“Do you need a loan?” If someone asks you this, don’t be surprised. See if you have any of the following situations, look at your financial situation, and look at your consumption. Need, if a loan can really solve the problem, don’t hesitate to get it!

1. Low income, large consumption recently

For many people, income is the main source of income in their lives, and personal wealth accumulation mainly relies on income. However, recently there was a consumption that exceeded my income but was urgent. At this point, you may need a loan.

2. The debt is high and there is a rigid expenditure recently.

Nowadays, many people are used to "living in debt". Spending tomorrow's money and enjoying today's blessings is the life philosophy of many people. , there is nothing wrong with moderate debt, it may inspire people to strive, and it may also "generate" more money. But if you have too much debt, you may need a loan when you have a rigid payment.

3. Take a trip as soon as you want, but don’t have any savings

Too many people have said that you want to take a trip as soon as you want, but your wallet is too small. Deflated, unable to get out. Want it from your parents? Yes, but many people may not be able to speak. Can you borrow it from a friend? Okay, but wouldn’t it be a little embarrassing to ask you when I’m going to pay it back? At this point, you may need a loan.

4. The new house needs decoration, but all the money is used to buy a house

Buying a house is a major event in life. Many people spend all their savings to buy a house, but they are lying on the cement floor. When you fall asleep, you will probably feel unhappy. Some people say that decoration should be simple. It's a good idea, but where will the money come from? At this point, you may need a loan.

5. Buy New Year’s goods, New Year’s money, and spend money everywhere at the end of the year

It’s time to go home to celebrate the New Year. Although they say “if you have money but don’t have money, go home to celebrate the New Year”, in order to let your family Don’t worry, you’re living a pretty good life outside. Treating guests to dinner, buying new year’s goods, getting lucky money… you have to take care of everything. Without money, do you really dare to go back? At this point, you may need a loan.

However, there are more and more loan products on the market, which dazzles applicants. What should they do if they don’t know what to choose? As the saying goes, the one that suits you is the best. The same is true for loans. Borrowers should analyze and choose based on their actual situation. Below, Dr. Kang will give you corresponding suggestions for some specific situations:

1. Have a stable job, but cannot provide collateral

Have a stable job and income, and have a good personal profile People who have a credit record but cannot provide collateral can consider applying for an unsecured loan, because unsecured loans favor people with a stable monthly income and a good credit record, as long as they can provide personal identity certificate, income certificate, employment certificate and other necessary materials , you can apply for a personal unsecured loan, and the amount is generally about 10 times your monthly income.

2. People who need large amounts of funds and have real estate or cars in their names

People who need large amounts of funds and have cars or real estate in their names can apply for a mortgage loan and transfer their real estate to The loan amount can be up to 70% of the appraised value of the property, and the loan term can be up to ten years.

3. Pay the provident fund in full and on time

For those who have paid the provident fund in full and on time, housing provident fund loans are the first choice. The interest rate of provident fund housing loans is much lower than that of commercial loans. , for home purchasers, choosing provident fund loans can effectively reduce financial pressure.

4. The provident fund loan amount is not enough to pay the house payment

When the provident fund loan is not enough to pay the house payment, a combination loan, that is, a provident fund loan commercial loan model can be used to solve the problem of house purchase funds. . It is recommended not to choose a purely commercial loan. Commercial loans not only have higher interest rates than provident fund loans, but also cannot enjoy provident fund loans.

5. Long-term commercial insurance payment

If you have a policy with cash function and the insurance payment period is more than 1 year, you can also quickly get a loan with the policy . Generally, the policy loan amount is about 80% of the policy value; the loan interest rate is relatively low. Generally, the bank's 6-month loan interest rate will rise slightly by a small amount, about 5-6. The loan arrival time is generally 1-3 days, which is relatively fast.

In addition, we must make these preparations:

1. Clarify the purpose and term of the loan

The loan must have a clear purpose, tens of millions of dollars Don't be blind. Clarifying the purpose and term of the loan is, on the one hand, to select an appropriate loan amount and select the appropriate amount based on the actual purpose to make the loan just right. On the other hand, in order to calculate the input-output ratio of the loan, only by borrowing within what you can afford can you improve the efficiency of the loan.

(1) Short-term emergency

Short-term emergency, such as payment for goods, repayment when due, payment of employee wages, etc., generally within two months.

(2) Operating loans

The operating loans here mainly refer to the purpose of the loans being used for operations and for investment to obtain corresponding returns.

(3) Project loans

Project loans refer to investment projects with a relatively long cycle, usually more than two years.

2. Self-assessment

Many customers may encounter this situation. They have tried many lending institutions, only to be rejected. This not only wastes a lot of manpower and material resources, but also Affects loan programs. This is because different loan products have different requirements for borrowers. Even for the same type of loan product, different lending institutions have very different requirements for borrowers. Therefore, borrowers must understand their own loan qualifications and the requirements of the lending institution, so as to find some loan methods that suit them.

3. Loan interest

Speaking of loan interest, everyone knows that the lower the loan interest, the better. However, some loan products have very low annual interest rates but high monthly payments. This is because, in addition to the annual interest rate, some loan products also have one-time charges, monthly management fees, etc. Therefore, when choosing loan products, you should also pay more attention to these issues.

4. Make a repayment plan

If we successfully get the loan, of course we will plan to repay it. Repaying your loan on time can build a good credit for yourself, which will be of great help in applying for loans or other things in the future.

Finally, Dr. Kang reminds everyone: You must choose a formal and reliable institution, shop around, and strive to obtain the maximum available funds at the lowest cost. Don’t fall into the loan trap by coveting low interest rates and high loan limits.