Consumer loans are loans for consumer activities. Personal consumption credit refers to credit card loans, non-housing loans, residential mortgage loans and other loan forms that individuals apply to banks with assets or credit as collateral.

Consumer loan is a credit loan provided to individual consumers in the form of a series of numbers (quotas) in the financial system.

It is mainly used for personal loans such as buying a car, home appliances, decorating a house, buying durable goods and studying abroad loans. In terms of types, consumer loans include residential mortgage loans, non-housing loans and credit card loans.

It has the characteristics of wide consumption purposes, high loan amount and long loan period.

To apply for a consumer loan, you need to meet eight application conditions:

(1) Borrower's identity certificate and its copy;

(2) materials such as temporary residence permit;

(3) Proof materials such as credit certificate, work certificate or income certificate.

(4) Proof of ownership of mortgaged assets;

(5) Guarantee agreement signed by the guarantor;

(six) the guarantor's credit certification materials;

(7) Collateral appraisal report issued by authoritative appraisal department;

(8) Other documents and certification materials as stipulated by commercial banks.

Consumer loan is different from cash loan, which is a kind of loan, while consumer loan is a string of numbers and a financial line. Cash loans can be used immediately, while consumer loans can only be used to buy specific goods or for specific purposes. When the lender needs cash for various reasons, he can apply for a cash loan from the bank as long as the purpose is legal.

After the loan is successful, the bank will distribute cash to consumers, but the cash loan does not limit the types of goods purchased by consumers or use them for other purposes. As long as it is legal and compliant, there are no other restrictions. In terms of loan types, consumer loans are the same as cash loans, which can be divided into installment loans, single payment loans and general credit card loans due to different repayment methods.

Repayment method:

1. Equal repayment of principal and interest: that is, the sum of loan principal and interest is repaid by equal monthly repayment. Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;

2. average capital Repayment Method: A repayment method in which the borrower repays the loan in every installment (month) and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;

3. Pay interest and repay the principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [loans with a term of less than one year (including one year)], and the loan bears interest on a daily basis, and the interest is repaid on a monthly basis;

4. Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, and the general amount is an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.

5. Repay all the loans in advance: that is, the borrower can repay all the loan amount in advance when applying to the bank. After repayment, the lending bank will terminate the borrower's loan and handle the corresponding cancellation procedures.

6. Borrow and pay back: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.

What's the difference between consumer loans and credit cards?

1. There are differences between consumer and credit card repayment methods.

Consumer loans can be repaid regularly, while credit cards can be repaid in full, in installments or at the minimum repayment amount, which provides more convenience for cardholders.

2. Consumers and credit cards are different in the convenience of application.

Consumer loan application is troublesome, complicated and strict, and usually takes a long time. In many cases, applicants need to provide more supporting documents, even mortgages and guarantees. Applying for a credit card is relatively easy. Customers can apply for credit cards through offline outlets of banks, official website, WeChat and mobile apps. In the application process, you only need to provide personal information and application materials such as work certificate and income certificate. Credit card approval time is relatively short, and it is more convenient to apply.

Consumption and credit card are different in cost.

Consumer loans do not enjoy interest-free period, and lenders need to repay each installment on time from the effective date of the loan, so the loan cost is inevitable. Credit cards enjoy a maximum interest-free period of 50 -56 days, during which cardholders can freely overdraw. As long as the repayment is made in full before the due repayment date, there is no need to bear the capital cost.

There is a difference between consumption and credit card in the scope of use.

Generally, bank consumer loans will be earmarked for cardholders. For example, housing loans can only be used to buy a house, car loans can only be used to buy a car, decoration loans can only be used for decoration, and consumer loans can only be used for specific types of consumption. Credit cards are more widely used and relatively flexible. After applying for a credit card, all merchants who can pay by credit card can pay by credit card.

What is a consumer loan? Is it a credit card?

Hello, there are so many platforms that can provide loan business now. You can apply for a loan from the bank by mortgage. A more convenient way is to apply for a personal credit loan. It is recommended that you choose a formal platform when applying for a loan to better protect your personal interests and information security.

It is recommended to use rich flowers, which is a credit brand of Xiaoman Finance. Provide users with safe, convenient, unsecured and unsecured credit services. If you borrow money, you can go to Xiaoman Financial APP (click on the official calculation). Consumer loans with money to spend, with a daily interest rate as low as 0.02%, have the characteristics of simple application, low interest rate, quick lending, flexible loan repayment, transparent interest rate and strong security.

I would like to share with you the application conditions for consuming products with money: it is mainly divided into two parts: age requirements and information requirements.

1. Age requirement: 18-55 years old. Special note: if you have money to spend, you refuse to provide installment loans to students at school. If you are a student at school, please give up the application.

Information requirements: You need to provide your second-generation ID card and your debit card during the application process.

Note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and cannot be processed with temporary id card, expired ID cards or first-generation ID cards.

This answer is provided by Youhuahua. Due to objective reasons such as the timeliness of the content, if the answer content is inconsistent with the actual interest rate calculation method of Youhuahua loan products, the display on Xiaoman Financial APP- Youhuahua Loan website shall prevail. I hope this answer is helpful to you.

Is it necessary to use credit card for consumer loans? brief introduction

Many young people like to spend money, and even if they don't have money, they will take out loans to meet their needs. To this end, major lending institutions have launched various consumer loans. Many people are not very clear about their lending model after handling consumer loans. For example, some people will ask whether a consumer loan should be borrowed by credit card. Let me introduce it to you here.

Is it necessary to use credit card for consumer loans?

Consumer loans mainly refer to loans for personal consumption, such as buying a car, traveling and decorating. You can apply for a consumer loan if you have no money. Most consumer loans are earmarked, but this does not mean that credit cards must be used to lend. It depends on what kind of consumer loans are handled.

Usually there are two kinds of consumer loans, one is by credit card installment, and the other is direct loan. The former will issue special credit cards, lend money directly to the credit cards, and then go to designated merchants for consumption. The latter does not need a credit card as a carrier, and the borrower only needs to provide his own bank card.

Regardless of whether a credit card is required for consumer loans, once the borrower successfully handles the consumer loan, as long as the loan is repaid, even if the funds in the card are not used for consumption, the loan needs to be repaid, and the principal and interest should be repaid every month. Of course, in addition to repayment on schedule, the borrower can also settle the loan in advance.

It should be noted that if a bank borrows a consumer loan, it may also need to verify the purpose of the consumer loan, so that the borrower can upload the consumption voucher within the specified time. If it is impossible to upload or the voucher does not meet the prescribed consumption purpose, the borrower will face the situation of paying off the consumer loan in advance in one lump sum, and at the same time pay liquidated damages.

The above is "Is it necessary to lend money by credit card for consumer loans?" I hope it will help everyone.

The introduction of credit card consumption loans ends here.