The method of distinguishing formal loan guarantee companies;
1. The legal text is rigorous and the operation is standardized. Old-established guarantee companies often strictly abide by national laws and regulations, and will not operate illegally for short-term interests, nor will they touch the "high-voltage line" of the industry. In operation, any violation or unexpected factors may pose a potential threat to the interests of investors, so it is necessary to formulate a rigorous legal text to clearly stipulate the rights and obligations of investors, borrowers and guarantors in the contract. Only in this way can the interests of all parties be fully guaranteed. This is also an important aspect of judging guarantee companies.
2. Fully understand the assets and social reputation of the guarantee company.
3. We can know from the guarantee company's operating years, the number of customers and the number of days without overdue.
Formal guarantee companies do not pay any fees before lending, nor will they charge any extra fees, such as home visit fees and material fees from customers.
Usually, the guarantee company has advantages: the loan amount is high-according to the regulations of most banks, the maximum amount of mortgage loan is only 70% of the appraised value of the mortgaged house, but if the borrower finds a guarantee company to operate, it is likely to achieve a satisfactory full loan result. For the same reason, some users who applied for mortgage loans even realized their desire to buy a house with zero down payment.
Low application threshold-when the application materials are incomplete and the mortgaged house does not meet the requirements, it is difficult for the borrower to apply for a loan from the bank, and the outcome often ends in failure. However, if there is a guarantee company to guarantee for you, things are expected to turn around. It is not difficult to see that another advantage of the guarantee company is to serve users who cannot obtain loans directly from banks.
The disadvantage is the rising cost of loans-there are advantages and disadvantages in finding a loan from a guarantee company. Compared with direct bank loans, the guarantee company has an extra loan guarantee service fee, which correspondingly increases the borrower's loan cost. However, if the borrower can compare the charging standards of the guarantee company, the loan cost can also be controlled to a certain extent.