I believe everyone has heard some knowledge about loans in life, but in fact few people have a certain understanding of personal loans. What is a personal loan? What is an unsecured loan? What are the requirements for a personal unsecured loan? On this issue,

Lawyer Liu Jianwei has compiled the following conditions for personal small loans for your reference. I hope it will be helpful to you.

1. What are the conditions for personal small loans?

1. High-shore traffic

When applying for a bank credit loan, the bank will examine the borrower's repayment ability, so it will require the borrower to provide bank statements for the past three months. Generally, the higher the borrower's bank flow, the stronger the borrower's financial ability, and the better his credit rating with the bank, the more favored he will be by the bank.

2. Stable job and income

3. Good personal credit record

Applying for a personal credit loan does not require the borrower to provide collateral. The borrower's personal creditworthiness. Banks or lending institutions attach great importance to the borrower's personal credit in order to reduce loan risks. Having good personal credit will also increase your chances of success when applying for a loan.

2. What issues should you pay attention to when applying for a personal unsecured loan?

1. Don’t believe that you can borrow money just by showing your ID card.

When applying for a personal unsecured loan, although the borrower is not required to provide a mortgage or guarantee, any lending institution must review the borrower's repayment ability. Lenders will use your ID card to determine whether you have the ability and strong willingness to repay. If you don’t have the answers to these questions, don’t believe you can apply for an unsecured loan with just your ID card.

2. It is best to visit the lending institution in person.

After finding a lending institution online, it is best for the borrower to visit the lender in person to see if it has a fixed business location, business license, etc. thereby determining their authenticity. If you ask for a home visit and the other party refuses for various reasons, then you must be careful.

3. The loan contract must be signed in person.

Personal unsecured loans require a loan contract. When formal lending institutions sign a loan contract, they will require the borrower to come to the company to sign in person, so if the lending institution does not require you to come to the company to sign in person, it is better to be careful at this time.

4. Don’t pay any fees easily before lending.

Be careful when choosing a lending institution to avoid falling into the trap of scammers. Institutions that charge excessively high loan interest rates are definitely breaking the law. In addition, institutions that charge pre-loan fees must be scammers, because formal lending institutions stipulate that they will not charge any fees before lending to borrowers.

The above content is the specific content about personal small loan conditions brought by lawyer Liu Jianwei. Be sure to pay attention when you need a personal loan. Formal unsecured personal loans require proof of identity, income, address and other materials to apply for loans from banks, loan companies and other institutions. The bank will entrust the corresponding law firm to conduct a preliminary review, and then the bank will review and approve the loan before issuing the loan. Related questions and answers: