1. The loan applied for with the salary card is an individual unsecured loan. Generally, the amount of application is not high, and it is a small loan.

2. Applying for a loan with a salary card is related to local policies, banking policies, personal credit records, work income and work nature. Generally speaking, if you have a stable job, high income and good personal credit, it is easier to apply for a loan and the amount is higher.

3. Apply for a loan with a salary card without mortgage guarantee. You can apply for a loan only by providing your personal ID card, work certificate, salary card, labor contract signed with the unit and the list of water and electricity payment in the past three months. After the applicant prepares the above information, he/she submits the information and application to the bank, and the loan can be released after the bank approves it. The loan can be applied for up to 5 years.

Extended data

Relevant requirements for salary card loans

1. Application conditions

(a) national civil servants and institutions with full capacity for civil conduct, as well as employees of enterprises with good economic benefits, standardized management and stable workforce;

(2) Have a fixed occupation and stable economic income, and have the ability to repay the loan principal and interest on schedule;

(3) The borrower abides by laws and regulations, and has no violations of laws and regulations, bad credit records and debts;

(4) Other conditions stipulated by the cooperative bank.

2. Application materials

① Original and photocopy of the borrower's ID card, residence booklet or blue-printed household registration book;

② The labor contract signed by the borrower's work unit and the borrower;

③ Letter of guarantee issued by the borrower's work unit;

(4) Any utilities (water, electricity, gas and telecommunications) bills paid by the borrower in the past three months;

⑤ Other materials required by the Cooperation Organization.

References:

Baidu Encyclopedia: Personal Wage Loan