The rabbi said it very clearly, and everyone had no objection. The guy in the money shop quickly sent a contract, which clearly stated every sum of money.

Even so, the rabbi still patiently took out a sample and explained it to everyone one by one, with the extreme details.

Some merchants were impatient, but seeing Hu Quanshan and Liu Zhi listened seriously, they all calmed down and listened quietly to the rabbi to explain clearly.

After all, it is related to the rights and interests of the business, and you have to understand it after all.

"Everyone, let's make the interest clear. We lend the money bank to you three ways to borrow. These three methods are different, and the interest is naturally different. You should listen."

The rabbi's words made everyone present awake, which was a matter of vital interests, especially in the Song Dynasty, which paid attention to the spirit of contract, and could not be careless at all.

Someone even took out the abacus he carried with him, and Hu Quanshan and Liu Zhi approached the shopkeeper who was holding the abacus and said, "Old Qian, you are from the accountant, you know this more than anyone else, hurry up and calculate it."

Seeing that everyone was ready, the rabbi cleared his throat and said with pleasure: "One of them said: one is to repay principal and interest in one go: to repay the interest and principal in one go. The time is set in today's day after a year! The meaning is very simple, that is, to repay principal and interest in one year, but the interest rate is relatively high, not much or less than one third of the principal."

The rabbi paused for a moment, waited for everyone to calculate the results and said, "The two said: repayment of equal principal and interest starts from the next month of lending, and repays principal and interest to the bank at an equal amount each month. The interest returned in the early stage is more, and the interest in the later stage is less and less, and the principal is more and more. It is also one year!"

The crackling abacus sounded again. When the sound stopped, the rabbi spoke again: "The third one said: Waiting for interest to repay the debt is simple, which means to let your business pay off the principal and interest you owed when it expires. You paid one interest every month before, and the last time you paid the principal is also one year."

After the rabbi finished speaking, he stopped talking, but waited for everyone present to slowly digest his words. This was a big deal for the money house, and he could not be careless.

The money borrowed by each company is different, and the amount is naturally different, but the three methods are all here, and everyone can calculate the interest based on the money they borrow.

These three words of the rabbi make people hesitate. Everyone knows that repaying principal and interest in installments is of course the best, so the pressure of spending a lot of money at once is reduced.

However, the interest written in black and white on the contract is a headache. Among the three methods, the first one is to repay the principal and interest in one lump sum, which is naturally the least cost-effective, and the interest is one-third of the principal! But this will lead to the comparison of the pressure in the early stage.

The repayment of equal principal and interest is the most stressful for everyone, which is a good method, but the pressure in the early stage is relatively high, and the pressure in the later stage is gradually decreasing, which makes people unable to bear it.

As for repaying principal and interest, the most pressure on everyone is because they have exchanged some interest before, and the pressure is not too high, so the final principal and interest are not much.

But in the eyes of everyone, the three methods are all expensive, and it depends on your opinion on how to choose.

After the rabbi finished, he stopped talking, but stared at everyone and hoped that they would discuss a unified result, but to his surprise, this was not a matter of one person's calculation at all.

Hu Quanshan and Liu Zhi discussed for a while and said to everyone: "We are all shopkeepers of the business rather than the boss. Since the boss has entrusted us to wait, we will do our best. Since that's the case, we will ask for a price to pay back the money and ask the money bank to give a real deposit. Can we talk about the interest rate again? It's best if we can reduce it a little, and if we can't wait, we will borrow money from each company."

Unexpectedly, these merchants could finally kick the problem back to themselves again. The rabbi really looked at the merchants in the Song Dynasty.

After thinking about it, the rabbi said apologetically: "You are sorry, the interest rate has been set and you cannot discuss it. Please make a quick decision. The contract has been drafted and it is in your hands. I can only leave time for you to discuss and wait for an hour to hear your reply!"

When the rabbi turned around and left, he passed through the corridor and arrived at Zhao Zhen's place again, his excitement was visible to all three talents.

Zhao Zhen drank a cold drink and breathed a sigh of relief, "Why did they borrow money?"

The rabbi shook his head and said, "Not yet, but he is calculating the interest. I gave them an hour to discuss and choose one of three!"

Zhao Zhen smiled and said, "That's it! Choose one of three, and you may hesitate when you don't have the choice, but some people choose one of these three. As long as they choose, the money bank will make a profit and make sure to make a profit! In fact, I don't have it. In addition to paying the principal and interest in one go, the other two methods of borrowing can be extended if the amount is huge, which is not a year..."

The rabbi was stunned and asked immediately: "How many years is the longest?"

Zhao Zhen stretched out a finger and said, "Ten years!"

The rabbi swallowed, and he realized that the official deliberately limited the time to one year. Even if he chose to repay the debt with a small amount of principal and interest, the repayment pressure on the Dongcheng Business Company would be huge.

The rabbi bowed to Zhao Zhen and said, "I just thought about paying the principal and interest in one go before, and I have never thought about anything else. The officials' concerns are far from enough!"

Zhao Zhen smiled: "Don't look at the wisdom of China. Even if Yici Leye has been engaged in the banking industry for many years, there are still many things to learn. Do you know what I opened a money shop in the Song Dynasty? Tell you that it's not to make money!"

Seeing the rabbi's embarrassing expression, Zhao Zhen stood up and said, "After all, you have seen it. I know that you don't believe it, don't pretend!"

Sancai Liandao dared not. In fact, in his and rabbi's opinion, after the official opened a money house, he borrowed a lot of money from outside and collected interest. Isn't this the same nature as the blessing and longevity money released by Buddhism before?

"Do you think I opened a money shop to make money? I tell you that the money shop appeared for the prosperity of merchants in the Song Dynasty and to promote the market transactions in the Song Dynasty! This is just the beginning, and I will adjust the interest rate and time limit in the future!"

Zhao Zhen pointed to the confused rabbi and said, "Doing this can make a lot of money, but this money is dead. It is lying in the money house. The more money it is, the more unfavorable it is for the Song Dynasty. What I want is to let the money flow and create the value it deserves."

"I'll give you an example. If you see a way to make money or have your own skills and want to do business but have no capital, what should you do at this time?

Of course, you borrow money from the money bank. After making money, you will return the money bank with the capital and profit. The remaining wealth is yours. This is equivalent to the money bank helping you. The final result is that you succeed in doing business and the money bank also earns the dividends you have brought to start your business…………”
Chapter completed!