Personal loans are only for natural persons, not including legal persons. Banks generally require customers to have the following qualifications:
1, 18 -65 years old natural person with full capacity for civil conduct;
2. Legal and valid identity certificate and marital status certificate;
3. There is no illegal act and the credit status is good;
4, a stable source of income and the ability to repay the loan principal and interest in full and on time;
5. Have the willingness to repay;
6. Loans have real and legitimate uses.
Second, the loan interest rate.
The price and interest level paid by the borrower to the bank for the right to use monetary funds are reflected by the interest rate.
Interest rate = interest/principal
1, benchmark interest rate
The interest rate that drives and affects other interest rates is also called the central interest rate. The change of benchmark interest rate will directly affect the borrowing cost of commercial banks and the interest rate level of other financial markets.
2. Fixed interest rate
The deposit and loan interest rate is a fixed interest rate during the loan contract period or the deposit period of the certificate of deposit, and does not adjust with the change of market interest rate.
3. Floating interest rate
Interest rates set by banks and other financial institutions that fluctuate within a certain range around the benchmark interest rate.
4. Agreed interest rate
According to the legal loan interest rate, the floating range stipulated by the People's Bank of China and the interest rate policy, the loan bank agrees with the borrower and stipulates the interest rate of specific loans in the loan contract.
Third, the loan term.
The loan term refers to the period from the issuance of specific loan products to the agreed final repayment or settlement. The loan term of different individual loan products is different. For example, the term of personal housing loans can be up to 30 years, while the term of personal loans is only 6 months.
Fourth, the repayment method
1. One-time repayment of principal and interest when due.
The lender needs to pay off the loan principal and interest on the loan maturity date, and the interest shall be paid off together with the principal. Applicable to loans with a term of 1 year (inclusive).
2. Equal principal and interest repayment method
During the loan period, the loan principal and interest shall be repaid in equal amount every month.
3. Average capital repayment method
During the loan period, the loan principal will be repaid in equal amount every month, and the loan interest will decrease with the principal month by month.
4. Equal-ratio progressive repayment method
The borrower repays the loan with a fixed progressive amount (installment amount) in each time period, and pays off all the principal and interest before the loan term.
5. Equal progressive repayment method
The borrower repays the loan with a fixed progressive amount (installment amount) in each time period, and pays off all the principal and interest before the loan term. This method and equal ratio progressive repayment method are suitable for customers with unstable income expectations.
6. Combination repayment method
Repay the loan principal in installments, and calculate the interest according to the actual time occupied by the funds. Suitable for customers with strong financial planning ability.
7. Repay the principal and interest on a monthly basis, and repay the principal and interest in one lump sum at maturity.
During the loan period, only the interest will be repaid every month, and the loan principal will be repaid in one lump sum when the loan expires. Applicable to loans with a term of 1 year (inclusive).
Verb (abbreviation of verb) guarantee method
1, mortgage
The borrower or the third party does not transfer the possession of the legal property, and takes the property as the guarantee for the loan.
Step 2 guarantee
It is the borrower or the third party who transfers the possession of legal property and uses the property as a guarantee for the loan.
Step 3 guarantee
The guarantor and the loan bank agree that when the borrower fails to perform the repayment obligation, the guarantor will perform or assume the repayment responsibility as agreed.
Sixth, the loan amount.
Refers to the amount of loans provided by banks to borrowers in the form of money. The specific amount is determined according to the amount of mortgage guarantee, pledge guarantee and guarantee guarantee provided by the value of the property purchased by the applicant, as well as the credit status.