mijobooks Chapter 95 Li Mingyue as Guarantor
Chapter 95 Li Mingyue as Guarantor
Chapter 95 Li Mingyue as Guarantor
Hearing what Manager Zhou said, although it seemed to make a lot of sense, one thing was undeniable: the loan term was only one year.
With a one-year term, an 8% interest rate, and an additional 800,000 yuan, the total is 2.4 million yuan. If you borrow 20 million yuan, you have to repay 2.4 million yuan.
Although the interest rate wasn't too high at this time of year—after all, there are so few financing options in the world these days, so higher interest rates are normal—Mao Xiaoyu really didn't want to pay that much; it felt like she was being taken advantage of.
"But I want to raise funds for at least three years. If it's at an annual interest rate of 8% for three years, and you repay the principal and interest in full after three years, I'll give you that amount without any problem," Mao Xiaoyu said, making an exorbitant demand.
Hearing Mao Xiaoyu's words, Manager Zhou laughed and flatly refused, "I'm talking about a year, three years. No matter which financial institution you go to, 8% is definitely not enough. Don't even think about it."
Honestly, this deal of yours is too risky. Otherwise, we wouldn't have offered you such a high loan interest rate. We wouldn't have dared to finance you if it weren't for the fact that you wanted to try it out.
If you really don't want such a high interest rate, there's another way: you can use your house as collateral again. The interest rate there will be lower for you.
Seeing Manager Zhou's arrogant attitude, Mao Xiaoyu felt helpless; that's just how the world is.
It's not like the period after 2008 when the money policy was relaxed. Right now, there's a shortage of money and a large number of people in society. So, if you want to borrow money, apart from a mortgage, it's not easy to get any other loans. Even someone as powerful as Wang Wanda would have to be mindful of others' attitudes if he wanted to get a loan.
Mao Xiaoyu's type of financing is unprecedented and even more difficult to arrange. Major domestic banks and securities companies dare not do this. Only those with foreign capital backgrounds would understand securities lending and financing and would agree to provide financing.
Now they want 20 million.
Either obediently pay 15% interest per year.
Either give me 8% interest and an 80 rebate.
Of course, in the financial industry, giving rebates is perfectly normal.
After all, everyone tries to skim off a drop of feathers from a passing goose. With such a large sum of money in front of them, no matter who it is, they'll want to keep a cut. After all, as the lender, why would they lend to someone who doesn't benefit from it?
Only if you are willing to give up something will others allow you to get this loan.
In Mao Xiaoyu's view, it's not that just because you don't want to be gray, you won't encounter gray situations.
Gray is everywhere in this world; if you don't know that, it just means you haven't encountered it before.
The entertainment industry is the same. Doesn't anyone want to be a breath of fresh air? Of course, some people do, but if you're a breath of fresh air and aloof, how are others supposed to participate?
The same applies to hospitals. Don't say that giving red envelopes is a bad habit. Try it yourself and see if they make you spend more money.
That's just how the world is sometimes. After all, as the old saying goes, "If you don't use your power, it will expire." If you have some power, it will always serve your own interests. Do you think it's for the benefit of ordinary people? You're overthinking it.
That's how Manager Zhou is these days. He wants 20 million? Fine, give him 800,000 plus 8% interest, or 15%...
Interest, but if I agree to a 15% interest rate, will I actually get the money?
Manager Zhou doesn't get any benefits, so why should he do anything important for you? Isn't it better for him to rest? Just say there's no funding when the time comes, and you'll save both time and effort.
So now Mao Xiaoyu has calculated it out: 20 million, year after year, even if the interest is a little higher.
Hopefully, the next few stocks will perform well and double in value; otherwise, I'll really feel the pressure.
Seeing the negotiations had reached this point, Li Mingyue had no good solutions. Not only were the interest rates too high, but Zhou Guapi was also incredibly greedy.
However, Li Mingyue also knew that this was normal within the financial industry, so she didn't know what to say.
"Okay, 20 million it is. I accept the 8% annual interest rate. It's a little less for one year, but I agree. However, there's one thing I want to say: if I want to increase the amount after one year, could you please give me another year?" Mao Xiaoyu agreed.
"No problem, it'll be a piece of cake when the time comes," Manager Zhou agreed readily.
