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Bank "consumer loans" big bottom: high threshold low

Time: 2017-06-12         Source: China Economic Net         Author: China Economic Net

Although different banks have a wide range of products, the threshold varies. However, on the whole, banks are more professional than the much-criticized and scandalous credit or microfinance companies with high interest rates on credit. Although the interest rates fluctuate, they are relatively reasonable.

"No warranty, no collateral, as long as certain conditions are met, give you a speedy loan ..."

In recent years, with the introduction of a package of measures by the State Council to boost domestic consumption, more and more traditional banks are gradually beginning to realize that the consumer credit market is a big cake and have launched their own consumer loans products.

Recently, however, the reporters of the International Monetary Fund found that the credit threshold of consumer credit products in most banks is high when they sort out the consumer credit products of various banks. In addition, the discount rates of some banks on interest rates are not large and the loan quotas are relatively small .

In this regard, banks have "bitter" to say that the establishment of high threshold is to risk management work done in the front. The difference between interest rates and quotas is due to different personal credit conditions.

High threshold to control risk

"No guarantee, no collateral, speed loan", low threshold, quick and easy has always been a lot of traditional banks to their consumer credit products marked. In fact, however, the reporters of the International Monetary Fund found that the threshold for such pure credit loans without any mortgage or guarantee issued by many traditional banks was not low after consulting with official customer service and visiting.

Generally speaking, these banks will target only high-quality, stable-income customers with good credit standing. Some banks only target the Bank on behalf of their wage clients or customers who own financial assets at the Bank in order to prevent and control risks.

For example, China Construction Bank's loan requirements for loans must be good credit CCB individual customers; ICBC, China Merchants Bank only customers who have the initiative to have credit applications eligible for consumer loans business;Industrial BankThe newly launched "Xing Flash Credit" is a "white list" established specifically to locate the main customer base as the "White List" customer holding the Industrial Bank's debit card stock. In addition to the Bank of China e-loan for customers invited by Bank of China, Although the business can also operate the credit loan business of ordinary users, its access threshold is relatively higher. There is a local access to one of the barriers to entry and the quota is relatively low.

In addition to the restrictions on the loan object, some banks have specific restrictions on the purpose of consumption and consumption.

For example, CCB's e-loan can only be purchased at domestic e-commerce websites. It can be used for "credit card payment" in online banking payment, and can be used for credit card payment at a merchant's POS card. The ICBC, Shanghai Pudong Development Bank, Postal Savings Bank, Standard Chartered Bank are required to enter the stock market loans, futures markets and for the equity investment, the real estate market may not be used for private lending, shall not be used for the state laws and regulations clearly not allowed to operate matter.

To these practices of banks, insiders said that this is only the equivalent of a bank to risk management work done in the front, both to help improve the efficiency of lending, but also help banks effectively control risks.

"We set up multi-dimensional screening conditions and pre-approve and pre-credit based on comprehensive information such as assets, credit records, performance ability and status of existing mortgages of the stock 'white list' customers and proactively tap customer's intention to use the products to achieve bulk Operations, this measure not only helps to improve the efficiency of lending, but also reserves a considerable amount of customer resources, but also effectively control risk an important tool. "Industrial Bank retail assets and liabilities General Manager Yan Xuewang on the" International Finance "reporter Said: "Compared with the majority of existing online banking products in most banks, which are only open to some high-end and high-quality customers, our current customer base of consumer credit products has become more extensive and more inclusive."

Quota and interest rates vary from person to person

In addition to the slightly higher threshold, some consumers said that the loan interest rates of bank consumer loans are higher, and there is a big difference between the loan amount eventually applied and the credit line applied for. What is going on?

"Most of the lending rates for bank consumer loans are floating, and the specific rates depend on your credit history." A joint-stock companyBank loanMinistry people told the "International Finance" reporter, personal credit conditions will affect the final loan interest rates.

In fact, the interest rates given by banks are not very high. The loan department cited an example to reporters: The annual interest rate of a certain consumer loan product of the bank is 5% to 5.7%, but the monthly interest rate is converted into a monthly interest rate of about 1.25%, while the monthly interest rate of some internet loan products of the same type Generally can reach 1.8%, or even 2%.

Insiders pointed out that although the banks a wide range of different products, different thresholds. However, on the whole, banks are more professional than the much-criticized and scandalous credit or microfinance companies with high interest rates on credit. Although the interest rates fluctuate, they are relatively reasonable.

As for the difference between the amount of the application and the final payment, the people in the loan department explained that "most of them do not reach the maximum quota, which is mainly due to the differences in the verification results of credit reference."

In addition, the reporter combed that the current major banks consumer credit line credit difference is also greater, the maximum amount of credit for most banks 300,000 yuan, only a small number of consumer credit maximum application reached 100 million yuan, while the highest is a Bank official website launched a product, the maximum credit line has 2 million yuan.

Online consumer loans are still supporting

In recent years, with the escalation of consumption, the consumer credit market has become a "battleground" for major commercial banks.

According to the 2016 Annual Survey of China Banking Association, personal consumer loans have been the most important part of the personal financial business for the fourth year in a row in the survey on the focus of individual business development of commercial banks. The proportion of bankers who choose this item increased from 68.7% Rose to 71.9%. among them,Personal Consumption LoanAccording to customer demand, each bank independently designs products to meet education, travel, decoration, shopping and other all-round financial needs, and thus become the major banks currently focus on the implementation of the business.

Nowadays, with the rapid development of financial science and technology, taking science and technology as the lead, strengthening innovation-driven and providing customers with good and popular online consumer credit products has also become a breakthrough for some traditional banks in accelerating the transformation of retail business.

Insiders pointed out that although there are still some areas for improvement in the online consumer credit products of traditional banks, the high interest rates on credit or small loan companies with credit or loan scandals, consumer loans at banks The product is still more professional.

However, Youchun, a researcher at the National Research Center for Small and Medium Banks, said that at present, there are only a few banks that really make online consumer loans and transform them into retail business transformation tools. Most of the online consumer credit products are more for those traditional banks Is a supplement.

Industrial Bank retail department responsible person also believes that for now, most of the traditional consumer credit products online play a supporting role, each product still not compete with each other.

"With the accumulation of practical experience, more big data will be collected, and we will further expand our customer base," a person in charge of consumer credit products told reporters.

In addition, the monthly minimum wage applies to full-time employed workers; the hourly minimum wage applies to part-time employed workers.

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