to Qin Miao: "It seems that your house has big business to do again! This time, it is unprecedented to propose so many silver taels." I haven’t seen it yet. I’m afraid this business of yours will be worth the sum of the past twenty or thirty years, right?”
While counting the banknotes in his hand, Qin Miao said with a sad face: "Although the business is big, it's hard to make profits without capital! The capital on hand now is not enough! Shopkeeper Lu helped me put it together, but it's not enough." It’s more than eight thousand taels, but the minimum investment required is tens of thousands taels. It seems that we need to borrow some from shopkeeper Lu! I just don’t know if the interest is still the same as before? "
Shopkeeper Lu took a pen to record the money the Qin family had withdrawn from the commercial bank in the account book, and asked Qin Miao seemingly casually: "What's the interest? It depends on how long Boss Qin borrows from us. Do you know how much Boss Qin plans to borrow from our bank this time, and for how long?"
Qin Miao lowered his head and pondered for a long time. He knew what shopkeeper Lu meant by asking this question.
The lending rules of Taihe Commercial Bank are that the minimum loan amount is one thousand taels, which is divided into long-term loans and short-term loans.
Long-term loans start with half a year, and the monthly interest is 2 cents. After half a year, the interest time limit is three months, and the interest is cleared every year.
The short-term loan has a time limit of three months, and the monthly interest is three cents. The interest calculation time limit is three months, and the account is settled every three months.
The long-term loan starts with half a year. Whenever the borrowed money is returned to Taihe Commercial Bank during this half year, the interest for six months will be collected at 2 cents per month. If the interest exceeds half a year and within nine months, the interest will be charged at 2 cents per month. Interest will be charged for nine months at 2 cents, and so on until one year after the loan term expires.
After one year, the current year's interest must be returned to Taihe Commercial Bank. If the interest is not returned to Taihe Commercial Bank on time, the principal and accrued interest will be refunded.
The short-term loan must be returned to Taihe Commercial Bank within three months with interest, and the interest will be calculated based on three months. If it is not returned after more than three months, Taihe Commercial Bank will calculate the interest based on two short-term loans and recover the principal and interest. interest.
For example, someone borrowed a long-term loan of one thousand taels from Taihe Commercial Bank. If the silver is returned within half a year, the principal of one thousand taels plus six months' interest of 120 taels will be needed, for a total of one thousand one hundred taels. Twenty taels were returned together.
One year after the loan expires, the principal does not have to be repaid, but the interest of that year, 240 taels, must be returned to Taihe Commercial Bank within the year. The interest calculation will start again in the second year based on the loan principal amount.
The same is one thousand taels of silver. If it is a short-term loan, the principal of one thousand taels and three months' interest of ninety taels must be returned within three months, for a total of one thousand,090 taels.
Of course, all loans must be secured. Whether it is a house deed or a land deed, as long as the value can be clearly estimated, it can be used as a mortgage.
But at this moment, Qin Miao still hesitated when he remembered what Qin Yuezong had told him the night before.
He really wanted to borrow a large sum of money from Taihe Commercial Bank for a short period of time and try to collect as much as possible 20,000 taels. In this way, these Yunsha transactions with Nan Zhao could earn another 20,000 taels for his Qin family.
But Qin Yuezong did not agree with his approach, because to borrow such a large amount of money, the Qin family needed to mortgage all the house deeds and land deeds in the family to Taihe Commercial Bank.
It's okay to pay back the overdue money. If not, Taihe Trading Company will come to your Qin family to take over the house and the land with interest.
It doesn’t matter whether you lose money in business or not. It is only natural that you pay back the money when it is due. Therefore, there are benefits to borrowing in this way, but it also carries great risks.
While Qin Miao was hesitating, shopkeeper Lu said something again intentionally or unintentionally. I don't know if this sentence was meant for Qin Miao, but it did make Qin Miao feel excited.
"Alas! The price of Jiangnan Yunsha has dropped so much recently! The money in the hands of those Yunsha owners is enough. Now fewer and fewer people come to our Taihe Commercial Bank to borrow money, so the interest rates have dropped recently. , what else are we going to make if this goes on? This business is really getting harder and harder to do!"
Qin Miao heard two important pieces of information in one sentence. The first was the price reduction of Jiangnan Yunsha. It is said that this happened not long ago, and large merchants like Taihe Trading Company would get the news of the price reduction as soon as possible. Not surprising.
It is normal for the boss of Yunsha, who recently purchased goods from Jiangnan, to know this news. This proves that Shao Xi has indeed purchased Yunsha from Jiangnan recently, otherwise he would not be so clear about the price reduction of Yunsha.
