Are Shanghai loan companies reliable? Which loan companies in Shanghai are regular?

Shanghai is a big city with a very developed economy, so the demand for funds will be greater. Relatively speaking, everyone’s demand for loans has also increased, so the loans in Shanghai Is the company reliable? Which are the formal loan companies?

The formal Shanghai loan company is absolutely reliable. Formal Shanghai loan companies are non-bank financial institutions that are permitted by law and approved by the industrial and commercial authorities. The conditions for their establishment are also very demanding. Therefore, it stands to reason that there are relatively few formal companies.

However, many scammers in Shanghai use the company's name to deceive people, causing people to suffer losses. To judge whether a loan company is genuine, you need to start from its business qualifications.

What are the loan companies in Shanghai:

1. Shanghai Atlande Financial Services Co., Ltd. This is a formal and reliable financial services company with a national license, and the company has a highly professional business team. Compared with other microfinance companies, the credit loan amount is higher, and the disbursement speed is very fast. .

2. Shanghai Shengqian Loan Company. This company is a financial services company that provides loan guarantees and other guaranteed loan services. If you want to apply for personal consumption loans or credit loans, you can find this company. It is headquartered in Pudong, Shanghai.

3. Shanghai HSBC Company. Open a company to apply for personal loans and corporate loans. The loan amount of personal loans is between 10,000 and 300,000, with an annual interest of 10 and a monthly interest of 1. The loan amount of corporate loans is between 100,000 and 1 million, and the monthly interest is 1.

4. Shanghai Pudong New Area Yangtze River Dingli Co., Ltd. is a company approved by the Financial Affairs Office and established in accordance with the requirements of the "Guiding Opinions on Company Pilots" issued by the China Banking Regulatory Commission and the People's Bank of China. The company does not accept deposits from the public and is a new rural quasi-financial institution established by private capital. The company's registered capital is 100 million yuan.

How much can a provident fund loan be borrowed in Shanghai?

100,000. Generally, the maximum amount of provident fund loan is the account balance of 10. If it is less than 10,000, it will be calculated as 10,000. In other words, the maximum loan amount can be 100,000. It also depends on your payment base, so the maximum you can borrow is 100,000, or it may not be 100,000.

Provident fund loans also have quota limits. The loan amount is generally determined based on the time we pay and the amount of our provident fund account. The total amount of a provident fund loan is generally calculated by multiplying your monthly deposit amount by the total number of months of statutory retirement age, plus twice the balance of your provident fund account.

The housing provident fund refers to the deposits made by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, public institutions, private non-enterprise units, social groups and their employees. of long-term housing savings.

The definition of housing provident fund includes the following five aspects:

(1) Housing provident fund is only established in cities and towns, and no housing provident fund system is established in rural areas.

(2) The housing provident fund system is established only for current employees. The housing provident fund system is not applicable to unemployed urban residents and retired employees.

(3) The housing provident fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee personally. After the employee's personal contribution is withheld by the unit, it is deposited into the housing provident fund's personal account together with the unit's contribution.

(4) The long-term nature of housing provident fund deposits. Once the housing provident fund system is established, employees must make uninterrupted contributions in accordance with the regulations while on the job. Except for the employee's retirement or other circumstances stipulated in the "Housing Provident Fund Management Regulations", it shall not be suspended or interrupted. It reflects the stability, uniformity, standardization and mandatory nature of the housing provident fund.

(5) The housing provident fund is a personal housing savings deposited by employees in accordance with regulations and used exclusively for housing consumption expenditures. It has two characteristics:

First, it is cumulative, that is, housing The provident fund is not an integral part of employees' wages and is not paid in cash. It must be deposited into a special account opened by the housing provident fund management center in an entrusted bank for special account management.

The second is the special nature. The housing provident fund is earmarked for special purposes. During the storage period, it can only be used to purchase, build, or overhaul self-occupied housing or pay rent according to regulations. Employees can withdraw the housing provident fund from their accounts only when they resign, retire, die, completely lose their ability to work, terminate the labor relationship with the employer, or move out of their original city of residence.

According to our country's regulations, all enterprises should deposit housing provident funds for their employees, regardless of state-owned enterprises and private enterprises.

How much housing provident fund loan amount can be borrowed in Shanghai

The latest provident fund loan limit in Shanghai is as follows:

The maximum housing provident fund loan amount for a family is 1 million, and for an individual it is 500,000 , if there is a supplementary provident fund, the maximum family provident fund will be raised to 1.2 million, and the maximum personal loan limit will be raised to 600,000. If it is a second home, the maximum family provident fund loan limit is 800,000 yuan, and the maximum personal loan limit is only 400,000 yuan. If there is a supplementary provident fund, the maximum amount of family and personal provident fund loans are 1 million yuan and 500,000 yuan respectively.

