What is a personal loan?

Personal loans are principal loans provided by lenders (general commercial banks) to individual consumers or households for personal consumption, production and operation, etc., with stipulated loan interest and an agreement to repay the principal on schedule. Interest-paying loans are used to purchase self-occupied housing, consumption or small investment operations.

The personal loans provided by various banks are different, and generally include the following types: personal housing loans, personal automobile consumption loans, personal durable consumer goods loans, personal business loans, personal valuable documents and Personal small credit loan.

What are the types of personal loans?

The types of personal loans are:

1. Personal housing loans

1. Personal housing commercial loans

Personal housing commercial loans , is a self-operated loan issued by bank credit funds. It refers to a natural person with full capacity for civil conduct who, when purchasing a self-occupied house in an urban area in this city, uses the property ownership house purchased as collateral to apply to the bank as a guarantee for repayment of the loan. Housing commercial loans.

2. Personal housing provident fund loan

Personal housing provident fund loan is an entrusted loan issued by the policy-based housing provident fund. It refers to employees who have paid housing provident fund to purchase goods in cities and towns in this city. , when constructing, renovating or overhauling a self-occupied house, a housing provident fund loan is applied to the bank with the property owned as collateral and as a guarantee for repayment of the loan.

3. Personal housing portfolio loan

Any borrower who meets the conditions for a personal housing commercial loan and deposits the housing provident fund at the same time can also apply for a personal housing commercial loan with the bank. To apply for a personal housing provident fund loan, that is, the borrower can use the purchased urban self-occupied house in this city as collateral to apply for a personal housing provident fund loan and a personal housing commercial loan from the bank at the same time (this loan method is referred to as a personal housing portfolio loan).

2. Personal automobile consumption loans

3. Personal durable consumer goods loans

4. Personal consumption loans

5. Personal small amounts Credit Loans

Personal small credit loans are RMB credit loans issued by banks or other financial institutions to borrowers with good credit without providing guarantees. Based on personal credit and repayment ability, the amount generally does not exceed 100,000-200,000, and the loan period ranges from 1-2 years.

What are the types of personal loans?

The personal loans provided by various banks are different, and generally include the following categories: personal housing loans, personal car consumption loans, personal durable loans Consumer goods loans, personal business loans, personal valuable documents and personal small credit loans.

Those who need loans can consult the bank's credit department, which is just like the marketing department in a company. It is the key department for banks to obtain profits. It is responsible for absorbing large deposits, approving credit, collecting and disbursing loans. loan. At present, personal loans are also an important business of the credit departments of commercial banks.

So friends who don’t know how to apply for a personal loan from a bank can go directly to the bank branch to consult with the person in charge of personal credit. However, with the popularity and development of online finance, you can now make an appointment online in advance, and then go to the bank as scheduled after a preliminary review over the phone.

Personalloans (referred to as "personal loans"), also known as retail loan business, emerged in Western countries after World War II. After decades of development, they have become an important loan business. The main reasons for the rapid development of retail loans in the post-war West are: First, competition among financial institutions has become increasingly fierce, and the importance of retail business has been recognized; second, post-war Western economic development has been relatively stable, personal income has increased, and people are willing to use loans for Consumption; third, a large number of various credit reporting agencies have appeared, allowing banks to understand the credit status of borrowers conveniently and quickly.

What types of personal loans are there? You’ll know after reading it!

There are so many people borrowing money nowadays, mainly due to the high social pressure, and they often face the problem of lack of money. Compared with borrowing money from relatives and friends, taking a loan is a convenient and fast way. So what are the types of personal loans? ? In fact, they can be divided into different types according to different situations. Today we will briefly introduce the relevant content. If you don’t know, you can take a look.

1. Depending on the purpose of personal credit.

It can be divided into personal home purchase loans, car loans, study abroad loans, student loans, personal consumption loans, personal business loans, decoration loans, wedding loans, etc. When you go to a bank financial institution for a loan, you can inform The bank's own loan purposes, the staff will provide you with suitable products according to the situation.

2. Depending on the personal credit guarantee method.

It can be divided into credit loans and secured loans, and the latter includes guaranteed loans, mortgage loans, etc. Different loans require different assets, such as houses, cars, insurance policies, certificates of deposit, etc.

3. Depending on the personal credit repayment method.

It can be divided into installment loan and lump-sum loan, and the former includes equal principal, equal principal and interest, installment of interest and one-time repayment of principal, equal increment of principal, equal decrease of principal and combined repayment. payment, etc.

4. Depending on the personal credit period.

Can be divided into short-term, medium-term loans and long-term loans. Short-term loans are within 1 year (including 1 year), medium-term loans are between 1 and 5 years (including 5 years); and long-term loans are generally more than 5 years, mostly 20 to 30 years.

There are many types of loans. Everyone must consider carefully before taking out a loan and choose the product that best suits you.

That’s it for the introduction of what personal loans include.