However, because she agreed too readily, Mao Xiaoyu realized that getting a loan next year wouldn't be so easy, and she might even have to pay extra.
However, we can talk about next year's issues next year. Maybe we won't need a loan next year. Therefore, Mao Xiaoyu smiled and said to Manager Zhou, "Then thank you, Manager Zhou."
"Don't thank me yet, let's talk about this financing first. Because domestic laws prohibit financing, although foreign financial institutions recognize financing, we can't do it in China. We have to sign a financing contract."
So your next 20 million will be a loan contract. Since you have no collateral with our company, you can only get a credit loan now. In order to ensure that you can repay the loan, we need Li Mingyue as a guarantor to sign this contract.
"Of course, although he acts as a guarantor, his main role is to monitor the funds in your account. If the funds fall below the financing price, he needs to immediately sell his shares and assume responsibility for any future debt crises you two may face," Manager Zhou said.
"What?" Li Mingyue exclaimed.
After all, if Mao Xiaoyu couldn't make up the difference, Li Mingyue would be the second person liable for compensation if she acted as the guarantor. That's why she shouted when she heard what Manager Zhou said.
"Xiao Li, what are you yelling for? You were the one who started this whole thing. Now that you've done the financing, someone has to be responsible for it to the end. So what's wrong with you acting as a guarantor?"
After all, as long as you keep an eye on your stock account, if you see that the account has lost a lot of money, you can quickly sell the stocks. Even if you are slow to sell, the loss will not be much.
Even if you lose money, you can just ask Mr. Mao for your money back. Are you afraid that Mr. Mao won't pay you? You could say that this matter is a little risky for you, but the risk is not as great as you might imagine. As long as you are diligent every day, you will be fine.
"Besides, the company isn't making you take on the risk for nothing. If Mr. Mao really does borrow that much, your salary will increase by half during the year the loan is taken out. That's a real benefit," Manager Zhou said, using both threats and inducements.
"But, but..." Li Mingyue didn't know what to say for a moment.
However, all three people present—Manager Zhou, Li Mingyue, and Mao Xiaoyu—knew that Manager Zhou's move was brilliant. He took the benefits but didn't get into any trouble. If problems arose, he could shift the blame onto his subordinates.
Now it's Mao Xiaoyu's turn to be in a difficult position. After all, some people are unwilling to be guarantors, and being a guarantor isn't something to be done lightly. If she runs into trouble, Li Mingyue will be in real trouble.
The entire private room fell silent immediately.
"Manager Zhou, I feel this matter has little to do with Manager Li. Making him a guarantor is practically forcing him into a corner. How about this: don't include a guarantor in the contract?"
Seeing that the atmosphere wasn't very good, Mao Xiaoyu directly voiced her opinion.
"Credit loans and mortgage loans are different. Mortgage loans require collateral and the value of the collateral. Also, when taking out a loan, it's unlikely that the full amount will be paid. So whether or not a guarantor is needed is irrelevant, since the loan can be repaid once the collateral is sold."
But personal loans are different. Personal loans don't involve collateral; they're usually backed by a person's credit. And Mr. Mao, to put it nicely, your credit is practically worthless in our financial company. So we need a key figure to act as guarantor before we can lend you this money.
"I believe Mr. Mao can't possibly find any social elites to vouch for you, so the best course of action is to have Li Mingyue act as guarantor. After all, he's a valuable asset to our company, and he'll also be helping you manage your stock account. So, both morally and legally, we must have Li Mingyue act as guarantor," Manager Zhou explained earnestly.
"Manager Zhou, look—" Mao Xiaoyu was about to say a few more words.
"Manager Zhou, Boss Mao, you don't need to say anything more. I'll take the guarantor role. But I want to make it clear here that if the stock value really drops below 20 million, I will definitely liquidate my position. I must get my principal back. I hope Boss Mao won't blame me."
"But if the stock market really does rise slowly this year, as Boss Mao said, I hope that a year from now, you'll give me some dividends, considering I'm your guarantor," Li Mingyue said earnestly.
In fact, Li Mingyue had already done the math in her mind. As long as she strictly controlled the stock price to be above 20 million, that would be fine.
If the stock price really falls below 20 million, then I will definitely sell it directly.
