Can ordinary people go to banks for loans?

Ordinary people can go to banks for loans, as long as their qualifications meet the requirements of loan products.

In addition to corporate loans, banks also have many personal loans, such as consumer loans, housing loans, etc., so ordinary people can also operate them.

However, bank loan thresholds are higher than other institutions, so users need to ensure that they have sufficient repayment ability and good credit, otherwise they are likely to be rejected during the review stage.

Loans (electronic IOU credit loans) are simply understood as borrowing money that requires interest.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts.

Banks invest the concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income. , increasing the bank’s own accumulation.

The "Three Characteristics Principle" refers to safety, liquidity, and efficiency. This is the fundamental principle of commercial bank loan operations. Article 4 of the "Commercial Bank Law" stipulates: "Commercial banks take safety, liquidity, and efficiency as their operating principles, implement independent operations, bear their own risks, be responsible for their own profits and losses, and self-discipline."

Loan safety It is the primary problem faced by commercial banks;

Liquidity refers to the ability to recover loans within a predetermined period or to quickly realize cash without loss, so as to meet the needs of customers to withdraw deposits at any time;

Efficiency is the basis for the bank's continued operations.

For example, if a long-term loan has a higher interest rate than a short-term loan, the efficiency will be good. However, if the loan period is longer, the risk will increase, the safety will be reduced, and the liquidity will become weaker. Therefore, there must be harmony among the "three natures" so that there will be no problems with loans.

Repayment method:

1. Equal principal and interest repayment: that is, the sum of the loan principal and interest is repaid in equal monthly installments. Housing provident fund loans and commercial personal housing loans from most banks adopt this method. In this way, the monthly repayment amount is the same;

2. Equal principal repayment: that is, the borrower will evenly distribute the loan amount and repay it in each period (month) throughout the repayment period, and pay it off at the same time A repayment method based on loan interest from the previous trading day to the current repayment date. In this way, the monthly repayment amount decreases month by month;

3. Monthly interest payment and principal repayment when due: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [with a period of less than one year] (Applicable to loans (including one year)), the interest on the loan is calculated on a daily basis, and the interest is returned on a monthly basis;

4. Repay part of the loan in advance: that is, the borrower can apply to the bank to repay part of the loan amount in advance. Generally, The amount is 10,000 or an integral multiple of 10,000. After repayment, the loan bank will issue a new repayment plan, in which the repayment amount and repayment period have changed, but the repayment method remains unchanged, and the new The repayment period shall not exceed the original loan period.

5. Repay the entire loan in advance: The borrower applies to the bank to repay the entire loan amount in advance. After repayment, the lending bank will terminate the borrower's loan and handle the corresponding cancellation procedures.

6. Borrow and repay at any time: The interest after borrowing is calculated on a daily basis, and one day is used to calculate the interest. You can settle the payment in one lump sum at any time without penalty. Can ordinary people go to banks for loans?

If you hold a CMB all-in-one card, CMB has launched a flash loan business. You can log in to the CMB Mobile Banking APP and click "My → All → Borrow" to try to apply or check whether you are eligible to apply (whether you can obtain a quota and whether the loan is successful are subject to the system evaluation results).

Basic conditions for flash loan application:

1. Hold a CMB all-in-one card;

2. The borrower is generally between 23 and 60 years old. The loan period is generally no more than 60 years old;

3. Have the ability to repay the loan on time, no illegal behavior, and good credit.

Warm reminder:

1. After the flash loan is issued, cash will be released to the designated account. The funds can only be used for normal bulk consumption and transfers, and are not allowed to be invested or flowed into the stock market, real estate, etc. .

2. Different types of flash loans have different limit regulations. Generally, the maximum credit limit does not exceed 200,000, which is ultimately displayed on the loan page; the minimum amount of a single withdrawal is 1,000, and the maximum does not exceed the limit amount. , and must be an integral multiple of 1,000.

3. There are two types of applications for borrowing money within the flash loan limit:

(1) 15-minute loan: Automatically approved within 5-10 minutes, and the loan will be released immediately after approval, and a text message will be sent. Notice

(2) T 1-day loan: T will call you within 1 day to verify, and arrange the loan after confirming the information. If you contact the applicant three times without receiving an answer, your application will be unsuccessful and you will need to apply again.

4. When a flash loan is used to build a credit limit, there will be an inquiry record on the credit report. If you have successfully established a balance but have not withdrawn money: there will be no record of the limit in the credit report; for every subsequent withdrawal, there will be a record of the loan in the credit report.

(Response time: July 4, 2022. The above content is for your reference. In case of business changes, please refer to the latest business rules.)

