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How to better choose bank loans

Time: 2017-01-20         Source: Financial 360 finishing         Author: 360 Financial consolidation

How to choose betterBank Loan,details as follows:

First, compare the car loan interest rates of various banks. With the tightening of the bank’s car loan quota this year, the car loan interest rate will naturally follow. However, in order to attract consumers, the bank’s interest rate for loan increases is still somewhat different, and the loan interest rate is also different due to different loan terms. Everyone isLoan carAt the time, you can choose the lowest car loan interest rate in combination with your loan term to achieve cost savings.

Second, compare the fees of various banks. When everyone chooses “interest-free car loans”, they must look at the handling fee, because when they apply for interest-free car loans, the bank is likely to charge additional fees for lenders. For example, banks charge fees of seven or eight thousand at any time. Mostly, they do not Cost-effective. In addition, we also need to pay attention to the fact that before the loan is paid off, the car belongs to the bank, and the bank will allow consumers to purchase a lot of insurance in order to prevent risks. Therefore, when we sign a contract with the bank, we must carefully look at the terms of the contract. Weigh the cost before making a decision.

Third, compare the loan processing time periods of various banks. The examination and approval of bank car loans is rather troublesome. The general car loan time period is about one month, which is mainly due to the high bad debt rate of car loans. Therefore, bank approvals are more troublesome. Everyone can consult with their credit conditions before consulting car loans. The bank can effectively reduce the processing time. Everyone can distinguish which bank car loan is good from the above three aspects. Due to the tightening of credit policy, banksLoan amountLimited, banks may give priority to customers with relatively high credit lines, while ordinary customers still need to wait for loans.

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