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How to charge unsecured loan interest rates

Time: 2015-03-20         Source: Rong 360 original         Author: Chen Li

  Unsecured loan, also known as unsecured loans, orCredit Loans. No collateral is required, only the proof of identity, proof of income, proof of address, etc. (the specific proof depends on the bank). The bank applies for the loan to the bank. The bank grants the loan based on the personal credit situation. The interest rate is generally slightly higher. In the case of a mortgage loan, the client can choose the loan period according to the individual's specific circumstances, and then sign a contract with the bank, which is guaranteed.

IndividualCredit loan interest rateIt is a loan interest rate that an individual performs when using a credit loan, subject to the actual situation of the individual. The most intuitive factor affecting the interest rate of personal credit loans is the personal conditions, especially the personal credit history. If an individual used to use credit cards in the past and pay back in full every time, he would leave a good impression on the bank and generate relevant credit records in the bank's database. When the bank is handling credit loans, The personal credit status will be queried from the database to determine whether the loan and the loan are a personal credit loan interest rate. Since the risk of credit loans tends to be large, the actual personal credit loan interest rate is necessarily higher than the bank's benchmark lending rate. The amount of personal credit loans is generally not too high, and the term of the loan cannot be too long, so it is more suitable. An individual with a small amount of money is urgently needed.

The personal credit loan interest rate is the evidence for the bank to collect the interest on the personal credit loan. The interest rate is directly affected by the loan interest rate. Both the bank and the individual need to use this interest rate to collect interest or pay interest. In particular, individuals must pay interest on time. Otherwise, it will have an adverse effect on credit.

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