BOC E-Loan is a consumer loan product of Bank of China. The maximum loan amount of BOC E-Loan can reach 300,000. The annual interest rate of BOC E-Loan is calculated by multiplying the daily interest rate by 365 days. The interest rate is determined based on the credit score of the loan applicant, and the annual interest rate is as low as 5.4%. Compared with the national one-year loan benchmark interest rate of 4.35, it is still not particularly high. BOC E-Loan is valid for 12 months from the day the loan is issued. There are two main repayment methods for Bank of China E-loan. One is to repay the loan in one lump sum after the 12-month period is up, and the other is to repay the loan in installments. Because the Bank of China E-loan is only valid for 12 months, its installments The maximum limit is 12 months.
It should be noted that the interest of Bank of China E-loan is calculated on a daily basis, so when using it, please note that the interest needs to be repaid once a day. If you do not use the loan, you do not need to pay interest. The current processing paradigm of Bank of China E-loan is relatively simple, and the entire process can be processed through Bank of China mobile banking.
BoC E-Loan will limit the age of borrowers. Only those between 18 and 60 years old can apply for loans. Not only that, the lender must have a relatively good personal credit record, because the annual interest rate is determined according to the personal credit record. The better the personal credit record, the lower the annual interest rate will be. Users of Bank of China E-loan cannot have multiple online loans, otherwise the approval rate will be very low.
Applying for BOC E-loan can be done through the Bank of China mobile banking client. After entering your personal online banking account through the account number and password, find the loan BOC E-loan on the relevant page, and then click After activating, filling in your contact information and signing the agreement online, submit your loan application. Five working days later, after waiting for approval from Bank of China, log back into the Bank of China E-Loan page of mobile banking and click Withdraw. Then select the loan purpose, amount and term as needed, and enter the mobile phone verification code and dynamic password. Finally, you will be successful. Withdrawal, please note that the withdrawn funds will arrive immediately.