From the name point of view, consumer loans are mainly used for transactions, such as house decoration, car purchase, home appliances and furniture purchase, as well as expenditures on culture, education, holiday travel and weddings. , and can't be used to buy a house; Generally speaking, the amount of my consumer loan does not exceed 500,000 RMB, and the interest rate is usually between 8%- 18% according to my credit rating, and the repayment date generally does not exceed 4 years at most.
At present, some financial companies are gradually involved in consumer loans. Housing loan is a key loan, and its credit limit is judged according to the qualification level of personal income and property. Credit lines range from hundreds of thousands to millions, and loan interest rates are generally adjusted according to changes in China's policies, and the longest loan period can reach 30 years. All three can take equal principal repayment or equal principal and interest repayment.
What are the uses of consumer loans? 1, buy a large amount of durable consumer goods or luxury brands. Nowadays, many people want to buy expensive products, but they are not enough, so they will choose consumer loans to solve the financial problem, such as car purchase, digital appliances, jewelry and so on.
2. Get married. Getting married now costs a lot of money, ranging from tens of thousands to tens of millions. Some families can't afford that much money for the time being, so they can choose to apply for consumer loans to pay most of the expenses.
3. Cultural education. Whether wage earners improve their continuing education or send their children to study abroad, consumer loans can solve the difficulties.
4. Travel on holiday. Now some popular tourist attractions have been visited for a long time. If you spend more money, you can also use consumer loans.
The capital use of housing mortgage loan and consumer loan requires that the use of housing mortgage loan generally includes buying a house, buying a car, home decoration, studying abroad, medical tourism, buying large and medium-sized durable goods, etc. , can be used for commercial purposes, such as company capital turnover, self-employment, etc. The following are some relevant regulations of banks on the use of loan funds.
Yinlv. com shows that banks have certain requirements for the use of loan funds by borrowers when handling mortgage consumer loans. When applying for a loan, the lender shall explain the purpose of the loan funds to the bank. In addition, when loans are allowed, lenders are required to provide corresponding certificates for the use of loan funds, in order to improve the supervision of the inflow of loan funds.
Avoid all possible loan fraud, the use of loan funds in the field of stock risk, the term of loan discount and the relevant provisions on the implementation standards of interest rate products. Generally speaking, the discount of housing mortgage loan is the housing evaluation coefficient, and the loan term is the annual interest rate of the loan, which should be increased by 10% on the premise of the standard annual interest rate.