What are the features of a personal credit loan

What are the requirements for a personal credit loan?

One, credit status

While different credit products have slightly different credit requirements, most banks will require borrowing applicants to have a good credit, no even three or six records in the past two years, no overdue loans at the present time, credit hard inquiry records can not be too much or else apply for a personal credit loan will be basically rejected.

Two, income status

Personal credit loan approval, generally assess the applicant's work status, a stable job and source of income, is one of the necessary conditions for many credit products. If the borrower can provide a stable salary flow, and the unit is of high quality, such as working in state-owned enterprises, institutions, this category of people applying for personal credit loans is very good through the approval, the loan amount is generally higher.

Three, debt ratio

Debt and personal repayment ability is closely related, high debt that repayment pressure is big, then the corresponding loan amount is relatively low; on the contrary, if the debt is relatively small, then the corresponding loan amount may be increased appropriately, because it will lead to the bank to reduce the confidence of your repayment ability. If the debt ratio exceeds 50%, it will be more difficult to apply for a personal credit loan, and the bank will feel that the borrower may not have sufficient repayment ability.

Four, proof of assets

While there is no need to provide guarantees and collateral to apply for a personal credit loan, if the borrower is able to provide additional proof of assets, such as real estate certificates, large bank certificates of deposit, and debentures as auxiliary application information for the loan, the chances of successfully passing the approval are greater. After all, personal property status plays a very big role in the credit loan application process, on the loan success rate and loan amount.

Applying for a personal credit loan actually depends on whether the borrower's own qualifications are good or not. For people with good credit, strong repayment ability and low debt ratio, it is easier to apply for a credit loan successfully.

How to get a personal credit loan

Bank of China's online banking personal revolving loan is an extension of the personal collateralized revolving loan and the personal un-collateralized revolving loan products in the e-banking channel. After you have been approved for a personal revolving loan quota of the online banking, you can carry out the self-service use of funds and repayment operation through the online banking. The Bank will cut the borrower's personal revolving loan quota with independent online banking and open an exclusive online banking loan account after the Bank's approval. Borrowers can pay back the loan as they go and use it on a revolving basis.

Before applying for the loan, you must first apply for our Personal Internet Banking version or VIP version (the inquiry version of Internet Banking is unable to handle personal revolving loans) and apply for a contract at the counter of the branch. After the application, you can go to "Loan Management - Loan Disbursement - Personal Revolving Loan" and click "Disbursement" in the list of personal revolving loans on the right side of the page; enter the loan elements in the "Enter Loan Elements" page. On the "Please enter the loan elements" page, enter the amount of the loan, select the payee account, and click "Next"; sign the "Personal Revolving Loan Contract of Bank of China Internet Banking", and after authentication by the security tool (BOC e-certificate cell phone transaction code), the loan funds will be disbursed to the payee account that you have selected.

The above is for your reference, please refer to the actual business regulations.

What are the requirements for a personal credit loan?

Personal credit loan application requirements:

1. Open a personal settlement account in the lending bank;

2. Have a good occupation with legitimate and stable financial income, and have the ability to repay the principal and interest of the loan on time;

3. Obtain a personal credit rating of A- (inclusive) or above in the lending bank;

4, Compliance with the law, no illegal behavior and bad credit record;

5. Chinese citizens who have a fixed residence in China, have a permanent household registration in the local town and have full capacity for civil behavior;

6. Other conditions stipulated by the bank.

Applying for a personal loan at a bank, the bank has requirements for the use of loan funds, and generally the bank will stipulate that the loan applicant shall not use the loan funds for the production, operation and investment areas that are expressly prohibited by the CBRC, and that the borrower is required to provide proof of the use of the funds or a statement of the use of the funds.

Expanded

Personal credit loan notes

1, must have a good personal credit record

Credit loans do not require the borrower to provide any collateral, is based on the personal credit application loan, so the lending institutions to approve the loan, will focus on the review of the borrower's personal credit situation, if you find that there is a record of late repayment, the loan application is likely to be rejected. The company's website has been updated with the latest information about the company's website and its website.

2, understand the loan related matters

Before applying for a loan, the borrower must find out what the credit loan conditions, how the loan interest rate is implemented, what is the limit of the loan period, what are the repayment methods and many other matters, so that we can achieve twice the result with half the effort.

3, find out the cost of the loan

Different lending institutions charge different standards, the general bank only charges interest, but some loan companies will charge interest on the loan in addition to a certain amount of money will be charged for the management fee, so in the loan before the borrower should be their choice of lending institutions to consult with a clear "how the charges ".