Zhanjiang credit loan line
In general, the credit loan amount is about 5-10 times of the borrower's monthly income level. In the specific application, the lending institution will also determine the loan amount according to the borrower's credit standing.
Zhanjiang credit loan interest rate
The credit loan interest rate of state-owned banks generally rises by 30%-60% on the basis of the benchmark interest rate, while the annual interest rate of joint-stock banks is between 9% and 20%. For example, the annual interest rate of China Merchants Bank's credit loan is 12%. Other lending institutions, such as small loan companies and online loans, will have higher interest rates.
Term of Zhanjiang credit loan
The term of credit loan is generally between 1-3 years, and the longest is no more than 5 years.
Repayment method of Zhanjiang credit loan
There are one-time repayment, monthly interest payment, average capital and matching principal and interest to repay the loan.
Zhanjiang credit loan conditions
1. The borrower is a China citizen who has reached the age of 18 and has full capacity for civil conduct;
2. Have a stable source of income as repayment guarantee;
3. Personal credit record is good, and there is no bad credit record in other lending institutions;
4. There is a clear purpose of the loan, and it shall not be used for illegal activities such as investment, stock trading and gambling;
5. Other conditions required by the lending institution.
Zhanjiang credit loan process
1. Fill in the loan application form at the lending institution and submit the application materials required by the other party;
2. Lending institutions accept applications and approve loans at different levels;
3. After approval, both parties sign a loan contract or agreement;
4. Lending institutions lend money, and borrowers repay the loan principal and interest on schedule.