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What are the conditions to satisfy the formal personal small unsecured loan?

Time: 2018-02-13         Source: Exchange Office         Author: The Department of Business

Recently, Xiao Bian received a telephone consultation from a customer. The question was: “What condition does the unsecured loan meet is a formal personal small unsecured loan? Because it needs a loan recently, but it is not a small unsecured loan for people. It is clear that I hope I can get some clear answers.

Seeing this issue in fact reflects the popularity of Internet finance development and security awareness, allowing more customers who need funds to have a sense of self-control. Solve financial problems that you do not understand through the Internet and ask professionals.

Back to the topic, Xiao Bian first took everyone to look at the concept of personal unsecured loans.

What is an unsecured personal loan? An individual or family-based business loan is the main service target for the majority of industrial and commercial self-employed, small workshops, and small business owners. The loan amount is generally less than 100,000 yuan and more than 1,000 yuan.

Unsecured loans are also called unsecured loans, or credit loans.

Does not require any collateral, only proof of identity, proof of income, proof of address and other materials (specific proof of the material depends on what bank) loans to the bank, the bank is based on personal credit conditions to issue loans, interest rates are generally slightly higher For secured loans, customers can choose the length of the loan according to their individual circumstances, and then sign a contract with the bank.

After reading the concept of unsecured loans, has it already understood this? The following Xiaobian gave a blow to the question about the "regular" of the formal individual small unsecured loans:

1, will not charge any fees before lending. Regular unsecured loans do not charge any fees before lending, and even if fees are collected, they will be charged after the lending. Institutions, whether online or in life who charge any fees before lending, are informal institutions.

2. Sign the loan contract in person. At present, there are many unsecured lending institutions on the Internet. It is important to note that when signing a contract, the lenders and borrowers must sign in person and do not sign by fax. This is less secure.

3. Unsecured loans have higher interest rates. Regular unsecured lending rates are often higher because unsecured loans are more risky and lenders can reduce lending risk by raising interest rates. All unsecured lending products with lower interest rates need to be prudent.

Xiao Bian still suggested that when applying for personal unsecured loans, we must identify good institutions. Choosing formal institutions to handle related businesses can reduce many unnecessary problems.

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