Loans seem to be a very simple matter, that is, borrowing money from others and then paying back the money with interest. In fact, loan is a very professional technical job. If you don't know some financial knowledge, it's easy to be cheated. To this end, Jingnuo Group has summarized some practical loan knowledge based on many years of loan business experience, hoping to help everyone.
In order to help you better learn and understand the loan-related knowledge, Jingnuo Group divides the anti-fraud manual into five parts: basic knowledge, credit reporting, business, advertising and ultimate.
Basic knowledge articles
In this part, Jingnuo Group will introduce some practical loan basics to you in the form of questions and answers.
1. What are the common loan forms? What are their characteristics and advantages?
Loans are divided into "credit loans" and "mortgage loans".
2. What's the difference between a "lender" and a "borrower"? In the process of lending, most people don't know what is a "lender" and what is a "borrower".
Lender: refers to individuals or financial institutions that use credit funds or their own funds to issue loans to borrowers in lending activities, generally referring to commercial banks and central banks.
Borrower: refers to an enterprise, institution or individual that borrows monetary funds from a lender with its own credit or property as a guarantee or a third party as a guarantee in credit activities.
Simply put, if you borrow money from a bank, you are the borrower and the bank is the lender.
3. What are the common repayment methods?
Common repayment methods are: average principal, equal principal and interest, one-time principal and interest repayment, interest first and principal later, and their respective characteristics are as follows:
4. What is the benchmark interest rate? What will float? The benchmark interest rate is the deposit and loan interest rate uniformly stipulated by the People's Bank of China, which is used to guide the deposit and loan business of commercial banks. Commercial banks can float on the benchmark interest rate according to market conditions and borrowers' conditions.
The main reason for the increase in loan interest rate is that the market demand for loans is greater than the supply of funds. Simply put, banks are short of money. In addition, the borrower's own credit status is not good, and the bank thinks that the loan risk is too high, so it raises the interest rate.
5. What is the loan process? What are the steps? The loan process is mainly divided into four parts: pre-loan investigation = loan approval = loan issuance = post-loan management.
6. "3% interest", how much interest is 3%? Annual interest rate 1%, monthly interest rate 1%, daily interest rate 1% and 0.0 1%.
When you hear what percentage of interest, you must know whether it is annual interest rate, monthly interest rate or daily interest rate. The specific algorithm of interest rate will be discussed in detail later by Jingnuo Group. Warm reminder, many people bear high interest rates because they can't calculate interest rates.
7. What is usury? A loan whose interest rate exceeds 4 times the interest rate of the same grade loan (excluding floating) is usury. Simply put, an annual interest rate of more than 24% is usury.
8. What is a routine loan? Loans for the purpose of encroaching on the borrower's real estate and property are conventional loans.
9. What is "empty"? I can give you money without mortgage, which is actually usury.
10. What is "naked loan"? Loans issued by taking photos or videos of borrowers holding ID cards as objects instead of IOUs. In the event of default, the lender forces the borrower to repay the loan by exposing nude photos and contacting the borrower's parents. Usually the borrowers of naked loans are young and beautiful women.
The above is the basic knowledge of common loans compiled by Jingnuo Group for everyone, and I believe it will be helpful for your future loans. Please pay attention to the follow-up content. If you have loan demand, please consult.