Warm reminder: If you have any If you have any questions, please call the official customer service hotline or contact the CMB APP online customer service for consultation. How can ordinary people borrow 50,000 yuan?

Ordinary people can borrow 50,000 yuan in the following ways:

1. Bank loans are a relatively common loan method. To borrow 50,000 yuan from a bank, you can bring your ID card. , go to any business outlet of the lending bank, fill in the loan application form with the assistance of bank staff, fill in relevant personal information and loan amount, etc., submit personal materials such as ID card, household register, income, etc. to the bank, and wait for the bank's review. This type of credit loan generally has a low limit and is often targeted at mid-to-high-end customers, with high application thresholds. If you have bank-approved property for mortgage or pledge, it is recommended to apply for a personal mortgage loan from the bank. This type of loan has the advantages of large amount and low interest rate, but the procedures are complicated and the application period usually takes more than one month, so it is not suitable for borrowers who are eager to use the money. If you have a credit card, you can also apply for credit card installment payment from the bank. This kind of business can be applied for quickly, and you can usually get a loan in about a week. At present, some foreign banks' personal loan products are faster to apply for, such as Standard Chartered Bank's Cash Loan and Citibank's Happy Loan. However, their business is only limited to a few first-tier cities. For borrowers in the vast majority of cities, It can only be expected but not expected.

2. You can borrow money through online platforms such as Alipay. Open Alipay, click Borrow - Borrow money, fill in the required amount, select the loan time, select the repayment method, etc. to borrow.

3. Personal loans from private lending institutions. Like banks, loan companies also have personal mortgage loans and personal unsecured loans. Regardless of the application threshold and application speed, private lending institutions have low application thresholds and simple procedures, including consultation, application, submission of information, and approval, which can be completed in as little as one day. Although the application speed is faster, the loan contract can be signed in person and the loan can be credited as quickly as one day. It usually takes about 3 days from the time the borrower applies to getting the loan, which is fast and convenient. It is most suitable for those who have no mortgage conditions and are eager to use money. Can an ordinary person apply for a loan with an ID card?

Yes, as long as the following conditions are met:

1. Be 25 years or older, have full capacity for civil conduct; and have permanent residence in China Household registration or valid residence certificate.

2. Have a fixed occupation or stable economic income, and be able to guarantee the ability to repay principal and interest on schedule.

3. Good credit record and no bad credit record.

4. Be able to provide a legal and effective guarantee recognized by the bank.

5. Other conditions specified by the bank.

Application procedures

1. Sign a subscription letter: The customer signs a subscription letter with the real estate development company that has signed a contract with the bank, and pays the first installment of the purchase price to the real estate development company.

2. Apply: The customer goes to the law firm entrusted by the bank to handle the mortgage application procedures, including submitting personal information, paying various fees, and filling in legal documents.

3. Payment review: The law firm will conduct a preliminary review of the customer's application, and then the bank will review it; if the review fails, the customer's information and fees charged will be returned.

4. Other legal procedures: The law firm handles insurance, notarization, and mortgage registration and filing of collateral.

5. Loan disbursement: The bank transfers the loan amount to the developer's account and notifies the customer to start paying for the property.

Extended information:

The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0/000)=year Interest rate ()÷360=monthly interest rate (‰)÷30

2. Monthly interest rate (‰)=annual interest rate ()÷12

The bank can adopt the cumulative interest calculation method and Calculate interest by transaction-by-transaction method:

1. Accumulated interest method is based on the daily accumulated account balance in the actual number of days, and the interest is calculated by multiplying the accumulated accumulated amount by the daily interest rate. The interest calculation formula is: Interest = Accumulated Interest Accumulation Number × Daily Interest Rate, where Accumulated Interest Accumulation Accumulation Number = Total Daily Balance.

2. The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan period. There are three specific methods:

(1) Interest calculation If the period is a whole year (month), the interest calculation formula is: interest = principal × number of years (months) × annual (month) interest rate.

(2) If the interest calculation period has a whole year (month) and fractional days, the interest calculation formula is: interest = principal × number of years (months) × annual (month) interest rate principal × fraction Number of days × daily interest rate.

(3) The bank can choose to convert all interest calculation periods into actual days to calculate interest, that is, each year is 365 days (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is: Interest =Principal×actual number of days×daily interest rate.

These three calculation formulas are essentially the same. However, since only 360 days are used in a year in interest rate conversion, but in actual calculation based on daily interest rates, 365 days are used in a year, so the results will be slightly different. deviation. Which formula is used to calculate the specific formula? The central bank gives financial institutions the right to choose independently.