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Credit Loans

A credit loan is a loan issued in the creditworthiness of the borrower, and the borrower does not need to provide a guarantee. The characteristic is that the debtor can obtain the loan only by virtue of his own credit without providing collateral or third-party guarantee, and the borrower's credit degree is used as the repayment guarantee.

Credit loan terminology

A credit loan is a loan issued in the creditworthiness of the borrower, and the borrower does not need to provide a guarantee. The characteristic is that the debtor can obtain the loan only by virtue of his own credit without providing collateral or third-party guarantee, and the borrower's credit degree is used as the repayment guarantee. This kind of credit loan is the main way of lending by banks in China for a long time. Due to the high risk of this type of loan, it is necessary to conduct a detailed inspection of the borrower's economic benefits, management level, and development prospects to reduce risks. The credit loan business is mainly handled by banks, loan companies and electronic financial institutions. Banks with credit loan products in China include China Merchants Bank, Citibank, Standard Chartered Bank, Ping An Bank, and Ningbo Bank. Credit loans (credit loans) are booming in the country. Although the time is not long, all parties are actively launching products to compete for the market. The credit loan of the loan company is about 20,000-300,000 and the interest rate is 1.5%-3%. Some of the loan companies are commonly known as usury. These products are characterized by fast speed and flexible quotas, but the cost is hidden in the fees and charges, and the actual loan cost is much higher than the public interest rate. The credit loan of the guarantee company is a credit loan provided to the customer through the guarantee company guarantee bank lending model. The amount can generally reach up to 300,000, and the fee model is the interest of the bank loan and the guarantee fee of the guarantee company. A formal guarantee company only charges a certain percentage of the guarantee fee without charging interest, which is also a criterion for distinguishing whether the guarantee company is formal. P2P lending and wealth management platform, the amount will not be too high, the speed is between the loan company and the bank, characterized by the completion of loan procedures through the network, can be repaid through online banking or Alipay, but the rate is not certain.

Credit loan general rule

According to the "General Terms of Loans", a credit loan is a loan that is issued without a guarantee and based solely on the credit status of the borrower. When a lender issues a credit loan, the borrower must be strictly reviewed and evaluated to confirm that its credit has the ability to repay. The original "General Principles of Loans" even stipulated that "strictly control credit loans, actively promoteSecured loanDue to the high risk of credit loans, most financial institutions generally need to conduct detailed investigations on the economic benefits, management level and development prospects of borrowers to reduce risks.

Credit loan application conditions

1. If the credit rating of the enterprise customer is at least above AA-(inclusive), the credit can be issued upon approval by the provincial branch of the state-owned commercial bank;

2. The total operating profit of operating income has continued to grow in the past three years, the asset-liability ratio is controlled at a good value range of 60%, and the cash flow is sufficient and stable;

3. The enterprise promises not to set aside (quality) pledge or provide guarantee to others with its effective operating assets, or obtain the consent of the lending bank before handling the pledge (quality) pledge and providing external guarantees;

4, business management practices, no escape of debt, interest, etc.Bad credit history.

Credit loan loan project

The National Development Bank is a government-developed financial institution and a national policy bank. Its loans are mainly invested in the construction of major projects such as infrastructure, basic industries, pillar industries and high-tech industries. As early as 2000, the China Development Bank issued a loan of 175 million yuan to the city for the construction of Jingsha Avenue and the drainage system of the ancient city. In 2003, in order to support the industrial development of the city, the National Development Bank accelerated the construction of industrial new areas and urban infrastructure, and agreed to provide another 1.5 billion yuan loan to the city. The nature of the loan is a government credit loan. Government credit loans are fundamentally different from traditional commercial loans. Government credit loans do not require bank-by-bank business review for the project, nor do they provide specific material guarantees. Instead, the local government is assessed as a special type of customer. The specific content includes credit rating and credit development evaluation. , risk limits and government credit lines. Compared with commercial bank loans, the development bank loan has a long loan period. The government can arrange funds in a long period of time. The repayment pressure is small, and it is exempt from debt review and corporate guarantee. The loan procedure is simplified compared with the commercial bank loan procedure.

Everbright Bank Credit Loan

China Everbright Bank provides unsecured, non-collateralized, good credit records and stable economic income customersSecured loan. Credit loans mainly promote the "Easy" series of products, including revolving loans, white-collar loans, salary loans, and quick loans.

Revolving loan

Pointing to housingMortgage LoansThe high-quality customers give the circular credit in the form of quasi-credit, and the loan funds under the credit are used for personal comprehensive consumption.

White collar

The credit line granted by the “high-quality white-collar” customers who meet the requirements of this regulation is credited by credit, and the loan funds under the credit are used for personal comprehensive consumption.

Salary loan

For companies that entrust our bank to handle payroll business, the Bank can provide unsecured personal credit loans to its employees.

Quick and easy loan

A personal consumption loan for the credit guarantee method provided by our high-capital individual customers.

CITIC Bank Credit Loan

Your needs: want to get a loan without mortgage or guarantee

Service advantage: Convenient and efficient to meet customer financing needs.

Service Description: We offer you a credit loan with a maximum period of 3 years and a maximum amount of 1.5 million!

China Merchants Bank Small Credit Loan

1. No mortgage required: You can apply for a loan only with your personal credit.

2, the approval is faster: the procedure is simple, the information is complete, and the approval is completed in 2 days.

3, interest according to the day: use one day to count one day, do not use no interest, one day can also borrow.

4, remittance free: no matter local or remote, regardless of the amount of money, there is no need to pay settlement fees through online transfer and remittance.

5, with the borrowing and returning: opening the "turnover easy" function, you can apply for loans and repayments at any time through online banking.

6, circular credit: one time, recycling.