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Credit Loans

A credit is a loan issued by the borrower's credit, and the borrower does not need to provide a guarantee. Which is characterized by the debtor without the need to provide collateral or third-party guarantee alone can be obtained by their own credit, and the borrower's credit as a repayment guarantee.

Credit loan nouns

A credit is a loan issued by the borrower's credit, and the borrower does not need to provide a guarantee. Which is characterized by the debtor without the need to provide collateral or third-party guarantee alone can be obtained by their own credit, and the borrower's credit as a repayment guarantee. This credit is the long-term major lending method of our bank. Due to the greater risk of this type of loan, the borrower's general economic efficiency, management level, development prospects and other circumstances to conduct a detailed study to reduce the risk. Credit loan business, mainly through banks, loan companies, electronic financial institutions for. Banks with credit loans are China Merchants Bank, Citibank, Standard Chartered Bank, Ping An Bank, Ningbo Bank and so on. Credit loans (credit loans) are booming in the country. Although the time is not long, but the parties are actively launched products compete for the market. Loan company credit loans, the amount of about 2-30 million, the rate of 1.5% -3%. Some of the loan companies are commonly known as usury, these products are characterized by fast, the amount is very flexible, but the cost is hidden in the fees and other charges, the actual cost of loans is much higher than the external publicity rate. The credit loan of the guarantee company is a credit loan provided to the customer by guaranteeing the way the company guarantees the bank loan. The amount of the general can reach up to 300,000, the cost model for the bank loan interest plus guarantee company's guarantee fee. Formal guarantee companies only charge a certain percentage of the guarantee fee without charging interest, which is to identify whether the guarantee company is a formal standard. P2P loan financial platform, the amount will not be too high, the speed between the loan company and the bank, is characterized by the network can be completed through the loan procedures, online banking or Alipay can repay, but the rate is uncertain.

General Principles of Credit Loans

In accordance with the terms of the Loan, a credit is a loan that is not secured and is based solely on the borrower's credit status. When the lender lends the credit loan, the borrower must be strictly reviewed, assessed and confirmed that the credit has the ability to repay. The original "Loan General" and even provides "strict control of credit loans, and actively promote secured loans." Due to the large risk of credit loans, most of the financial institutions generally to the borrower's economic efficiency, management level, development prospects and other circumstances to conduct a detailed study to reduce the risk.

Credit loan terms

1, corporate customer credit rating at least in the AA - (inclusive) level, the state - owned commercial banks by the provincial branch approval can issue credit loans;

2, operating income accounting for nearly three years of total profit growth, asset-liability ratio control in the 60% of the good value range, cash flow is sufficient and stable;

3, the enterprise promised not to its effective management of assets to others to set up (quality) charge or external to provide security, or in the handling of (quality) and other external guarantee and obtain the loan bank agreed;

4, business management practices, no escape debt, debt and other bad credit records.

Credit loan project

The State Development Bank is a government-developed financial institution, a national policy bank, whose loans are mainly invested in major projects such as infrastructure, basic industries, pillar industries and high-tech industries. As early as 2000 the State Development Bank has granted loans to the city of 175 million yuan for the construction of Jingsha Avenue and the ancient city drainage system. In 2003, the State Development Bank in order to support the city's industrial city to speed up the industrial area and urban infrastructure construction, agreed to once again for the city to provide 1.5 billion loan. The nature of the loan is a government credit loan. Government credit loans and traditional commercial loans are essentially different. Government credit loans do not need to conduct one by one bank business review, nor do they provide specific material guarantee, but the local government as a special type of customer credit review, the specific contents include credit rating, credit development evaluation , The risk limit and the government credit line. Development Bank loans Compared with commercial bank loans, the loan term is long. The government can arrange funds for a long time. The repayment pressure is small and exempt from debt review and corporate guarantee. The loan procedure is simpler than the commercial bank loan procedure.