If you borrow 100 guan, what you get is actually 90 guan, for one year, and the repayment at maturity will be 130 guan.

In addition, corresponding interest must be paid, which is generally calculated on a monthly basis and is about two percent.

Calculating it this way, borrowing 100 yuan is equivalent to paying back about 150 yuan.

This is a serious loan shark. If it is not necessary, no one will take such a loan.

But now Datang Royal Bank not only fails to return nine out of ten, but also the interest rate is only 6% per thousand. Who dares to believe this?

Lin Mo was obviously in disbelief. He raised his eyebrows and asked, "Mr. Xiao, are you mistaken? Could it be six percent interest?"

Xiao Wan smiled and said nothing, finally confirming such interest.

Seeing this, Lin Dong asked impatiently: "Mr. Xiao, I wonder if our Lin family can get a loan and what kind of collateral is needed?"

Xiao Wan smiled and explained: "Of course you, the Lin family, can apply for a loan. The collateral only needs to be land, houses, shops, calligraphy, paintings, and rare things."

"Moreover, not only the nobles who participated in the auction, but also merchants can apply for loans. Even families or individuals who do not participate in the auction can apply for loans anytime and anywhere as long as they have good credit or have collateral."

Lin Dong and Lin Mo looked at each other and were shocked again.

They were originally worried about how to pay off the money, but they didn't expect that Yang Fan created Datang Royal Bank to directly solve this problem.

Installment repayment at extremely low interest rates not only subverts the previous private lending methods in Jiangnan, but also prevents everyone from being unable to pay.

More importantly, Yang Fan obviously consciously and plannedly supported those merchants who did not have sufficient funds but had real business acumen to develop business in Jiangnan and promote business prosperity.

Or it can give those poor families and people who have no money the opportunity to participate in business competition.

This forced the Jiangnan gentry to make changes.

If you do not participate in the business environment established by Yang Fan, you will definitely be replaced by other competitors.

Thinking of this, the corners of the eyes of the two Lin brothers jumped sharply involuntarily.

It’s really a waste of money!

If the Jiangnan nobles do not cooperate with Yang Fan, then everyone will be eliminated by the times.

The prerequisite for cooperation is to pay Yang Fan this huge amount of bidding money.

If everyone is tied to Yang Fan's warship in the future, who would dare to object to cooperating with Yang Fan?

Of course, although a loan is a good choice, Lin Dong now faces two problems, two fatal problems!

If you borrow money from the Royal Bank of Tang Dynasty and mortgage your property and house deeds, if your shipbuilding industry fails to meet your expectations, wouldn't it be equivalent to giving away all the wealth that Lin has accumulated over hundreds of years?

You must know that the new sea-going ships were all invented by Yang Fan. Although he has obtained the shipbuilding technology, he may not be able to compete with Yang Fan.

There is one more important thing!

If Yang Fan is really trying to support poor families to fight against the Jiangnan gentry, then with so much investment, there is no guarantee that others will enter the shipbuilding industry in the future.

Doesn't this mean digging your own grave?

The water here is too deep and the future is uncertain.

For a while, Lin Dong was worried about gains and losses and hesitated.

Xiao Wan saw the Lin brothers' expressions in her eyes, but said nothing.

After all, whether to get a loan or not is someone else's business, and the Xiao family has nothing to do with it.

In fact, Lin Dong's concerns were naturally also those of the Jiangnan gentry.

But Yang Fan's move was a conspiracy, and no one dared to resist.

On the one hand, if you don’t pay off the bidding money, you will definitely not get these technologies from Yang Fan.

Those who fall behind will be beaten, and they, the nobles, can understand this best.

You must know that these nobles are able to stand high because they have grasped the most advanced things of the times.

What's more, Xiao's company is bidding on papermaking technology. As long as there are people in the world who read, they won't be afraid that the paper won't be sold.

Anyway, no matter how much we lose, we can't lose it to the Xiao family.

However, Xiao Wan still admired Xiao Yu's foresight in preventing the Xiao family from getting involved in the fight against Yang Fan from the beginning.

Sure enough, if there is a good leader in the family, he can definitely lead the family to prosperity.

And Xiao Yu is the leader of this generation of their Xiao family.

Xiao Wan raised her head and sat up straight, a sense of pride welling up in her chest.

As long as he has talents, sees the investment targets accurately, and stands in good team, he will not worry about the decline of the Xiao family.

Lin Dong couldn't help but smile bitterly when he saw Xiao Wan's appearance as if it was none of his business.

It seems that the Xiao family has no intention of getting involved.

But after much thought, Lin Dong couldn't figure out why Yang Fan would lend them money at such a low interest rate.

Six percent interest is simply lending money to you for business.

In this day and age, it's almost the same as being given for free.

I couldn’t figure it out, and Lin Dong didn’t think about it either.

Because he knew that if he did not pay, the Lin family would not have the capital to fight against Yang Fan.

If you think about it this way, you can only treat a dead horse as a living horse doctor, and you can only fight.

Thinking of this, Lin Dong stared at Xiao Wan and asked solemnly: "Mr. Xiao, it's not that Lin is being pretentious. In fact, the land and property deeds belong to the family foundation, so we have to act with caution."

"I dare to ask Mr. Xiao, if Yang Fan is transferred back to Chang'an in the future and no longer takes charge of Datang Royal Bank, will his loan plan and commitment still be effective?"

When people leave, the tea is cool.

He, Yang Fan, is already in a high position before he reaches his prime, so it is impossible for him to stay in Jiangnan forever.

Once he leaves and someone comes up who completely refuses to acknowledge the previous agreement, they will have nothing to cry about as mortgage loan holders.

Xiao Wan laughed loudly and said: "Xiao can't guarantee this question, you'd better ask the Governor directly."

"The Governor came to visit him in person?" Lin Dong asked in a voiceless voice.

No wonder Lin Dong was so shocked.

Although the Xiao family is the leader of the Jiangnan gentry, Yang Fan is also a high-ranking official in the border areas. It is simply harder to get Yang Fan to visit them than to reach the sky.

If Xiao Yu is still in the Xiao family, Yang Fan belongs to the younger generation after all.

But now Yang Fan and Xiao Wan don't have much friendship, so a visit would be too disrespectful to the Xiao family.

Seeing Lin Dong so shocked, Xiao Wan looked proud.

When the housekeeper reported to him yesterday, Xiao Wan was also shocked.

Yang Fan came to visit in person, which was considered as giving the Xiao family enough face.
Chapter completed!