The year is approaching, and various expenses continue, which makes many netizens call this year "unbearable." In the face of various expenses during the Chinese New Year, you can know that the common provident fund can be used not only to buy a house, but also to apply for consumer loans. Employees who have paid the provident fund may wish to make personal consumption loans with the amount paid by the provident fund.
Since 20 15, personal consumption loans have been popular in e-commerce platforms, P2P platforms and traditional banking financial institutions, and characteristic consumption loans have been introduced one after another, based on payment records such as provident fund and wages.
You can apply for personal consumption loans through registration, social security cards, etc. Some banks even launched Internet loan products, which saved cumbersome approval procedures such as "collateral" and "credit qualification" and benefited more consumers.
20 15
1654381On October 23rd, the State Council issued the Guiding Opinions on Giving Full Play to the Leading Role of New Consumption and Accelerating the Cultivation of New Supply and New Motivation, in order to support the innovative development of Internet finance, strengthen the service of inclusive finance and support development.
Consumer credit. Policy dividends and huge profit margins make consumer finance the target pursued by many capitals. The e-commerce platform has also launched similar credit loan products in terms of credit consumption, diverting some of them that originally belonged to banks.
Customer groups, various consumer products such as "JD". COM "white stripes", "flowers", "micro-loans" and "free payment" emerge one after another. According to public data, the ant "Flower Garden" has been online for 20 days, and the number of users has exceeded100000; JD.com
From 2065438 to June 2005, the trading volume of "white bars" increased by 6 times year-on-year.
Compared with consumer credit of e-commerce and Internet platforms, banks pay more attention to risk prevention and control, but the audit threshold is relatively convenient. At present, many banks have launched provident fund loans.
Service. For example, the "public welfare loan" business launched by Minsheng Bank can apply for consumer loans as long as the housing provident fund is continuously deposited for more than 1 year and the individual's monthly deposit is above 500 yuan, which meets the relevant regulations.
The limit is mainly calculated according to the individual's monthly provident fund deposit, and will be increased or decreased according to the customer's assets, liabilities, credit records, etc. Individual citizens can borrow at most
The longest loan period of 500,000 yuan is 3 years, the interest is paid monthly, and the principal is repaid at maturity, which does not affect the citizens to use the provident fund to buy a house.
Moreover, a number of banks have launched personal credit loans linked to personal income for wage-earning customers, such as easy loans from ICBC and lightning loans from China Merchants Bank, which greatly improved the availability of personal credit loans for citizens.
Compared with credit cards, the main advantages of consumer loans are shorter application time and lower loan interest rate. The consumer finance of banks is generally unsecured and unsecured microfinance. The biggest advantage is that consumers don't need to provide credit.
Mortgage or corresponding guarantee, as long as the credit record is good, loans can be issued. Generally, within a few hours, the interest rate of loans is generally around 7%-8% per year. The application cycle of most credit cards generally takes one month.
There is a maximum interest-free repayment period of 56 days. After the interest-free period, overdraft interest is calculated at five ten thousandths of a day, with an annualized rate of nearly 20%. Comparing the above data with the loan cost, the cost of bank consumer finance is higher than that of credit.
The interest on the card is much lower.
(The above answers were published on 20 16-02- 15. Please refer to the actual situation for the current purchase policy. )
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