1. What is a personal unsecured small loan

A personal unsecured small loan is a financial service. It refers to a loan provided by a bank or other financial institution to an individual. A loan without any guarantee. Personal unsecured small loans generally refer to loans with a loan amount of less than 50,000 yuan, and the loan period generally does not exceed 36 months, supporting personal purchases such as cars and home decoration.

2. Advantages of personal unsecured small loans

Personal unsecured small loans have the following advantages:

1. The loan procedure is simple: only You need to provide your valid identity document, bank statement, work certificate and other information for the past three months to apply. No mortgage or guarantee is required;

2. The loan amount is large: the loan amount can reach 500,000 yuan ;

3. Flexible loan term: You can choose a suitable loan term according to your actual situation. The general term is between 6 months and 36 months;

4. Loan interest rate Low: Loan interest rates are generally between 6% and 12%, which is lower than traditional mortgages and credit loans.

3. Conditions for applying for personal unsecured small loans

1. The applicant must be a Chinese citizen and aged between 18-60 years old;

2. The applicant needs to have a normal source of income and be able to provide three consecutive months of salary flow;

3. The applicant needs to have a stable address and provide proof of address;

4. The applicant needs to have a good credit record and no bad credit record;

5. The applicant needs to have a certain repayment ability and be able to repay the principal and interest of the loan in full and on time.

4. The process of personal unsecured small loans

The process of personal unsecured small loans is as follows:

1. Prepare the information: First prepare the information, Including ID card, bank statement for the past three months, work certificate and other information;

2. Choose a loan product: Choose a loan product that suits you based on your actual situation;

3. Fill in the application form: Fill in the loan application form and submit the required information;

4. Review results: The lending institution will review the applicant's information and issue the loan after passing the review;

5. Repayment: Repay the loan on time according to the agreed time and maintain a good credit record.

5. Risks of personal unsecured small loans

There are also certain risks in personal unsecured small loans. First, the interest rate of personal unsecured small loans is relatively high. The interest rates of traditional mortgage loans and credit loans are much higher; secondly, the loan amount of personal unsecured small loans is limited, generally not exceeding 500,000 yuan; if the repayment cannot be made on time, there will be serious consequences, which may affect the to the applicant’s credit history.

6. Summary

Personal unsecured small loan is a kind of financial service. It provides the advantages of large loan amount, flexible loan period and low loan interest rate, but there are also certain Applicants need to carefully consider the risks and abide by the application conditions and loan process to avoid adverse consequences.