On March 17, 2 1 Century Business Herald reporter learned exclusively from Yingcan Consulting that all the 20 P2P online lending platforms that are mainly engaged in down payment loans have stopped down payment loans.

Xu Bei, secretary general of Guangdong Southern Financial Innovation Research Institute, told the reporter of 2 1 Century Business Herald that neither banks nor private finance will touch down payment loans in the future. But in fact, down payment loans have existed for many years. After being suppressed, the demand is still there and may appear in other forms, such as consumer credit loans and decoration loans.

In fact, after the down payment was stopped, according to the reporter of 2 1 Century Business Herald, some rigid buyers with insufficient down payment were affected and turned to find substitutes. After consulting a number of banks, small loan companies and P2P platforms as buyers, the reporter found that under the premise of compliance, there are some products on the market that can be used as substitutes for down payment loans, such as bank credit loans, P2P platform foreclosure loans, and small loan companies' products for real estate financing.

"Some loans are not called down payment loans on the surface, but they can be down payment loans." The person in charge of a small loan company told the reporter that according to the regulations, the loan cannot be used for the down payment of real estate, and the loan should explain the purpose of the funds. But if the buyers say that the loan is used for capital turnover, there is no problem. "From another point of view, it is equivalent to the money at home being used for the down payment of house purchase, so the funds are tight, so the loan is used for capital turnover."

Protagonist: bank credit loan

Lin li (pseudonym) told reporters that she recently bought a house in Guangzhou. The property price in Tianhe District of Guangzhou is close to 30,000 yuan/square meter, and the down payment is 6,543.8+0,000 yuan, but she still needs 500,000 yuan.

If in early March, she can find a P2P platform down payment. Generally, the down payment loan amount does not exceed 50% of the down payment, and the longest period is 3 years. According to Yingcan's data, the loan interest rate of down payment loan is relatively low, and the monthly interest rate is 0.62%- 1% (note: simply converted annualized income is 7.44%- 12%). This interest rate is a good choice for buyers, compared with the comprehensive bank fees 18%-22% credit loans in the previous year.

However, after the down payment disappeared, Li Lin consulted alternative products everywhere, and bank credit loans were his focus.

In fact, Li Lin is not a case. A person in charge of a P2P platform who has made a down payment loan told reporters that there are quite a few buyers with down payment loans. Previously, only on this platform, there were 30 million down payment loans every month.

In this regard, Xu Bei told reporters that many down payment products have four characteristics: credit loans, with an annual interest rate of about 10%, a loan term of less than three years, and a maximum loan amount of less than 500,000 yuan.

"Consumer credit is the most suitable substitute for down payment loans." A person in charge of P2P platform said that it is difficult for ordinary small loan companies and P2P platforms to carry out such business, because such loans have no collateral, have high requirements for borrowers' credit reporting, and the risks are difficult to control, so they need to be connected with the bank credit reporting system. Therefore, the main providers of such products are banks.

The reporter inquired about the credit products of various banks and found that most of them were similar. According to different people, it can be divided into elite loans (civil servants, teachers, doctors, institutions and other occupations), wage loans (ordinary units) and commercial loans (businessmen).

And the loan interest rates of different banks are different. Take the credit products of a commercial bank in Guangzhou as an example. The loan amount is 500,000-500,000, and the standard loan interest rate is 5% for doctors, teachers, police and civil servants every month. Ordinary units 6% 5 per month; The quality unit is 6% per month.

After comparing the credit products of various banks, the reporter found that the annualized interest rate of loans varies greatly, ranging from 6.5% to 18%. Insiders told reporters that in fact, with other fees, the comprehensive cost of many bank credit loans can reach 18%-22%.

The lowest credit product that the reporter saw was the annualized loan interest rate of 6.5%, but the requirements were higher. For example, one of the requirements is that "the monthly settlement income of accounts for three to six months shall not be less than 200,000".

Supporting role: P2P and small loan company mortgage

In addition to bank credit loans, P2P platforms and small loan companies also have some products that can be used for down payment.

Yu Baicheng, deputy general manager of Yingcan Consulting, told reporters that in addition to down payment loans, P2P products commonly used at present are foreclosed loans, which are normal loans and are not within the scope of this suspension. Foreclosure loans are mainly used to help owners pay off the principal and interest of loans and facilitate the sale of real estate. It is very convenient for buyers who change houses to improve their housing.

Take the foreclosure loans of four large P2P platforms with large loan amounts as examples. According to the data provided by Yingcan Consulting, the loan interest rates of Search Easy Loan, Search Easy Loan, Real Estate Loan and Housing Finance Institute are 1.5%, 0.6%+ service fee (unknown) and 1.25 respectively per month. Chain Home Finance did not show the related expenses online. The reporter went to the chain store in Guangzhou to consult and learned that it does not charge mortgage interest, but charges a service fee of 3% per month.

"The comprehensive monthly fee for redemption on the P2P platform is 2%-3%. The loan time is short, mostly two or three months. " A person in charge of a P2P platform with foreclosed products told reporters.

In addition to P2P platform mortgage loans, some small loan companies also provide mortgage-related products, such as Ping An Pratt & Whitney. The reporter consulted as a customer, and his loan consultant said that if people who are currently repaying their mortgages need capital turnover, they can consider excellent mortgage, which is a credit loan with a comprehensive monthly fee of 0.66%- 1.06% (simply converted into an annualized fee of 7.92%-65438).

(The above answers were published on 20 16-03- 18. Please refer to the actual situation for the current purchase policy. )

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