The second one is the news that the interest rate for loans from Taihe Commercial Bank has dropped. Since the interest rate has been reduced, the interest rate that I have to pay for borrowing from Taihe Commercial Bank should be less than before.
In other words, the amount of loans he can borrow from Taihe Commercial Bank is larger, which is indeed good news for Qin Miao.
"Shopkeeper Lu just said that the interest rate of your bank's external loans has dropped. I don't know how to reduce it? Can you tell me and listen to it?"
Shopkeeper Lu did not stop writing and drawing in his hands. He just raised his eyelids and glanced at Qin Miao, and shook his head helplessly, looking very reluctant.
"The interest rate for long-term loans has dropped to one and a half cents, and the interest rate for short-term loans has dropped even more than before, to two cents. Moreover, the time limit for short-term loans has been shortened to one month, which means that if the principal and interest are repaid within one month, The interest is only calculated on a monthly basis, so not many people come to borrow money.”
Qin Miao felt something in her heart after hearing this. The Qin family was just temporarily turning around this time. If they borrowed money from Taihe Commercial Bank, it would definitely be a short-term loan.
In the past, if you borrowed 10,000 taels, the monthly interest would be 300 taels, and after three months, it would be 900 taels. But now, not only has the monthly interest been reduced to 200 taels, but as long as it is within one month, When the principal and interest are settled, only two hundred taels of interest need to be returned.
That is to say, the loan is only for one month. The interest before was 900 taels, but now it only needs 200 taels, which means a full 700 taels are saved.
If he only borrowed two thousand taels, he would only need forty taels of interest, which made Qin Miao quite troubled.
Now there is an opportunity to make a lot of money in front of him. The profit difference between investing 10,000 taels and investing 20,000 taels is exactly 10,000 taels.
If you only borrow two thousand taels, you can save 140 taels in interest from Taihe Trading Co., Ltd., but if you borrow 10,000 taels, you can save a full 700 taels in interest.
One is making money, the other is saving money. The amount is so huge, how can it not make people excited?
Humans are very strange creatures. When they find that there is an advantage to be taken advantage of, they often become greedy and want to take advantage of the advantages they already have. This kind of person is often the unlucky person.
After thinking about it in his mind, Qin Miao actually thought, wouldn't it be better if he could save a little more money? So he made a request to Shopkeeper Lu that was extremely inconsistent with his status at this time.
"Shopkeeper Lu, you see that my turnover only takes half a month. Can I borrow only half a month from you? The interest is also calculated based on half a month. You have said that the loan business has not been good recently. Yes, the amount of this loan is not small, do you think you can be accommodating?"
What does it mean that the richer you are, the stingier you become? Rich people often feel that their money is earned by their own skills and saved by their careful calculation, so the words greed and stingy are often associated with those so-called rich people.
I can't say that this is wrong, but if the calculation is to this extent, it can only be said that Qin Miao is stingy.
The Qin family can be said to be a big family in Huaichang City, second to none, but now they are very worried about the loan, thinking that they can save more than one hundred taels of silver by borrowing for only half a month.
To be fair, one hundred taels of silver is already a huge sum of money to many people, but for the Qin family, they have done more than 10,000 taels of business. Do they need to be careful about the one hundred and eighty taels?
It can only be said that they have no money, who can have money? In contrast, Shao Xi seems to be lavish and spends money like water. He often uses his money to help some poor people who have no hope of receiving anything in return.
But the strange thing is that Shao Xi's business is getting bigger and bigger, and he is making more and more money.
Maybe it's because of Shao Xi's good luck, but Shao Xi's definition of money also determines that he will definitely become richer, because in Shao Xi's eyes, money is just his slave, while in Qin Miao's eyes, money is his own Master, this is the difference in the pattern between the two people.
Shao Xi's lack of asking for anything in return allowed him to make more friends, and it was precisely because of these friends that he gained his wealth.
However, the father and son of the Qin family only have interests in their eyes, and they will not let go if there is no profit. They will not let go of hawks when they see rabbits, and their interactions with people are only based on interests. Even if such people make a little fortune now, their wealth will not last long.
As the shopkeeper of Taihe Trading Company, I can say that I know this truth very well. In his heart, shopkeeper Lu despises the Qin family and his son.
It was just business dealings that forced him to interact with the Qin family and his son, so Shopkeeper Lu didn't feel anything wrong in cooperating with Shao Xi to bring down the Qin family.
"Half a month? Boss Qin, you are really calculating your budget!"
