The term of Liaoyang wage commercial loan shall not exceed the term of the borrower's labor contract, which is generally 1-2 years.

What are the terms of the wage loan?

1. Wage mobility requirements. Have a fixed occupation and stable economic income, and have the ability to repay the principal and interest of the loan on time. Different products have different income requirements, but the minimum amount is from 2000 yuan. In other words, as long as your monthly income reaches 2000 yuan, you can apply.

2. Entry time. Usually, banks need to work continuously in their current units for more than 6 months. Therefore, these newly hired lenders can only wait for a period of time to meet this requirement before issuing successful loans.

3. Personal credit is good. Requirements vary from bank to bank. Generally speaking, however, the minimum requirement is no more than four overdue times in the past two years, and there is no overdue record for one month in a row. That is, national civil servants, institutions with full capacity for civil conduct and employees of enterprises with good economic benefits, standardized management and stable labor force; The borrower abides by laws and regulations, and has no illegal acts, bad credit records and debts.

4. Other conditions stipulated by the cooperative bank. Wage loan is a new loan method, which enables people to use more funds in the future. What are the terms of the wage loan? First of all, there must be wage requirements to ensure that there is money to repay the loan, and then the lender's personal credit is good, as well as some other regulations of the bank.