As for Mao Xiaoyu, she might lose another one or two million due to her own selling off, and then she can't blame herself.
Moreover, Li Mingyue also wanted to take a gamble on how much benefit Mao Xiaoyu would give her. Manager Zhou had only helped him get a loan, yet he had already given her 80 yuan.
If I act as guarantor for a year, and Mao Xiaoyu makes money, I can probably get a few hundred thousand yuan.
This kind of business has a low risk factor and can make money, so no matter how you look at it, it's a win-win situation for me.
It was precisely because she had thought about all this that Li Mingyue suddenly agreed to be the guarantor.
Hearing that Li Mingyue agreed to be the guarantor, both Manager Zhou and Mao Xiaoyu breathed a sigh of relief. After all, this was the most crucial step. No matter how well the negotiations went, without a guarantor, the financial institution would definitely not be able to issue so much money.
"Great, Manager Li is so straightforward. In that case, this loan is complete. Mr. Mao, come to the company tomorrow, and we'll process the loan." Seeing that Li Mingyue had agreed, Supervisor Zhou patted Li Mingyue on the shoulder happily and said with satisfaction.
Now that the final decision has been made, it's easier to discuss things further. Both parties agreed to meet at 9:00 AM tomorrow.
When I got to the company, I started working on this loan, and even the contents of the contract were pretty much the same. The requirements of the contract are as follows.
Borrower: Mao Xiaoyu; Borrower: XX Financial Company.
The loan amount is 20 million.
The loan term is one year.
The interest rate is 8%, and you will repay the principal and interest after one year.
80 in rebates.
This rebate will only be transferred to the Swiss bank account designated by Manager Zhou after the 20 million is received.
Moreover, since this is a stock purchase financed through financing, the 20 million yuan must be used to buy stocks or deposited into a securities company account, and Li Mingyue must supervise the process from then on.
If Mao Xiaoyu loses all her money within a year, leaving only the financial company's money, then Li Mingyue, as the financial company's representative, has the right to take over and sell the stocks to recover the 20 million yuan principal.
If the principal is insufficient, Mao Xiaoyu must make up for the lost money within one month; otherwise, the financial institution has the right to sue Mao Xiaoyu.
The above are the general terms of the contract. Of course, some details still need to be discussed by the lawyers of both parties.
Now that the contract was settled, the next step was undoubtedly to enjoy a good drink, and Manager Zhou, true to form, was a seasoned alcoholic.
He was a real heavy drinker, and after another bottle, he finally passed out.
Keep in mind, that's a full three bottles of liquor. I don't know how Manager Zhou was able to drink that much.
Manager Zhou was completely drunk, Li Mingyue was also about 70-80% drunk, and Mao Xiaoyu was almost done too.
However, the five-star hotel provided very thoughtful service. The hotel even had a designated driver service. Mao Xiaoyu spent a little money to hire a driver and then sent Manager Zhou back home.
As for Li Mingyue and Mao Xiaoyu, they were both quite drunk, but at least they were much better off than Manager Zhou. So they took a taxi directly to Li Mingyue's house first. Mao Xiaoyu let Li Mingyue get out of the taxi first, and then the taxi took Mao Xiaoyu home.
When Mao Xiaoyu staggered back, drunk and confused, Mao Jun and his wife couldn't help but scold their son when they saw him in such a terrible state.
However, Mao Xiaoyu was already drunk, so even when she cursed, she didn't react much.
The couple then realized that all their talk had been like casting pearls before swine, completely useless.
Finally, they reluctantly got Mao Xiaoyu into the bedroom, then took off his clothes, wiped his face and feet with a towel, and only after they finished everything did they turn off the light and let him sleep.
After Mao Jun and his wife came out of Mao Xiaoyu's room, they muttered to themselves that they would have a good talk with Mao Xiaoyu the next morning.
After all, it's not good for an 18-year-old to drink all the time. The couple has only been back for a few days, and they've already seen Mao Xiaoyu drinking twice.
This time it was even worse; he was so drunk he almost couldn't recognize his own home. This is definitely not good. Even for social occasions, you can't do this. He's ruining his health.
Mao Jun and his wife felt that this matter definitely needed to be discussed properly.
The drunk Mao Xiaoyu had no idea that her parents were worried about her drinking.