Conditions:

1. The lender has full capacity for civil conduct and valid identity documents.

2. The lender has no bad credit record, has stable work and economic income, and has the ability to repay on a regular basis.

3. The lender has no illegal record.

4. Other conditions required by the lending institution.

Credit loan (formerly known as Lending Bao) is a loan service launched by Ant Financial Services Group relying on Alipay. According to different sesame scores, users can apply for different loan quotas. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan. When borrowing money, users can choose to lend money to Alipay account and bound savings bank card for personal consumption, decoration, travel and so on.

202 1, 1 1 year1October, the name of the loan was changed to "credit loan", and it was clearly stated that the service was provided by the bank.

202 1 1 28, Ant borrowed the new online quota management function, and users can adjust the quota independently.

202 1, 1 1 year1October, the name of Alipay loan was changed to "credit loan", and it was clearly stated that the service was provided by the bank. Borrowing said that borrowing is gradually promoting brand isolation. Future loans will be provided by Ant Consumer Finance Company and become the exclusive brand of Ant Consumer Finance Company. Credit services independently provided by financial institutions such as banks will be displayed on the "Credit Loan" page. In the process of brand isolation, the user's service experience will not be affected, and the core processes such as account opening, audit, interest calculation and loan repayment will not change.

Credit loans don't need collateral and guarantee, and banks bear a lot of risks, so the amount is generally not too high, about ten times the applicant's salary, depending on the applicant's credit evaluation and personal qualifications. Mortgage loans have collateral, and banks bear little risk. The specific amount should be evaluated according to the value of the collateral. For example, the car mortgage loan does not exceed 50% to 80% of the car price.

According to Shanghai TV, Alipay's small loan product "Ant Borrowing" violated the relevant regulations of the central bank because of its high leverage ratio, and actively closed some user accounts to control the loan balance.

What are the terms of a credit loan?

Credit loan conditions are as follows: 1, age 18 or above; 2. The person applying for the loan is a natural person with full capacity for civil conduct; 3. Have a fixed residence in China and a fixed residence (or valid certificate) in the local town; 4. Law-abiding, no illegal acts and bad records; 5. Have a proper occupation and a stable source of income, and have the ability to repay the loan principal and interest on schedule; 6. Relevant property certificates (purchase contract, purchase contract, investment plan, etc.). ); 7. Other conditions stipulated by bank lending institutions. Article 11 of the Interim Measures for the Administration of Personal Loans

What are the terms of a credit loan?

Credit loan refers to the loan issued by the borrower's reputation, and the borrower does not need to provide guarantee.

Its characteristic is that the debtor can get a loan only by his own reputation without providing collateral or third-party guarantee, and the borrower's credit degree is used as repayment guarantee. This kind of credit loan has long been the main loan method for banks in China.

Because this kind of loan is risky, it is generally necessary to conduct a detailed investigation on the borrower's economic benefits, management level and development prospects in order to reduce the risk. At present, credit loans are mainly handled by banks, loan companies and electronic financial institutions.

Conditions for applying for a credit loan:

1. China citizens who have a fixed residence in China and a fixed residence in local towns and have full capacity for civil conduct;

2. Have a good occupation with a just and stable income and the ability to repay the principal and interest of the loan on schedule;

3. Abide by laws and regulations, and have no illegal acts and bad credit records;

4. Obtaining a personal credit rating above Grade A in China Industrial and Commercial Bank;

5. Open a personal settlement account in a bank;

6. Other conditions stipulated by the bank.

7. In addition to the above basic conditions, borrowers with one of the following specific access conditions are special access customers for credit loans:

(1) Senior and middle managers and senior professional and technical personnel who are high-quality corporate customers of banks;

(2) Personal assets of more than 2 million yuan (inclusive);

(3) Being a regional platinum card customer;

(4) Having held our personal wealth management account 1 year or more, and the average annual deposit balance of the account is more than 200,000 yuan (inclusive);

(5) It is a personal loan customer of the bank, with a loan amount of more than 500,000 yuan (inclusive) and no record of default repayment for more than 2 years (including customers whose loans have been settled).

What are the conditions for bank credit loans?

General banks require borrowers to have a second-generation ID card, proof of stable work, proof of income and proof of loan use; Personal credit status is good; There are certain restrictions on the income of borrowers. Generally speaking, the average monthly income of borrowers is not less than 4000 yuan. After submitting relevant application materials, banks can apply for loans with a monthly income of 5-8 times.

1, aged between 25 and 55;

2, working in the current unit for half a year, the average monthly income for half a year is not less than 3000 yuan, and some cities (Shenzhen, Guangzhou, Shanghai, Hangzhou) are not less than 4000 yuan;

3. There must be a credit record. Customers who have not applied for a credit card cannot apply;

4. Those with stable and sustained wage income can also be individual industrial and commercial households and business owners.

Meet the above conditions, you can apply for a bank credit loan with a minimum loan amount of 30,000 yuan and a maximum loan amount of 300,000 yuan.

Credit loan refers to the loan issued by the borrower's reputation, and the borrower does not need to provide guarantee.

Its characteristic is that the debtor can get a loan only by his own reputation without providing collateral or third-party guarantee, and the borrower's credit degree is used as repayment guarantee. For a long time, this kind of credit loan has been the main loan method of Chinese banks. Because of the high risk of this kind of loan, it is generally necessary to conduct a detailed investigation on the borrower's economic benefits, management level and development prospects in order to reduce the risk. It is mainly applicable to enterprises (institutions), legal persons, other economic organizations and individual industrial and commercial households that have been approved and registered by the administrative department for industry and commerce and conform to the general principles of loans and bank regulations.