Housing provident fund loans refer to local housing provident fund management centers using the housing provident funds paid by employees and their units, and entrusting commercial banks to provide housing provident funds to current employees who have paid housing provident funds and to employees who have paid housing provident funds during their employment. Home mortgage loans issued to retired employees. The housing provident fund refers to the long-term housing savings deposited by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees. The housing provident fund paid by employees and the housing provident fund paid by the employee's unit for employees are personal savings deposited by employees in accordance with regulations and specifically used for housing consumption expenditures, and belong to the individual employees. When an employee retires, the principal and interest balance will be paid in one lump sum and returned to the employee himself.

With the same loan amount and repayment period, provident fund loans can save tens of thousands of yuan in interest compared with commercial loans. Take a house worth 400,000 yuan as an example, with a loan of 280,000 yuan. If the commercial loan term is 25 years, the average monthly repayment is 1,721 yuan, the total payment over 25 years is 516,300 yuan, and the total interest payment is as high as 236,300 yuan. For the same provident fund loan with a term of 25 years, the average monthly repayment is 1,548 yuan, the total repayment in 25 years is 464,400 yuan, and the total interest payment is 184,400 yuan. Compared with commercial loans, the monthly payment can be 173 yuan less, for 25 years ***Save interest expenses by nearly 51,900 yuan.

With the same loan amount and the same repayment amount, provident fund loans not only have shorter repayment time than commercial loans, but also have much lower repayment interest. Similarly, if a 280,000 yuan loan is repaid at the same monthly amount of 1,721 yuan, the commercial loan will be repaid for 300 months, lasting 25 years, with a total payment of 516,300 yuan and an interest payment of 236,300 yuan. On the 251st month of repayment for a provident fund loan, that is, in the 21st year, all principal and interest have been paid off. The total payment is 430,715 yuan, and the interest payment is only 150,715 yuan, which saves 85,585 yuan in interest expenses compared with commercial loans.

Shanghai Provident Fund loan limit in 2020

The Shanghai Housing Provident Fund official website stipulates the loan limit as follows: to purchase a first home, the maximum loan limit for one person is 600,000 yuan, and for two or more people, the maximum loan limit is 600,000 yuan. The maximum loan amount is 1.2 million yuan; to purchase a second home, the maximum loan amount for one person is 500,000 yuan, and for two or more people, the maximum loan amount is 1 million yuan.

There are two ways to calculate the provident fund loan limit in Shanghai. The borrower can calculate it according to the following two methods:

1. Provident fund loan limit = the balance of the provident fund account of the borrower and the loan participant 15 times;

2. Provident fund loan amount = sum of the monthly provident fund deposits of the borrower and loan participants ÷ payment ratio × 12 months × loan limit × 40.

How much can you borrow for commercial loans in Shanghai?

1. You can get a loan of 400,000 yuan.

2. Basic requirements for commercial loans:

1) The borrower is between 16 and 65 years old;

2) Necessary loan spare parts:.

3) The lender must have stable and legal economic income and be able to provide corresponding proof of income and assets:

① The income certificate shall be issued by the borrower’s work unit and stamped with the official seal of the company (or Personnel seal), and a copy of the business license;

② Self-employed individuals, private enterprises, and private borrowers can provide tax stamps or audited financial reports and copies of the business license in the past three months;

③If the turnover does not match the income, that is, the turnover is not enough to cover twice the monthly payment, you can provide proof of other valuable assets, such as real estate, deposits, financial management, stocks, funds, etc.;

4) A natural person with full capacity for civil conduct and no bad credit record (in principle, three or six consecutive entries within 5 years, specifically based on the credit requirements of each bank's loan

whichever shall prevail);

5) Sign a valid house purchase contract or house purchase agreement with the owner;

6) Pay the down payment proportional to the house purchase.

1. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. They are generally short-term loans, usually 9 months and no more than one year at most, but there are also a small number of medium and long-term loans. This type of loan is the main component of commercial bank loans, generally accounting for more than one-third of total loans.

2. Commercial loans, also known as personal housing loans, are commercial banks and housing savings banks approved by the People's Bank of China. They provide loans for urban residents to purchase ordinary houses for self-use, and the legal loan interest rates are enforced. Many commercial banks in Beijing have this business, such as China Construction Bank and Agricultural Bank of China. The procedures for applying for a loan are basically the same. Commercial loans refer to the proportion of the balance of guarantees provided by housing purchase guarantee institutions that provide guarantees for commercial loans at the end of the statistical period.

3. Submit a loan application: After you sign the house sales contract, you can apply for a commercial loan from the bank. Whether it is a first-hand mortgage or a second-hand mortgage, you need to submit complete materials approved by the bank to the bank for review. This is the most important step in the commercial loan process. It mainly includes the original and photocopy of ID card, household register, and marriage certificate; temporary residence permit or residence permit required for foreign household registration; income certificate issued by the work unit; sales contract, down payment invoice or receipt; salary statement or other asset certificates for the past six months. In addition to the above five items of information, different banks have certain differences in their requirements for commercial loans. You must also inquire in detail about other information required by the lending bank.