When we borrow money, we often hear the word loan amount. What does the loan amount mean? What are the factors that affect it? Next, I'll take you to understand.
The loan amount has a great influence on us. What does the loan amount mean? As the name implies, it refers to the loan amount obtained by the borrower through financial institutions that allow lending. The factors affecting the loan amount are as follows: 1. Personal Credit The quality of personal credit is the decisive factor for the success of loan application. For lending institutions, they will check their personal credit before deciding whether to lend. Personal credit is good, and the loan amount is relatively high under normal circumstances. Once personal credit is tainted, it is not just a problem that the loan amount is not high enough. It is possible that the lending institution will not lend at all, and even if it is mortgaged, the loan amount will be adjusted very low. 2. Personal work attributes When applying for a loan, personal work attributes will also affect the loan amount. In general, civil servants, doctors, business managers, teachers, etc. The application amount is high, and the application amount of sales staff and service personnel is relatively low. Because the income of sales staff and service personnel is unstable and the repayment ability is weak, in order to avoid risks, lending institutions generally do not give higher quotas to personnel. 3. Personal income level Personal income level is the standard to measure whether the borrower has repayment ability, so the higher the income level, the higher the corresponding amount. In general, the loan amount of a borrower is ten times its income, and different lending institutions have different requirements for its income according to the repayment amount of the borrower. But the amount is still determined according to income. After all, no lending institution is willing to face bad debts. There are three ways to solve the problem of insufficient loan amount. To sum up, what is the significance of the loan amount? These are the answers. After clarifying its meaning, you should also apply for a loan according to your actual situation and refuse to apply blindly.
Second, what kind of loans are slightly higher?
Different lending institutions, different types of loans and different quotas.
For example, at present, China Merchants Bank has a personal car consumption loan, which is issued by our bank to customers who buy brand-new non-operating cars in their own names in cash. (Second-hand car loans are not supported at present) The dealers here have taken a fancy to the car you need to buy and can cooperate through the car dealership. If not, you can try to apply for your loan in the personal loan department at the counter. Does the handling bank need to handle it? The maximum loan amount shall not exceed 70% of the price of the purchased vehicle (excluding various additional taxes and premiums); The loan term is generally not more than 3 years, and the longest is not more than 5 years. Specifically, you can explain where you judge whether there is such a loan in the local area.
Three. What is the loan amount?
The loan amount is the amount that the bank thinks the borrower can borrow after comprehensively evaluating the applicant's credit and repayment ability. The actual loan amount must be less than or equal to the loan amount!