After the Bank of China e-Loan quota expires, users need to resubmit an application for continued use. After submitting the application, Bank of China will re-evaluate and review the user. This is usually completed within one working day. Therefore, the previous quota has expired. As long as the application passes the review, the quota will be available one day later. After obtaining the quota, whether the user can apply for a loan immediately depends on the specific regulations of the Bank of China. If there is no quota, you can only wait for a period of time and resubmit the application for the system to evaluate. Bank of China e-Loan adopts a repayment method of borrowing and repaying at any time, so it is generally calculated based on the daily interest rate. The daily interest rate is differentiated according to user qualifications, and can be as low as 5.22 per annum. Generally speaking, the daily interest rate for ordinary people is around 0.02, and the annual interest rate is around 0.02. The loan interest rate is 7.2. It can be seen that the annual interest rate span of Bank of China e-Loan is relatively large. You can check your individual specific loan interest rate on your application page.
(1) The application conditions for Bank of China e-loan are as follows:
1. The applicant is a high-quality customer of Bank of China, such as a payroll customer, a wealth private banking customer, a mortgage customer, and a provident fund depositor. /Social security/tax customers, etc.;
2. Loans can only be used for reasonable personal consumption such as home decoration, car purchase, education, medical care, etc., and cannot be used for investment or illegal fields;
3 , Personal central bank credit report is good, no bad credit stains
(2) How long does it take for BOC e-loan approval?
Generally speaking, the approval result of Bank of China e-Loan will come out within a few minutes, and it will not exceed one day at most. If it is still being approved after one day, it will basically not be approved.
Customers who have deposits, financial products and other financial assets in banks or have housing loans are more likely to be approved by BOC e-Loan
(3) How to freeze the BOC e-Loan quota? Unfreezing
The reason why the Bank of China e-loan quota needs to be frozen is because if the agency salary has been zero for more than 3 months and the personal credit report is overdue, then you need to solve the problem before applying for unfreezing. . If there is overdue repayment during the use of BOC e-Loan, you need to pay off the outstanding balance, then call the BOC e-Loan customer service number, explain the reason for the overdue payment to the customer service, and then apply for unfreezing.
(4) Product Description
Bank of China uses the Internet and big data technology to deposit provident funds/social security for high-quality payroll customers, wealth private banking customers, mortgage customers, and in some areas /tax customers, etc., provide full-process online credit consumer loan services, allowing you to enjoy the convenience and efficiency of online application, instant approval, real-time withdrawals and flexible repayment without leaving home.
1. Loan amount: up to 300,000 yuan.
2. Loan period: The loan limit is valid for 12 months. The borrower can recycle the limit during the limit period and reactivate it after the limit expires.
3. Loan purposes: Loans can be used for legitimate and reasonable personal consumption expenditures such as home improvement, car purchase, education, medical care, etc., and shall not be used for non-declared purposes and personal expenditures prohibited by laws and regulations.
4. Usage method: The credit limit can be used repeatedly during the validity period and can be borrowed and repaid at any time. The loan accrues interest on a daily basis based on the actual number of days the loan is used.
5. Repayment methods: A single payment can be repaid by one-time repayment of principal and interest when due, monthly interest payment and repayment of principal when due.
6. Guarantee method: Credit loan, no mortgage guarantee is required.
BoC E Loan determines the annual loan interest rate based on the borrower's comprehensive credit situation, and then calculates the specific loan interest based on the borrower's loan period. Under normal circumstances, the better the borrower's overall credit, the lower the loan interest that needs to be paid.
Bank of China e-loan calculation method: Borrowing day interest rate = Borrower’s annual loan interest rate ÷ 360.