1. What is the automatic lending of China Merchants Bank?
(1) China Merchants Bank's "auto-lending" business aims to enable users to automatically renew their loans without leaving home.
(2) Automatic lending is a new personalized service launched by China Merchants Bank. As long as the customers who have applied for micro-mortgage loans in China Merchants Bank have good credit standing, meet the settlement requirements and pass the examination and approval, China Merchants Bank will automatically issue a new loan before the loan expires, and return the remaining principal of the restored loan to the customers. The customers only need to repay the interest of the new loan on time and repay the principal at maturity.
second, the benefits of automatic loan renewal.
(1) The "auto-lending" function introduced by China Merchants Bank means that repayment at maturity is not the only criterion for renewing loans, but more attention is paid to the usual business conditions of enterprises and the personal reputation of small and micro business owners.
(2) After the customer applies for "automatic lending", China Merchants Bank will inform the customer of the approval conclusion by phone or SMS. The approved customer does not need to go to the bank to re-sign the contract and go through the formalities, but only needs to log in directly through the received SMS link and complete the automatic lending with "one-click confirmation". It greatly facilitates people's lives and improves the efficiency of loans, which is very popular.
third, the difference between renewing the loan and renewing the loan without repayment and the similarities.
(1) * * * the same point. The two kinds of loans are handled in similar forms, and both of them are paid off by newly issued loans.
(2) differences.
1. As the name implies, there is no need to reduce the principal; Borrowing the new and returning the old requires a 1% reduction in the principal. It should be noted that commercial banks may have different specific requirements.
2. In principle, it is necessary to report the loan renewal without repayment of principal three months in advance, and handle it in advance before the original loan expires; Borrowing the new and returning the old often means that the bank and the borrower will play a game for a period of time before the original loan expires, and the declaration will be made soon after the loan expires, and the loan will be issued on the same day or even after the loan expires.