Minimum 3.8% per year
Banks began a "price war" on consumer loans.
Why have many banks cut the interest rate of consumer loans sharply recently? Is the ultra-low interest rate concession available to everyone? For ordinary consumers, do you want to apply for a consumer loan now?
With the successive implementation of a package of stable economic policies, the personal consumer credit market is gradually picking up, and many banks have taken measures such as lowering the interest rate of consumer loans to attract customers and promote consumption.
A customer of Bank of China said that during the National Day last year, the annual interest rate of "BOC e-loan" of Bank of China started from 4.32% and dropped to 4.05% in March this year. "In May this year, I received a text message from Bank of China, and the minimum annual interest rate of' BOC e-loan' has dropped to 3.9%."
Coincidentally, many large state-owned banks have recently adopted preferential policies for consumer loan interest rates, and the interest rates of consumer loan products of some banks have dropped below 4.0%.
At the same time, some joint-stock banks adopt interest rate concessions and superimposed coupons to reduce the interest rate of consumer loans in disguise. For example, China Merchants Bank gives certain preferential interest rates to consumer loans by issuing "subsidy vouchers" to customers every month.
In the context of a large-scale decline in consumer loan interest rates, some banks are still "not moving". The credit manager of Guangfa Bank said, "The minimum consumer loan interest rate of Guangfa Bank has always been 4.8%, and it has not dropped recently, and the maximum processing amount is 200,000."
Interest rate concessions also set a "threshold"?
"At present, the interest rate of our consumer loans fluctuates between 3.8% and 4.2%, depending on the credit qualification and assets of the handling customers." The account manager of a branch of China Industrial and Commercial Bank said that the higher the star rating, the higher the preferential loan interest rate.
"Only customers with certain assets, such as mortgages and credit cards, can apply for our consumer loans." A credit manager of Agricultural Bank of China mentioned that customers who have less business contacts with Agricultural Bank of China cannot apply for consumer loans from the bank.
At the same time, there is also a certain corporate preference for bank consumer loans. When issuing personal consumption loans to customers, banks usually ask customers about their work units and other information. Generally speaking, banks are more inclined to provide greater interest rate concessions to employees such as state-owned enterprises and institutions.
China Merchants Bank has set up a "white list" of enterprises, and employees on the "white list" can enjoy the lowest consumer loan interest rate. Agricultural Bank of China also said that only customers working in state-owned enterprises and enterprises are eligible to apply for consumer loans.
Expert: Avoid irrational excessive debt.
Loan interest rate quotation (LPR) plays a guiding role in product pricing in the credit market. Since the beginning of this year, the central bank has lowered the LPR twice in a row. The latest data released on July 20th shows that the LPR of 1 year is 3.7%, and that of 5 years is 4.45%. As the LPR quotation keeps falling, banks also take this opportunity to lower the loan interest rate.
At the same time, since May this year, the personal consumption loan data has turned positive, and the personal consumption credit market is gradually recovering. The bank lowered the interest rate of consumer loans to meet the consumer demand released by residents.
13 In July, at the press conference of financial statistics for the first half of 2023 held by the State Council Office, Ruan, director of the Survey and Statistics Department of the People's Bank of China, said: "In the first half of the year, household loans increased by 2 18 trillion yuan, of which consumer loans increased by 646.8 billion yuan."
"From the current trend, global inflationary pressures and rising interest rate centers mean that the downside of the overall domestic interest rate level has become relatively limited. At present, the interest rate level of microfinance is undoubtedly beneficial to consumers. " Zhou said to him:
It is worth noting that the risk warning R issued by the Consumer Protection Bureau of the China Banking Regulatory Commission
In this regard, Zhou suggested, "For ordinary consumers, while enjoying the convenience brought by small consumer loans, we should comprehensively consider the sustainability of personal financial leverage and avoid irrational excessive debt; At the same time, we must carefully analyze the terms of consumer loans and make clear consumption. "
Related Q&A: Can Everbright Bank negotiate installment repayment after the credit card is overdue? Everbright Bank can negotiate installment repayment after the credit card is overdue, but you must provide proof that you are unable to repay, otherwise the bank will not agree to your negotiation. You can apply for installment repayment before the credit card expires. Once overdue, it is necessary to pay off the arrears in one lump sum. Matters needing attention in repayment negotiation of China Everbright Bank 1. If the cardholder can't repay the loan on time due to unemployment or illness, it's best to communicate with China Everbright Bank before the repayment period, state his financial situation, declare that he is not in bad faith, and apply for deferred repayment and interest concessions. Second, if Everbright Bank recognizes your previous positive performance and good credit record, it will often agree to postpone repayment. At this time, the cardholder can take the initiative to negotiate a mutually acceptable repayment plan with China Everbright Bank, such as extension period, interest concessions, monthly repayment amount, etc. 3. If the repayment is overdue unintentionally, repay it as soon as possible after discovery, preferably in full. Then call the bank credit card center and declare the non-malicious arrears. If the credit card of China Everbright Bank is overdue, you can pay off part of the debt first, and then negotiate with the bank, so the probability of success is much higher, because it can let the bank see that you have the willingness to repay voluntarily. How to improve the negotiated repayment rate of Everbright Bank's credit card? First, provide evidence of temporary insolvency due to force majeure factors (such as hospitalization, bankruptcy, accidents, etc.). ), including balance sheet, bank flow, no work certificate, etc. Let banks know the outstanding economic sources and assets; Second, make a repayment schedule to let banks know that they are only temporarily unable to repay their debts, but they still have repayment ability. If you have a job, you'd better provide proof of work, otherwise the bank will certainly not believe you if you just say you can repay the loan verbally but are unwilling to take action. Third, keep in touch with the bank after the deadline, so that the bank can see the willingness to repay. You can repay part of the arrears in a planned way; 4. Whether the credit card is overdue or not, the sooner you take the initiative to communicate with the bank and tell your own difficulties, it shows that you are active and have a strong willingness to repay, rather than passively trying to be stupid. The sooner the negotiation succeeds, the more adverse consequences can be avoided.