First, China Bank enjoys the threshold of loan application for consumer finance.
To apply for Lexiang Loan, you need a mainland citizen aged 18-65, who has a stable job and income in the place where you apply, and the applicant has a good credit record and a real estate in his name. You can submit application materials on site and apply for real estate mortgage. Relatively speaking, the threshold is relatively low, up to 200,000, as long as you have suitable collateral.
Second, the loan interest rate.
The annual interest rate range of BOC consumer finance exclusive loan is different in different regions and customer qualification rates, which is relatively higher than bank mortgage loans, but its advantage lies in its simple application and fast payment, which can be obtained within a few working days. Bank mortgage loan has many processes and long review time, and sometimes it may not be paid for half a month, which may be more inconvenient for users who need money urgently.
3. Is Lexiang Loan overdue for credit reporting?
Bank of China Consumer Finance is a banking financial institution, which is funded by Bank of China. Therefore, a platform with a banking background will check the credit information and also check the credit information. Once in loans overdue, a late payment fee of about 5/10000 of the loan balance will be charged on a daily basis, which will also have an impact on personal credit reporting. So I suggest you repay the loan in time.
To sum up, Lexiang Loan is a kind of mortgage loan with simple application and quick payment, which is very suitable for users who are in urgent need of large capital turnover and can solve problems quickly.