Unsecured loan, also called unsecured loan, or credit loan. You don't need any collateral. You only need proof of identity, proof of income, proof of address and other materials (see the bank for specific proof materials) to apply for a loan from the bank. Banks issue loans according to personal credit, and the interest rate is generally slightly higher than that of secured loans. Customers can choose the loan term according to their individual circumstances, and then sign a contract with the bank, which is guaranteed.
In addition, there are some credit platforms, similar to intermediaries, which support lenders on the one hand and borrowers on the other, assist in reviewing intermediary materials and signing contracts. At present, banks with unsecured loan products in China include Citibank, Standard Chartered Bank, Ping An Bank and Bank of Ningbo, and credit platforms include CreditEase and Zhongan credit industries. Unsecured loans (credit loans) have not been carried out for a long time in China, and there is a general demand in the south, but the acceptance in the north is not high. With the continuous promotion of credit cards, some state-owned banks and commercial banks will also launch similar products.
At present, the unsecured loans officially promoted in China include the demand loan school launched by Standard Chartered Bank, which belongs to unsecured loans with a loan amount of 8,000 yuan to 20,000 yuan.
CreditEase is an unsecured credit loan with a line of about 200,000-300,000 and an interest rate of 1.5%-3%.
Since 2004, in order to make up the blank of financial products supporting low-income groups and micro-enterprises, the state has successively issued a series of supporting policies to develop micro-credit. Among them, some professional microfinance companies appeared, such as Zhongan Xinye, and then several major banks also started microfinance business. However, due to low consumer awareness, the market was chaotic in the early stage of industry development. Therefore, it is necessary to apply for an unsecured personal loan, and it is best to consult a professional and powerful company.
Personal unsecured loans are also called personal unsecured loans or credit loans. Generally speaking, it is safer to choose a formal personal unsecured loan, and the requirements for unsecured personal loans are very demanding. In fact, there are many conditions for applying for a personal unsecured loan from a bank.
Personal unsecured loans do not need any collateral, but only need identification, income proof, address proof and other materials (see the bank for specific proof materials) to apply for loans from the bank. Customers can choose the loan term according to their own specific conditions, and then sign a contract with the bank to handle personal unsecured loans.
Formal personal unsecured loan business is mainly handled by banks, loan companies and electronic financial institutions.