1, loan amount
How to determine the loan amount is just a topic worth discussing, because most products will draw a loan amount range, such as the minimum 1000 yuan to the maximum 50 thousand yuan, which refers to the minimum and maximum amount you can apply for.
Generally, the initial quota will not be too high. Novices should not worry too much. As long as you continue to use it and maintain a good reputation, you can gradually increase the quota, which has little to do with personal qualifications. Unless the comprehensive score is particularly high, it is impossible to apply for the highest amount for the first time.
In addition, the size of the loan depends on the individual's financial needs, and you can't blindly apply for too high a loan amount, otherwise it will cause a heavy repayment burden.
2. Term of loan
Simply put, the longer the loan term, the higher the total interest and the less the interest per period. Therefore, if your income is relatively stable, it is recommended to choose a longer term to reduce the repayment pressure.
In addition, many bank loans are divided into six months and one year. Everyone should grasp the nodes well, otherwise the one-year interest rate will be implemented after more than half a year and less than one year.
3. Repay on time
Newcomers should not think that it is no big deal to be overdue occasionally. Once the credit information is destroyed, it may have adverse consequences. In fact, banks have many measures to delay repayment, such as minimum repayment amount and loan extension, which can solve the problem.
In short, newcomers should not blindly apply for loans, but must consider their own economic conditions, interest rates, repayment, time limit and other factors before making a decision.