For a comprehensive understanding of personal credit and personal loan, reading this article is enough.

For a comprehensive understanding of personal credit and personal loan, reading this article is enough.

The state vigorously supports small and micro enterprises and has introduced credit personal loan, commonly known as microcredit. Today‘s young friends are no strangers to credit personal loan. personal loanWith a car, a house, an insurance policy and even a credit card, they can personal loan tens of thousands to hundreds of thousands of dollars. Many small partners are qualified, as long as there is no problem with credit, they can make a payment immediately, but how much do you know about credit personal loan?

What is microcredit

The so-called credit enterprise personal loan problem, actually refers to those we do not need a guarantee to apply for small personal loans, the average student loan amount in the world between 30,000-500,000, the cost of the cumulative borrowing time generally does not exceed 1 year, with the borrower's creditworthiness as the ability to repay the guarantee loan.

The advantages of microcredit

The procedure is simple, the loan process is fast and the procedure is simple. A small loan company, personal loan, has simple procedures personal loan management is carried out in accordance with the procedures of customer application, acceptance investigation, verification of mortgage situation, guarantee situation, loan committee approval, signing personal loan contract, issuing personal loan and recovering the principal and interest of personal loan. Generally, personal loan is completed within 7 days from the date of acceptance, which is convenient and fast compared with bank personal loan, and the interest is much lower than private loan.

The repayment management method is flexible, such as matching the principal and interest on a monthly basis, repaying the principal on a quarterly basis, failing to repay the principal and interest at maturity or paying interest in two installments.

The money path of microcredit

Credit funds can only be used for personal consumption (including car purchase, decoration, education, mass consumption shopping, tourism, etc.) , can not be used for housing. When applying for a credit personal loan, you need to provide proof of use, as collateral does not require some relatively rigorous scrutiny.

Application conditions of microfinance

Chinese citizens who have a Chinese household registration, a local urban household registration (or valid documents) , full civil capacity and the following conditions can apply for personal credit personal loan.

Have a proper job and a stable source of income (the monthly salary must be above 1000 yuan), and be able to repay the principal and interest of personal loans on time;

Abide by laws and regulations, no illegal acts, no bad record.

Suggestions:

Any enterprise's personal loan may be rejected. When choosing the products of personal loan companies, we should combine the students' own development conditions and the purpose of personal loans to minimize the possibility of rejection. You can try to choose some personal loan service products that meet your own needs, improve the bank's personal loan pass rate, and avoid doing a lot of useless work and wasting unnecessary waiting time.

If the borrower is not familiar with the personal loan product, he or she can consult a professional or interface agent and then make the best choice according to the different product features.

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