1. What is a loan?
Loan is a kind of credit activity that banks or other financial institutions lend monetary funds at a certain interest rate and must repay them. Simply put, borrowing money requires interest. According to different repayment periods, loans can be divided into short-term loans, medium-term loans and long-term loans. According to different repayment methods, loans can be divided into demand loans, term loans and overdrafts. The loan term refers to the period from the effective date of the loan contract to the date of the last loan principal or interest payment. The loan term is generally proposed by the borrower, determined through consultation with the bank, and specified in the loan contract.
Two. ICBC's loan requirements
1. A natural person with full capacity for civil conduct, aged between eighteen and sixty.
2. Have legal and valid identity certificate, household registration certificate and marital status certificate.
3, a stable source of income and the ability to repay the loan principal and interest in full and on time.
4. It has a good credit record and repayment willingness, and the borrower and its business entity have no bad credit record in China Industrial and Commercial Bank.
5. Being able to provide legal, effective and reliable loan guarantee recognized by China Industrial and Commercial Bank.
6. The borrower opens a personal settlement account in China Industrial and Commercial Bank.
As can be seen from the above, ICBC's requirements for handling loans are relatively low, and it is also convenient to handle loans. At present, there are many banks that handle loans, and most users can't choose. ICBC has been included in the list of systemically important banks, and its users are relatively guaranteed. However, most of ICBC can't handle loans in different places because ICBC can't issue loans across regions.