Bank of Communications Huimin Loan is a credit loan product for working-class customers, with a maximum amount of 300,000 yuan. However, some people have reported that the Bank of Communications Huimin loan has the following pits:

1. The loan amount is directly credited to the special account for Huimin loan, which does not belong to the bank balance;

2. This line can only be used for cash withdrawal and credit card consumption, and cannot be transferred or used for online payment;

3. More than 50,000 cash withdrawals need to be handled at the counter of Bank of Communications outlets, and an appointment is required in advance;

4. The credit line of Huimin cannot be recovered. If it is used up, it needs to be re-applied and re-examined by the bank.

Is Bank of Communications Huimin Loan Reliable? Judging the results from these three aspects!

Many banks will provide customers with online cash loan services, and Bank of Communications is no exception. The main loan product promoted by Bank of Communications is Huimin Loan. Many people will ask whether the Bank of Communications Huimin loan is reliable before formally applying for it. In order to make everyone feel more at ease when handling loans, let me introduce the specific situation of Bank of Communications Huimin Loan.

credit institution

The Huimin loan that everyone handled through Bank of Communications was lent by Bank of Communications itself, not by other third-party institutions. With the endorsement of Bank of Communications, there is no doubt about the formality of Huimin loan. When you apply for a loan, you don't have to worry about going to into the pit.

Borrowing method

The lending method of Bank of Communications Huimin Loan is also very transparent and simple, and only the borrower needs to perform simple operations on mobile banking. Generally speaking, you only need to read the loan contract carefully and sign the relevant loan agreement to get credit.

After obtaining the formal credit, you can withdraw cash at any time through the mobile APP of Bank of Communications according to your personal needs, and withdraw the loan into your savings card.

borrowing costs

Bank of Communications Huimin loan is calculated according to the number of days of use, and generally only charges loan interest. If you don't need a loan, you don't have to bear any expenses. For people with excellent comprehensive credit, the daily interest rate can be as low as ten thousandths or even higher. This paper introduces the lending institutions, lending methods and borrowing costs of Bank of Communications Huimin Loan. Through this information, everyone should have understood whether the Bank of Communications Huimin loan is reliable.

Is the Huimin loan of Bank of Communications reliable?

Whether Bank of Communications Huimin Loan is reliable.

Bank of Communications Huimin Loan is a personal credit loan product launched by Bank of Communications, mainly for the working class. Applicants can apply with personal credit without providing any mortgage or guarantee. Huimin loan is made by Bank of Communications itself, not by other third-party institutions. The Bank of Communications Huimin loan is mainly used for consumption, and applicants are not allowed to invest in wealth management or buy real estate.

Bank of Communications Huimin loan is calculated according to the number of days of use, and no interest is charged if it is not used. Under normal circumstances, the better the personal qualification, the lower the interest rate of Huimin loan.

Extended data

1. What conditions should the lender meet?

(1) The actual age of a natural person with full capacity for civil conduct on the loan maturity date is generally not more than 65 years old;

(2) Have a permanent residence in this city and a fixed residence; Have a legitimate occupation and a stable source of income, and have the ability to repay the loan principal and interest on schedule;

(3) Willing and able to provide real estate mortgage recognized by the lender;

(4) The co-owners of the real estate recognize their loan and guarantee behaviors and are willing to bear relevant legal responsibilities.

2. What conditions should a mortgaged house meet?

(1) The property right of the house should be clear, meet the listing and trading conditions stipulated by the state, and can enter the real estate market without any other mortgage;

(2) the age of the house (calculated from the date of completion of the house)+the loan period does not exceed 40 years;

(3) Mortgaged houses are not included in the local urban reconstruction and demolition plan, and there are real estate licenses and land certificates issued by real estate departments and land management departments;

(4) The owner of the collateral can be the borrower himself or others. If another person's property is used as collateral, the mortgagor must issue a written commitment to the borrower to apply for a loan with his property as collateral, and ask the mortgagor and his spouse or other property co-owners to sign it.

3. The borrower needs to provide information for housing mortgage loan:

(1) ID card and household registration book;

(2) Personal income certificate (stamped with the official seal of the unit);

(3) A copy of the employer's business license (with official seal);

4 marriage certificate;

(5) ID card and household registration book of the borrower's spouse;

(6) The original and photocopy of the house ownership certificate and the original house purchase agreement;

(7) notarial certificate of the house owner and co-owner agreeing to mortgage and proof of loan use.

4. Loan financing, term and interest rate

The starting point of real estate mortgage consumption loan is 5,000 yuan, and the maximum amount shall not exceed 70% of the value of mortgage real estate assessment. Generally, the loan term does not exceed 5 years, and the longest loan term can reach 10 year. The loan interest rate shall be implemented according to the commercial loan interest rate stipulated by the People's Bank of China for the same period, which is conducive to repaying the principal and interest on a monthly basis.

5. Time and cycle of loan processing

The property that the customer wants to mortgage needs to be evaluated by a designated evaluation firm and an evaluation report is issued. The designated law firm shall be a good lawyer, conversation record, and the bank shall determine the loan amount and loan period after reviewing the borrower's qualification, the loan amount applied, the appraisal report and the lawyer's opinion. The borrower can get a loan after registering with the real estate bureau. It takes about 10-30 days for the customer to submit all relevant information to the bank for loan, depending on the mortgage registration time of the housing management department.