1. Which one has the cheaper interest, installment loan or mortgage loan?

Interestment is cheap

1. Housing installment is also a mortgage loan. The interest rate follows the benchmark interest rate table published by the central bank, which is 4.35% for less than one year and 4.35% for one to five years. 4.75%; 4.9% for more than five years. Different banks have different policies for home mortgage loans and cannot be simply compared. Taking Bank of China as an example, the loan interest rate of the corresponding grade announced by the People's Bank of China will be implemented based on the length of the loan term.

2. The interest rate of mortgage loans depends on the different attributes and location of the collateral. Generally, the loan interest rate is around 4.5%-7%, which is about 2% higher than that of mortgage loans. However, mortgage loans can only be used for business or consumption and cannot flow into the housing market.

2. If you buy a new car with full payment, which one is lower, the interest rate is lower if you get a mortgage loan or buy a car in installments?

It’s almost the same, neither one is lower

Let’s see what others say.

3. What is the difference between house installment and mortgage loan interest?

Mortgage loan. The general benchmark interest rate for home mortgage loans with a loan term of more than 5 years is 6.14%, and the lending institution will increase it based on the benchmark interest rate. For example, a user wants to mortgage a house, borrows 400,000 yuan, and repays it in 10 years

2. Mortgage loan. For mortgage loans, you can apply for commercial loans and provident fund loan mortgages. The general benchmark interest rate for home mortgage loans with a loan period of more than 5 years is 6.14%, and the lending institution will increase it based on the benchmark interest rate. For example, a user wants to mortgage a house, borrows 400,000 yuan, and repays it in 10 years

2. Mortgage loan. For mortgage loans, you can apply for commercial loans and provident fund loan mortgages. The general benchmark interest rate for home mortgage loans with a loan period of more than 5 years is 6.14%, and the lending institution will increase it based on the benchmark interest rate. For example, a user wants to mortgage a house, borrows 400,000 yuan, and repays it in 10 years

2. Mortgage loan. For mortgage loans, you can apply for commercial loans and provident fund loans.

4. Which one is more cost-effective, CCB Installment Pass or a credit card?

Installment Pass is a credit card installment business, so you must have a CCB credit card to apply for the Installment Pass. As for which installment is the most cost-effective, you can calculate it yourself when you can do it.

1. Online Loans

Online loans are the abbreviation of online loans, including individual online loans and commercial online loans. P2P online lending refers to direct lending between individuals through the Internet platform. It is a subcategory within the Internet Finance (ITFIN) industry. The number of online lending platforms has grown rapidly in China in 2012. So far, there are about 350 active ones, and the total number as of the end of April 2015 was 3,054.

In September 2019, the Leading Group for the Special Rectification of Internet Financial Risks and the Leading Group for the Special Rectification of Online Loan Risks jointly issued the "Notice on Strengthening the Construction of the Credit Information System in the Field of P2P Online Lending" to support operating P2P Online lending institutions are connected to the credit reporting system.

The essence of Internet finance is still finance, and it has not changed the hidden, contagious, widespread and sudden characteristics of financial risks. Strengthening Internet financial supervision is an inherent requirement to promote the healthy development of Internet finance. At the same time, Internet finance is a new thing and an emerging industry. It is necessary to formulate moderately loose regulatory policies to leave room and space for Internet financial innovation. By encouraging innovation and strengthening supervision to support each other, we will promote the healthy development of Internet finance and better serve the real economy. Internet financial supervision should follow the principles of "legal supervision, appropriate supervision, classified supervision, coordinated supervision, and innovative supervision", scientifically and rationally define the business boundaries and access conditions of each business format, implement supervisory responsibilities, clarify the bottom line of risks, protect legitimate operations, and resolutely Crack down on illegal activities and irregularities.

2. Investment Risks

Qualification Risks

Online loans are different from financial institutions. Financial institutions manage "net capital", whether they are banks or trust companies. You must have your own registered capital, which can range from a few hundred million to a billion or even billions. The registered capital is not used for business operations, but is a guarantee and a "threshold." However, due to the low threshold for online loan companies and the government has not issued guiding opinions, platform software can be purchased for thousands to tens of thousands. Many people who owe a lot in private loans have bought virtual borrowers and virtual mortgage items on the platform. Attract investors to invest with high interest rates.

High interest rates generally have an annual interest rate of at least 30%, and some platforms can reach 50% to 70%.

Manage risks

P2P online lending may seem simple, but it is actually a more complex model than banks and other financial institutions. P2P online lending is an emerging industry and an innovative model in the financial industry. Its development process has only been a few years, and the market has not yet reached maturity. Many investors and borrowers do not treat this kind of financial product correctly and just go for high returns, while those in need of funds rush to cash out. As an online lending company itself, since its original intention was only to make profits, its organizational structure lacks professional credit risk management personnel and does not have the knowledge and qualifications for loan risk management. Therefore, it is difficult to grasp and handle the problems that arise during the operation of the platform. problems, resulting in a large number of bad debts, and ultimately bankruptcy.

Funding Risk

When paying attention to a P2P online lending platform, the flow of investors’ funds is also crucial. Many online lending platforms not only do not use third-party fund management platforms, but can also use investors' funds. In particular, some online lending platform CEOs borrow tens of millions from the platforms themselves for business operations, achieving self-borrowing and self-use, with no risk involved. No one is responsible for the control, and the huge financial risks hidden behind it can only fall on the investors. This is also the reason why many platforms can run away. At present, the safest way is to place investors' funds on a third-party payment platform for supervision. As a platform, it must strictly control its use of investor funds. Only in this way can investors' funds be given to them."