The business feature of credit loan is that the debtor can get a loan only by his own credit level without providing collateral or third-party guarantee to the lending institution.
This loan form has long been the main loan form of China banks. Because the credit loan is risky, banks will carefully and rigorously investigate the borrower's economic benefits, management level and development prospects when accepting such loan applications, so as to control the risk level.
Although credit loans used to be aimed at enterprises and institutions, many financial institutions have also launched personal credit loans. Personal credit loan means that banks or other financial institutions issue RMB loans to individual borrowers with good credit level without providing guarantee. Under normal circumstances, when an individual applies for a credit loan in a bank, the bank will put forward certain requirements for the use of 1i loan funds. Banks usually stipulate that loan applicants cannot use loan funds for production, operation and investment areas explicitly prohibited by the CBRC. When applying for a loan, the borrower must provide a certificate or statement on the use of funds.
Under normal circumstances, borrowers need to meet all the following application conditions when applying for personal credit loans:
1. China citizens who have reached the age of 18 and have full capacity for civil conduct;
2. Having a permanent residence in China and a permanent residence in a local town,
Three, have a legitimate occupation and stable income, have the ability to repay the loan principal and interest and the hospital;
4. No illegal acts and bad credit records;
5. Personal credit level is good;
Six, open a personal settlement account in the borrowing bank;
Seven, other conditions stipulated by the bank.
Advantages of credit loans:
First, for some professions, it is easy to apply.
Second, there is no need to pay interest.
Third, don't mortgage the property.
Fourth, the single amount is not large and it is flexible to use.