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Financial journal

Sanwei digest

First music station

Authorization reprinted from: Xiao Heng Fortune Channel (ID: xiaohengcaifu)

We all know that insurance policies can be used for loans, and banks also have housing mortgage loans and personal business loans. Is there a difference between the two? An expert looks at the doorway, a layman looks at the excitement. Today, Zhang Huan, the eldest brother of the first disciple class, brought us a detailed analysis:

I. Bank loans

1? High loan amount: registered capital, personal income, lender's identity or nature, enterprise loan industry, etc.

2. Mortgage (pledge) guarantee conditions are relatively high;

3? Complicated loan procedures: feasibility report, financial statement or personal income status, account status, etc. ;

4? Slow loan approval: one month to one year, or even longer;

5? The loan approval and lending process is complicated: the time is almost uncontrollable or uncertain;

6. The result of examination and approval is uncertain: whether the loan can be made or not, and the loan amount is uncertain;

7? High loan cost: low interest rate of 5%- 12%, other fee income;

8? The purpose of the loan is limited: in most cases, it cannot be paid independently;

9? There are geographical restrictions on loan placement;

10? Limited by the bank's own credit scale;

1 1? Restricted by bad credit records;

12? If you can't repay in full and on time, it will form a bad credit record;

13. If you want to renew the loan, you must reapply and re-examine it in advance, and it is uncertain whether you can renew the loan;

14, cannot be borrowed or returned.

Second, the policy pledge loan

1? There is almost no threshold for loans, and in theory, you can buy insurance;

2. The guarantee conditions of mortgage (pledge) are very simple and can be ignored;

3? The loan procedure is simple and there is almost no need to submit information;

4? Fast loan approval: one to three working days to approve the loan;

5. Self-service operation can be realized on official website, mobile phone or bank self-service equipment;

6? After approval, the loan amount has clear certainty, and there is almost no uncertainty in lending;

7? Low loan cost: at present, the interest rate of applying for policy pledge from insurance companies is generally 4.25%-4.85%, which is basically at the basic interest rate of bank loans, and there is no other fee income;

8? Freedom of loan use: completely independent payment;

9? Whether there are geographical restrictions on loans;

10? Not limited by the scale of bank credit;

1 1? Not restricted by bad credit records of banks;

12? Loans can be automatically recycled. If the repayment cannot be made in full and on time, the principal and interest will be automatically extended.

13, which can be borrowed and returned.