Do you really need a loan? Which product is the most suitable?
First of all, you must think about whether you need a loan or not, and make sure that you need another loan. After all, loans have interest. Secondly, you must be clear about your personal repayment ability before lending. How much will it cost? It is convenient for you to screen the loan products that suit you.
In addition, understand the advantages and disadvantages of loan products, such as interest rate, term, amount, whether guarantee is needed, and whether the procedures are complicated. When these are clear, then combine the advantages and disadvantages and choose the loan product that suits you best.
Don't sign a contract blindly, the more comprehensive the contract, the less controversial it is?
When signing a small loan contract, try to ensure that the loan contract is comprehensive. Think more when you sign it. If there are problems in the future, it will provide a lot of convenience to solve disputes according to the rules.
You may need to pay attention to the following points:
1, interest rate
According to the new private lending law, those with an annual interest rate below 24% are protected and those with an annual interest rate above 36% are returned. If the interest is between 24% and 36%, you don't have to pay it back if you have already paid it. What needs to be noted here is the relationship between rates and interest rates. Low interest rate is not equal to low interest rate.
2. Repayment method
When applying for a loan, you also need to choose the appropriate repayment method according to your personal situation. For example, the repayment method of average capital and equal principal and interest determines how much interest you pay. In addition, we should also consider whether to pay interest first, repay the principal and interest at maturity or mortgage repayment.
3. Advance payment
If there is a certain expectation of future income, considering the possibility of prepayment in the future, we must consider whether the loan product itself can be repaid in advance, whether it is necessary to pay liquidated damages and whether the interest has changed. These problems may even affect your personal credit information.
4. Write down the personal information of both borrowers and borrowers.
In order to avoid the situation of the same name and surname, and to facilitate the court to issue a summons when the dispute is filed, it is necessary to indicate the names, ID numbers, addresses and other information of both borrowers and borrowers.
(The above answers were published on 20 17-0 1-28. Please refer to the current actual purchase policy. )
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