You can log on to BMW Financial Loan official website to have a look.

Loan notes:

First, you can apply at the local bank.

(1) Application conditions:

1, Chinese mainland residents aged 18;

2. Have a stable address and work or business place;

3. Have a stable source of income;

4. Without a bad credit record, the loan cannot be used for stock trading or gambling.

5. Other conditions required by the bank.

(2) Processing flow:

1. Submit an application to a local bank or lending institution;

2. Prepare various materials required for the loan;

3. Face-to-face signing of banks or lending institutions;

4. The bank examines the qualifications of the lender;

5. Approved and successful loans.

Second, is it legal to borrow from non-bank financial institutions?

Loans from non-bank financial institutions are also legal. As long as the lending institutions have obtained the corresponding loan qualifications and the products launched meet the regulatory requirements, there will be no problem. Loans from non-bank financial institutions may also go to the credit information system, which needs attention.

However, when non-bank financial institutions apply for loans, lenders should try their best to find a genuine loan platform to avoid financial losses caused by conventional loans. Authentic loan platforms will also strictly abide by the relevant provisions on loan interest rates.

3. What is the loan interest of financial institutions? Just do the math.

Friends who often borrow money may find that finance floats within the scope permitted by law. Friends are not very clear, for example, what is the specific scope allowed by law? How much is the loan interest? Let's give you a detailed introduction and see what the loan interest of financial institutions is generally.

I. Legal Scope of Loan Interest Rate of Financial Institutions

According to the legal upper limit of "two lines and three districts", the latter is only applicable to private lending, not to financial institutions.

"Two lines and three areas" means that three areas are divided by two lines. If the annual interest rate is lower than 24%, it is guaranteed. If the annual interest rate is 24%-36%, it will not be disturbed. If the annual interest rate exceeds 36%, the excess interest will be deemed invalid, and the borrower has the right not to pay or recover.

How is the interest generally calculated?

China Post Consumer Finance is a variety of loan products under the China Banking and Insurance Regulatory Commission. Except the annual interest rate of postal savings loan is 10.80%-23.76%, the annual interest rates of other loan products are between 14.04%-23.76%, and the loan interest rate is completely protected by the judiciary.

Suppose one year, equal monthly repayment,

1, minimum annual interest rate 10.8%, total interest =594.

2. If the annual interest rate is, the total interest is = 1333.22 yuan.

In addition, the total interest under the average capital repayment method is less than that under the equal monthly repayment method, and how much less depends on the loan amount.

The above is related to the loan interest of financial institutions. According to this example, the annual loan interest is about 594.438+0-6438+033.22 yuan.