There are personal loans online, are they reliable?
Unreliable. There is no so-called loan assistance. Loans are subject to personal credit review and approval, and there are no shortcuts.
1. Common Loan Scams
1. Scam 1: No guarantee required
Many online loan advertisements promote home loans as “no guarantee or mortgage required”. In fact, they use these false advertisements to attract people who are in urgent need of borrowing money. Lead them into a scam. Such fraudulent loans have almost no loan conditions, are unsecured and unsecured, and have extremely low interest rates. But this is neither, and there is no threshold set. Is there really such a good thing? Borrowers should consider this carefully.
2. Scam 2: Loans require payment first
Generally speaking, formal lending institutions will not charge any fees before successfully disbursing the loan. Therefore, if a borrower applies for a loan online and the lending institution requires the borrower to pay processing fees and other fees in advance, there is a 99% chance that he has encountered a scammer.
3. Scam 3: Only ID card required
Mortgage loans require collateral, and the borrower also needs to have a stable job, bank salary flow, and good personal credit to successfully apply. There is no such thing as getting a loan with just one ID card. If when you apply online and the other party says that you can get a loan with your ID card, then the other party must be right. Don’t be fooled.
4. Scam 4: No need to meet and fax the contract
Although online loan application materials can be submitted online, in the end you usually choose to sign the contract in person, so if the other party says "No need to meet and fax the contract", you really need to think carefully. Don't fall into the trap.
2. Personal loan channels
1. Online loan platforms Personal loan channels
Online loan platforms should now be the choice of most people. The main features are: no collateral, easy review and fast disbursement. Pure credit loans are simple and convenient to operate, and the limit is generally not high. Nowadays, loan platforms are also divided into P2P loans and B2C loans. P2P loans are individual-to-individual loans, and the typical representative is Jiedibao, while B2C loans are company-to-individual loans, and the typical representative is China Mobile's mobile phone loan. Although loan platforms have many advantages and are suitable for people with small amounts, you must also pay attention to your own information security. When choosing an online loan platform, you need to check the background of the platform to see whether it can bear certain risks, such as China mentioned above Mobile products, which are products of state-owned enterprises, are relatively safer.
2. Bank loan channels
Compared with the other two channels, banks are the most acceptable loan channel. The main characteristics of bank loan channels are complex procedures, long processes, strict conditions, and short cycles. You feel more at ease in all aspects of bank loans. You don’t have to worry about not reading the contract clearly and you will end up paying high interest rates and falling into a trap. You don’t even have to worry about someone coming to your door with a knife and threatening you when you really can’t repay the money. However, banks are not a loan channel suitable for everyone. On the one hand, the application conditions are harsh, there are too many restrictive clauses, the procedures are too complicated, time-consuming and labor-intensive, and sometimes it may not last even a year; in addition, the loan period is It is relatively short, and it is rare to get a loan for long-term investment; finally, the amount of borrowing is relatively small, and it is difficult to obtain all the funds needed for enterprise development through banks. Especially for enterprises in the start-up and entrepreneurial stages, the risk of loans is high, and it is difficult to obtain bank loans. Bank loans are mainly personal housing loans, or commercial loans are more suitable.
3. Loan company channels
The characteristics of loan company channels are: offline application is required, approval speed is fast, and handling fees are required. Loan application approval at the loan company is very fast, and you can also enjoy high-quality credit services. But loan companies also have certain risks. On the one hand, loan interest rates are much higher than those of banks, and some loan companies also charge certain handling fees.
On the other hand, loan companies are now a mixed bag. If you don’t distinguish carefully, you can easily fall into the company’s trap.
Is the loan assistance company reliable?
Not necessarily. Loan assistance companies are actually intermediary companies. Collect service fees by processing customer loans. Loan assistance companies not only cooperate with banks, but also have many other channels. The bank's internal products will also be limited to cooperative institutions, so finding professional institutions can solve more problems better than individuals, including what materials need to be prepared, what matters need to be paid attention to, etc. Also, loan assistance companies will recommend products with the lowest interest rates because they charge a processing fee.
But there are many such companies and many informal companies. For example, arbitrary charging and arbitrary planning for customers. A reliable loan company must have a physical office address, and the office should be official. A loan assistance company without an office address may be a fake loan assistance company. The loan assistance company can run away at any time and you won't be able to find it.
Please be sure to sign offline. Whether the customer service answers the phone in a timely manner and whether the service is in place. A company with poor strength must also have poor service capabilities. This also reflects the company's reliability. We all know that loan assistance companies charge a fee. It depends on whether the loan assistance company's charging process and rates are standardized, and whether there are loopholes in the contract. Regular loan assistance companies only charge fees after the loan is successful, and there is no charge if the loan is unsuccessful
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Repayment method:
(1) Repayment of equal principal and interest: That is, the sum of loan principal and interest is repaid in equal monthly installments. Most banks' housing provident fund loans and commercial personal housing loans adopt this method. In this way, the monthly repayment amount is the same;
(2) Equal principal repayment: The borrower will evenly distribute the loan amount to each period (month) during the entire repayment period, starting from the previous period. The repayment method of repaying the loan interest from the transaction date to the repayment date on the same day. In this way, the monthly repayment amount decreases month by month;
(3) Monthly principal and interest repayment and principal repayment on maturity: that is, the borrower should repay the loan principal in one lump sum on the loan maturity date (applicable For loans with a term of less than one year (including one year), the loan will calculate interest on a daily basis and be repaid monthly;
(4) Prepay part of the loan: that is, the borrower can prepay part of the loan amount by applying to the bank . Generally it is 10,000 or an integral multiple of 10,000. After repayment, the lending bank will issue a new repayment plan, in which the repayment amount and repayment period change, but the repayment method remains unchanged, and the new repayment period shall prevail. Not exceeding the original loan period
(5) Early repayment of the entire loan: that is, the borrower can repay the entire loan amount in advance by applying to the bank. After repayment, the lending bank will terminate the borrower's loan and handle corresponding cancellation procedures.
I have a current loan period. Is it reliable for a loan company to say that it can help me get a loan?
It may not be reliable. Whether a loan is reliably obtained through a loan assistance company mainly depends on whether the loan assistance company is reliable. Loan assistance has two sides: on the one hand, it helps lending institutions to lend, and on the other hand, it assists lenders in obtaining loans.
This is the end of the introduction about whether the loan assistance is reliable and whether the financial company loan assistance is reliable. I wonder if you have found the information you need?