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Credit loan

A credit loan is a loan issued with the borrower's credit, and the borrower does not need to provide a guarantee. Its characteristic is that debtors do not need to provide collateral or third-party guarantees to obtain loans based on their own creditworthiness, and use borrowers’ creditworthiness as repayment guarantees. This kind of credit loan is the longest way banks in our country have to make loans. Due to the high risk of such loan methods, it is generally necessary to conduct a detailed inspection of the borrower's economic benefits, business management, and development prospects to reduce risks.

Credit loan interest rate

Now the interest rate on the credit loan is generally 0.8-2.88% per month, which depends on the qualification of the borrower and the lending institution chosen.

The interest on the credit loan and the borrower’s personal qualifications complement each other. If the personal qualification is good enough, then no bank will suffer. In addition, bank credit loans in different regions are not priced equally in terms of interest rates. In Chengdu, comparing a number of banks, it can be seen that China’s bank’s credit loan interest rate implemented in 2015 is relatively the lowest. The interest rate is only 0.54%. In addition, China Construction Bank's personal credit loan has no interest, but it has a monthly management fee of 0.38%, which is not cheap.

However, such state-owned banks' credit loans have low interest rates, but the application conditions are very strict. For example, the Construction Bank requires a stable monthly income in Chengdu, and must reach 6,000 yuan or more. The professional nature must be better, and it needs to work in the current unit for 12 months. The Bank of China even requires that the monthly income must be above 8,000 yuan, and there are still requirements for the application history. This relatively strict requirement is believed to be difficult to meet.

Poor credit how to loan

If your credit record is banned by the People's Bank, you cannot get a loan. If the credit card credit record is too bad, you should still be able to make a loan. Maybe the amount of the loan will be under control. The bad credit record is also a blacklist. It is the first factor that banks consider when verifying whether a loan is issued.

Having bad records does not mean that you must not be able to make a loan. It depends on the reasons for your bad records, the frequency of bad records, and the degree of bad records. Different banks will conduct research based on factors such as the time of bad records. Bad records are automatically eliminated after 7 years.

At present, many small commercial banks are flexible when approving loans. They will not formulately look at your statements or credit records to the four major state-owned banks. They will analyze the factors in your bad credit record. The reason for the bad credit record is clear to you. The overdue frequency can be realized on the credit report. The most important thing is to look at the severity of your overdue period. That is to say, the corresponding number on the credit report is a few, and the number of overdue periods is generally exceeded. Above 3, bank loans are basically difficult.

Online credit loan

Online credit loans do not mean that you can get a loan after submitting a loan application online. In fact, the so-called online credit loan means that after finding a loan agency that suits itself on a regular online loan platform, it contacts with the other party and conducts loan consultation. If it meets the loan requirements of the other party, the loan company will notify the company to sign the contract. Handle related loan issues.

When looking for a loan company online to apply for a loan, be sure to pay more attention. In general, applying for loans online is mainly a matter of looking for local regular loan companies. If a foreign loan company is not credible.

To apply for a credit loan online, a formal loan company will not charge any fees before lending, and the formalities for handling a credit loan must be handled in person, and cannot be handled via the Internet or fax.