General installment and loan insurance are mainly used for compensation. When the debtor fails to perform the repayment obligation, the insurance company will pay the relevant remaining expenses on his behalf. At the same time, the insurance company reserves the right to recover from the debtor. That is, the insurance company will pay you first, and then continue to ask you to recover the follow-up expenses.

What do you mean by installment?

Installment payment is a kind of transaction method. Simply put, in some product transactions with long production cycle and high cost, instead of paying all the expenses at one time, it is agreed to pay the money in several installments and pay certain installment interest within a certain period of time.

For example, if you buy a product with a price of 12000 yuan and pay in installments of 12, then the consumer only needs to pay 1000 yuan per month. If there is installment interest, you have to pay an extra fee every month.

Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a deposit, and most of the rest of the payment is paid in installments after part or all of the products are produced and shipped, or when the goods are installed, debugged, invested and guaranteed. Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment.

Installment payment is actually a loan provided by the seller to the buyer. The seller is the creditor and the buyer is the debtor. The buyer can get the goods or services he needs only by paying a small amount of money, but because the interest is included in the future installment, the amount paid for the same goods or services by installment is more than the amount paid in one lump sum. On the one hand, installment payment allows sellers to complete promotional activities, on the other hand, it also provides convenience for buyers.

There are also many forms of installment payment: the purchaser pays by installment, usually paying the down payment first, and then paying the second money after receiving the notice from the real estate agent; Divided into three installments, and the third installment will be paid within a certain period of time after check-in. In this way, the buyer usually pays more than one-time payment, but at the same time it can reduce the possible losses in the auction, such as the "unfinished" house, the decline in house prices beyond the down payment and the changes in the economic situation of the buyer.

Loan installments are generally paid off in several years. The key here is when the installment payment will start except the down payment, in other words, when the loan bank will hand over the loan from the property buyer to the real estate developer. This time can start as soon as the loan procedure is completed, or it can start as soon as the house is handed over, which is more beneficial to the buyers. Of course, how to pay is not the wishful thinking of buyers. If real estate developers have no strength, they must rely on buyers' money to build houses. Usually, they will not agree that the buyer's second payment will be delayed until delivery. In this case, property buyers can only decide whether to buy a real estate developer's house.

What is an installment loan?

Installment loan refers to the installment repayment of loans applied by users. This kind of loan has a fixed repayment date, and users need to repay it on time every month. The advantage of installment loan is to spread the repayment pressure to every month, but due to the extension of repayment period, it is impossible to judge whether users can insist on repayment. Of course, each repayment method has advantages and disadvantages.

For example, users with strong repayment ability can choose to repay the principal and interest in one lump sum, while users with average repayment ability are more suitable for installment repayment.

Loan channel

1. Traditional loans (also called offline loans) refer to loan applications submitted through banks in real life. )

Second, online loans (also known as online loans, which refer to online loans submitting applications) are P2P financial loans.

The establishment of P2P was born between fundraisers and investors. Compared with traditional loans, Internet finance can avoid risks such as illegal fund-raising, bad debts and running away. Internet finance has no fixed investment group, which can effectively solve the safety of platform operation and protect the interests of investors.

3. Mobile loan (refers to submitting a loan application through the mobile loan app, which is flexible and convenient anytime and anywhere)

Basic loan terms

Loan target: China citizens aged 18 to 60 with full capacity for civil conduct.

Loan amount: After the borrower provides the pledge, mortgage, third-party guarantee recognized by CCB or has certain credit qualification, the bank will verify the corresponding pledge amount, mortgage amount, guarantee amount or credit amount of the borrower. The pledge amount shall not exceed 90% of the face value of the pledge right certificate provided by the borrower; The mortgage amount shall not exceed 70% of the assessed value of the collateral; The credit line and guarantee line are determined according to the borrower's credit rating.

Guarantee method: mortgage, pledge, third-party guarantee or credit recognized by CCB.

Application materials to be provided:

(1) A written document in which the guarantor agrees to provide the required guarantee for the borrower to obtain the guarantee amount.

(2) the guarantor's credit certification materials.

(3) Collateral appraisal report issued by the socially recognized appraisal department.

(4) Other documents and materials as stipulated by the Construction Bank.

(5) Original and photocopy of the borrower's valid identity certificate.

(6) local permanent residence or valid residence identity certificate.

(7) The borrower shall produce the income certificate issued by the employer, the borrower's tax bill and insurance policy.

(8) The pledge right required for the borrower to obtain the pledge and the amount of mortgage, the list of collateral and the ownership certificate, the written document of the owner and the property that someone agrees to pledge and mortgage.

(9) The borrower also needs to provide the bill for the hydropower property where the company is located and the bill for the hydropower property with personal address.

5. Loan term: The maximum validity period of the mortgage line is 5 years, the expiry date of the pledge line shall not exceed the expiry date of the pledge right, and the maximum validity period of the credit line and guarantee line shall not exceed 5 years. The validity period of the line shall be calculated from the effective date of the loan contract. If the borrower applies for two or more lines of pledge, mortgage, guarantee or credit at the same time, the Construction Bank will verify the validity of the borrower's personal consumption line loan according to the shortest line. After the limit expires, it is not allowed to continue to withdraw the remaining limit.

6. Loan interest rate: The loan interest rate of China Construction Bank shall apply.