Before submitting the loan application materials to the bank, the borrower is worried that the loan amount he has applied for is too high, fearing that the bank will not agree. Many borrowers have consulted, how much can ordinary people borrow? Different loan methods are selected, and the loan amount you can apply for is also different. Let's have a look!
How much can ordinary people borrow?
1, credit loan
Borrowers go to the bank to apply for personal credit loans without providing any mortgage or guarantee. Generally, they can only apply for a maximum of 200,000 yuan. If the personal qualifications are average, most people can only apply for a quota of1-50,000 yuan. If you want to apply for a quota of more than 654.38 million yuan, you may need to become a VIP customer of the bank.
2. Mortgage loan
If the borrower applies for a mortgage loan, then the maximum amount of the loan should be determined according to the value of the collateral. Generally speaking, banks will have special cooperative evaluation institutions to identify the value of collateral. The evaluation agency will evaluate the goods and then give a reasonable price. The maximum amount that a borrower can borrow is usually 80% of the assessed value of the collateral.
3. Guaranteed loan
How much money a personal secured loan can get depends on the collateral provided by the borrower or the guarantor of the borrower. The lower the debt ratio, the higher the loan amount that the guarantor can apply for for the borrower, but the maximum is not more than 3 million. If the borrower takes the enterprise as the guarantee, it depends on the running water and business direction of the enterprise.
Generally speaking, due to different loan methods, borrowers can apply for different loan amounts. How much can you borrow? It is recommended that the borrower call the bank customer service phone to ask.
The above is the sharing of "how much can ordinary people borrow". I hope I can help you!
How much can an individual borrow from a bank?
The maximum amount of personal loans is generally determined by financial institutions according to their own risk tolerance. Generally, the maximum amount is between1-20 million yuan. However, the borrower must also provide sufficient and effective collateral and pledge.
Personal loan, also known as retail loan business, has become an important loan business after decades of development. Personal loans refer to local and foreign currency loans issued by banks or other financial institutions to natural persons who meet the loan conditions for personal consumption, production and operation. When a lender issues a personal housing loan, the borrower must provide a guarantee. If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest.
How to apply for a personal loan: first, at least 25 years old, with full capacity for civil conduct; And have permanent residence or valid residence certificate in China. Second, having a fixed occupation or a stable economic income can guarantee the ability to repay the principal and interest on schedule. Third, the credit record is good and there is no bad credit record. Fourth, it can provide legal and effective guarantees recognized by banks. Fifth, other conditions stipulated by the bank. Generally meet the above conditions, you can apply for a loan from a commercial bank.
Personal housing commercial loan is a self-operated loan issued by personal loan with bank credit. Refers to the commercial housing loan that a natural person with full capacity for civil conduct applies to the bank as a repayment guarantee when buying a self-occupied house in a town of this city.
Personal housing provident fund loan is an entrusted loan issued by policy housing provident fund, which refers to the housing provident fund loan that employees who pay housing provident fund apply to the bank when they buy, build, renovate or overhaul their own houses in cities and towns of this city, with their own property houses as a guarantee to repay the loans.
Borrowers who meet the requirements of personal housing commercial loans can deposit housing provident fund at the same time, or apply to the bank for personal housing provident fund loans while handling personal housing commercial loans, that is, borrowers can apply to the bank for personal housing provident fund loans and personal housing commercial loans (this loan method is referred to as personal housing portfolio loans) with the urban self-occupied housing purchased in this city as collateral.
Personal micro-credit loans are RMB credit loans issued by banks or other financial institutions to borrowers with good credit standing without providing guarantees. Based on personal credit and repayment ability, the loan amount will generally not exceed 1-200,000, and the loan term is1-2 years.
What is the maximum amount of personal credit loan?
Credit loans can reach up to 500 thousand.
Credit loan refers to the loan issued by the borrower's reputation, which is characterized by the fact that the debtor can obtain the loan only by virtue of his own reputation without providing collateral or third-party guarantee.
Due to the different qualifications of lenders, the amount of loans available is also different, and the bank will review and evaluate according to the personal data provided by the applicant.
The process of credit loan is usually as follows: loan application → loan investigation → loan approval → loan contract signing → loan issuance → post-loan management → loan return, etc.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction for supplementary funds and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
The "three principles" refer to safety, liquidity and efficiency, and are the basic principles of commercial banks' loan operation. Article 4 of the Law on Commercial Banks stipulates: "Commercial banks should operate independently, bear their own risks, be responsible for their own profits and losses, and be self-disciplined, and take safety, liquidity and efficiency as their operating principles."