An unsecured loan refers to a loan that you apply for from a bank without any collateral, but only with identification, proof of income, proof of address and other materials. Banks issue loans according to personal credit, and the interest rate is generally slightly higher than that of mortgage loans. Customers can choose the loan term according to their individual circumstances, and then sign a loan contract with the bank. So, how to handle unsecured loans? Let's get to know it together! What is an unsecured loan

Unsecured loans are also called unsecured loans or credit loans. You don't need any collateral, just identification, income proof, address proof and other materials, as well as the loan you applied for from the bank. Banks issue loans according to personal credit, and the interest rate is generally slightly higher than that of mortgage loans. Customers can choose the loan term according to their individual circumstances, and then sign a contract with the bank, which is guaranteed.

Characteristics of unsecured loans

1. No mortgage: no real estate mortgage is required;

2. Convenient application: the application procedure is simple and fast, and the application hotline, website, designated acceptance point and fax can be easily applied;

3. Long cycle: choose your own loan period at will, and the longest loan period can reach 36 months;

4. High credit line: According to the comprehensive evaluation of your income and credit status, the maximum loan line can reach 500,000 yuan;

5. Fixed interest rate: This loan has a fixed interest rate and is not affected by the fluctuation of market interest rate, thus reducing interest rate risk and enjoying preferential treatment.

Applicable object of unsecured loan

Applicants generally need to be China citizens aged 25-55, who are in good health, have a local hukou or have lived there for one year, and have a certain normal income.

Information needed for personal unsecured loans

1, valid identity certificate of the borrower;

2. Proof of permanent residence or valid residence, and proof of fixed residence;

3. Proof of marital status;

4. Proof of income or personal assets;

5. Loan use plan or statement.

How to handle unsecured loans?

1, loan application materials need to be submitted to the loan company;

2. Wait for the preliminary examination after submitting the materials;

3. The loan company shall examine and approve the loan application that meets the loan conditions through preliminary examination and credit investigation;

4. After approval, notify the borrower to go through relevant procedures such as contract signing and loan issuance;

5. After the loan contract comes into effect, the loan will be issued.