The longest loan period of BOC e-Loan

The maximum loan period of BOC e-Loan can be one year.

The credit limit of Bank of China e-Loan is generally valid for one year. During the validity period, the borrower can recycle the loan. Once the validity period expires, the credit limit cannot be continued. If the borrower still wants to use BOC e-Loan, he or she can resubmit the loan application to Bank of China and wait for approval by the staff. After approval, the new credit line can be used again.

What is BOC e-Loan?

BOC e-Loan is a small credit loan of Bank of China. The loan limit is up to 300,000 yuan. It can be applied for without providing mortgage or guarantee, and it can be applied at any time. Borrow and return.

If users want to apply for Bank of China e-Loan, they can apply according to the following methods:

1. Apply via WeChat. Follow the "Bank of China Micro Bank" official account on WeChat, click "Micro Services" - "More Functions" after entering, and then click "Bank of China E-Loan Application" in My Loans.

2. Mobile banking application. Install Bank of China's mobile banking APP on your mobile phone, click "Loan" after entering, and then select Bank of China e-Loan to apply. Can the Bank of China e-loan quota be recycled?

The BOC e-Loan quota of Bank of China can be recycled, but revolving borrowing can only be done within the validity period of the BOC e-Loan quota, and the validity period of the BOC e-Loan quota is 12 months. Once the loan limit expires, it needs to be reactivated before it can be used again. It should be noted that during the revolving borrowing period, interest is calculated on a daily basis based on the actual number of days the loan is used.

Extended information:

BOC e-Loan is a personal online consumer loan service launched by Bank of China on its official online banking. It uses the Internet and big data technology to provide high-quality customers with a full online process. credit consumer loans. As long as you become a special customer of Bank of China, you can enjoy the convenient services of online application, quick approval, online withdrawal, and flexible repayment without leaving home.

Bank of China E-Loan is currently only for the bank’s high-quality payroll personal users, and will be expanded to other existing users and external users in the future. The maximum usage limit does not exceed 300,000, the limit can be used repeatedly, and the loan is issued directly To the account designated by the applicant

1. Loan amount: up to 300,000 yuan

2. Loan period: The loan limit is valid for 12 months. The borrower can recycle this amount.

3. Loan purpose: The loan can be used for legitimate and reasonable personal consumption expenditures such as home improvement, car purchase, education, medical care, etc., and shall not be used for non-declared purposes and prohibited by laws and regulations. Personal expenses.

4. Usage method: The credit limit can be used repeatedly and repaid at any time.

5. Repayment is based on the actual number of days of use. Method: A single payment can be repaid in one-time payment with interest and monthly interest, etc.

6. Guarantee method: Credit loan, no mortgage guarantee is required.

Loan interest:

Interest is calculated on a daily basis. The daily interest rate is differentiated by enterprise and can be as low as 5.22% annualized. Generally speaking, the daily interest rate for ordinary people is around 0.02 , the annual loan interest rate is 7.2. Bank of China will re-evaluate the customer's qualifications every year. At this time, the loan interest rate will also be adjusted accordingly.

Process:

1. Log in to online banking. Or download and install the "Bank of China Mobile Banking" client, click "Loan - BOC E-Loan", and operate according to the corresponding prompts on the page;

2. Click to activate, fill in the contact information and sign the agreement online, then submit Loan application;

3. After approval, click Withdraw, select the loan purpose, amount and term as needed, and enter the mobile phone verification code and dynamic password. The funds will be credited immediately after the withdrawal is successful.

Does anyone know about Bank of China E-loan?

In order to better provide a full range of financial services to the faculty and staff of your school, Bank of China E-Loan is specially launched for your school staff with no mortgage, no guarantee, low interest rates and fast approval. E-loan special loan business can solve the consumption needs of your school employees.

Detailed content:

No guarantee, no mortgage, you can easily handle it at home with just a few clicks. This business is for your school employees. No guarantee from others, no property mortgage, no need to go to the bank. You can easily handle complicated procedures through online banking, mobile banking, and online financial supermarket APPs.

The approval limit is high, up to 300,000 yuan.

The loan period is flexible, and the loan limit is valid for 12 months. The borrower can recycle the limit, and the loan period is minimum 1 month.

Exclusively for employees of your school, you can enjoy low interest rates. The daily interest rate is only 1.55/10,000 (annual interest rate is 5.58). The interest rate is the lowest in the similar loan industry.

Approval takes one second. After the quota is activated, you can withdraw money at any time. The withdrawal will arrive in your account in one second after submission.

The repayment method can be one-time repayment of principal and interest when due, monthly payment of interest and repayment of principal when due, etc. Both methods can be repaid in advance. Borrow and repay at any time, no penalty. After online withdrawal, interest will be calculated based on the actual number of days the funds are used. What is the interest rate of Bank of China E-loan?

The interest rate of BOC E-loan is the annual interest rate. The specific interest calculation for each loan is based on the loan balance of the loan, the number of borrowing days, and the interest rate on the borrowing day (annual interest rate shown to you/360).

For example: the loan balance is 100,000 yuan (annual interest rate 6), the monthly interest = 100,000 (loan balance) * 30 (actual number of days) * 6/360 (daily interest rate) = 500 yuan.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses.