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The bank's "consumer loan" kicks in: the high threshold is low
Although banks have a wide range of different products, the thresholds vary. However, on the whole, banks are more professional, and interest rates are variable but relatively reasonable, compared to high interest rates that have been criticized and frequently abused by online loans or small loan companies.
"No guarantee, no mortgage, as long as it meets certain conditions, give you a speedy loan..."
In recent years, with the State Council's policy of boosting domestic consumption in a package, more and more traditional banks have gradually begun to realize that the consumer credit market is a big cake and have launched their own personal consumer loan products.
However, recently, the reporters of the International Finance News found that the bank’s consumer credit products are relatively high in terms of consumer credit products, and that some banks’ interest rate preferences are not large, and the amount of loans is relatively small. .
In this regard, bankers have to "bitter" to say that the establishment of a high threshold is to make risk management work at the front end. The differences in interest rates and quotas are due to differences in personal credit information.
High threshold to control risk
"Unsecured, unsecured, and extremely fast lending", low threshold, rapidity and convenience have always been the hallmark of many traditional banks for their own consumer credit products. In fact, after consulting with official customer service and visiting, the “International Finance News” reporter found that the threshold for such pure credit loans without mortgages and guarantees introduced by many traditional banks is not low.
In general, these banks will only target high-quality customers with good credit and stable income. Some banks are only targeting payroll clients or customers with financial assets in the Bank in order to prevent and control risks.
For example, the fast loan of China Construction Bank requires that the loan target be a well-established CCB individual customer; ICBC and China Merchants Bank only have the initiative to grant credit to customers who have applied for a qualified consumer loan business;Industrial BankThe newly launched “Xing Sunning Banking” has specifically established a “white list”, positioning the main customer group as a stock of “white list” customers holding the Industrial Bank debit card; the Bank of China is not only targeting the BOC e-loans of invited customers. In addition to the business, although it is also possible to operate ordinary users' credit loan business, its access threshold is relatively higher, and local home ownership is one of the entry thresholds, and the quota is relatively low.
In addition to restrictions on loan targets, some banks have clear restrictions on consumer use and consumption.
For example, CCB's fast e-loan can only be purchased on the domestic e-commerce website, using the “loan account payment” in online banking payment, and debit cards that can be signed with fast loan can be used for credit card purchases at merchants' POS. However, ICBC, Shanghai Pudong Development Bank, Postal Savings Bank, and Standard Chartered Bank all require that loans not be allowed to enter the securities market, futures markets, equity investment in capital stocks, and real estate market; they must not be used for private lending, and must not be used in countries where laws and regulations clearly stipulate that they must not operate. matter.
Regarding these bank practices, some people in the industry have stated that this is only equivalent to banks taking risk management work at the front end. This will not only help increase the efficiency of lending, but also help banks effectively control risks.
"We set up multi-dimensional screening conditions, pre-approved and pre-authorized letters based on the existing white list's assets, credit records, performance capabilities, existing state of collateral and other information, and actively tap the customer's intention to use the product to achieve bulk Homework, this measure not only helps to increase the efficiency of lending, but also reserves a considerable amount of customer resources, and it is an important means to effectively control risks.” Yan Xuewang, general manager of Industrial Assets and Liabilities Department of Industrial Bank, told the “International Finance” reporter Said, "Compared with most banks' existing online loan products, which are only open to some high-end and high-quality customers, our current customer groups for consumer credit products have become more extensive and more inclusive."
Credits and interest rates vary from person to person
In addition to the slightly higher threshold, consumers have reported that the loan interest rate of bank consumer loans is relatively high, and there is a big difference between the loan amount ultimately reached and the line of credit applied for. What's going on here?
"Most of the loan interest rates for bank consumer loan products are floating. The specific interest rate depends on your credit information."Bank loanDepartment sources told the "International Financial News" reporter that personal credit information will affect the final loan interest rate.
In fact, compared to banks, the interest rate given by banks is not very high. The above-mentioned person from the Ministry of Finance gave an example to the reporter: The annual interest rate of a certain type of consumer loan product of the bank is 5% to 5.7%, but the converted monthly interest rate is about 1.25%, and the monthly interest rate of certain Internet loan products of the same type. Generally it can reach 1.8% or even 2%.
Insiders pointed out that although banks have different types of products, the thresholds vary. However, on the whole, banks are more professional, and interest rates are variable but relatively reasonable, compared to high interest rates that have been criticized and frequently abused by online loans or small loan companies.
As for the difference between the application limit and the final payment limit, the above-mentioned loan person explained that “it is true that most of the people's approvals are not able to reach the maximum amount. This is mainly due to the difference in verification results of credit information.”
In addition, the reporter combed and found that at present the differences in credit lines for large-scale consumer loans are also large. Most banks have a maximum credit limit of 300,000 yuan, and only a few of them have a maximum credit limit of 1 million yuan. The highest is a certain amount. A product launched by the bank’s official website has a maximum credit line of 2 million yuan.
Online consumer loans are still supporting
In recent years, with the upgrading of consumption, the consumer credit market has become a "matchable spot" for major commercial banks.
According to the 2016 annual survey conducted by the China Banking Association, in the investigation of the development focus of individual business of commercial banks, personal consumer loans have become the most important part of personal financial business for four consecutive years. The percentage of bankers who choose this accounted for 68.7% of the total in 2015. It rose to 71.9%. among them,Personal Comprehensive Consumer LoansAccording to the needs of customers, various banks can independently design their products to meet the full range of financial needs such as education, travel, decoration, and shopping, and thus become the major businesses that are currently being implemented by major banks.
In the current rapid development of financial technology, with technology as the lead, strengthen innovation-driven, to provide customers with an appellate and popular online consumer credit products, has also become a breakthrough point for some traditional banks to speed up the transformation of retail business layout.
Some people in the industry pointed out that although traditional online banking products for online consumer loans still have some areas for improvement, they have higher interest rates than online loans or small loan companies that have been criticized and frequently abused by scandals. The product is still more professional.
But Yu Chun, a researcher at the national small and medium-sized bank research base, said that currently only a few banks have truly done a good job in online consumer loans and turned them into a retail banking transformation tool. Most online consumer loan products are more for those traditional banks. It is a supplement.
The relevant person in charge of the retail department of Industrial Bank also believes that at present, most of the online consumer loan products of traditional banks play a supporting role, and each product is still not a competitive relationship among each other.
"With the accumulation of practical experience, more big data will be collected. By then, we will further expand the customer base." A person in charge of consumer credit products told reporters.
In addition, the monthly minimum wage standard applies to full-time employed laborers; the hourly minimum wage standard applies to non-full-time employed workers.
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