Unsecured personal credit loan product introduction

This is the main business of personal credit loans, and small business for business throughout the production and operation, the turnover of capital demand, not for real estate, stocks and other investment. The product line isRMB10Million yuan-50Million, can be divided into24Months or36Monthly repayment, the repayment is matching interest, limit cycle, with no collateral, unsecured. The applicant needs to be age25-60Old China mainland citizens. The guidelines do not account the loan interest rate, the actual operation of middle-aged rate is about10%So, if the borrowing time on a day to day basis is the interest rate is 5/10000.

Other conditions apply:1Applicant: individual proprietorship enterprises, or other business, the applicant must be the legal representative or his spouse, children, parents and siblings; limited liability company, the applicant needs to meet the statutory representative and occupy a larger proportion than20%Or the shareholders shares accounted for more than51%Regulations.2, the local business3Years or above.3The family business is located in, must have a set of commercial housing or property to the new conditions.4A total of nearly three months, the average monthly inflows greater than the flow of funds6Million.

No entry customer groups:1, the registered capital of more than800Million, the total number of employees more than300Some enterprises.2The average monthly flow of funds, more than800Million enterprises.3Recently12On the people's Bank credit appears2And above, and the overdue amount or overdue amount is greater than the highest500Element,1Years30More days,2Years90Overdue record more days.

Handling process

After reading the above provisions, found the bank restrictions for loan applicants a lot of very strict, but in actual operation, especially in the process of market development usually is not in accordance with the above conditions, and the bank will according to the different market, different fields specified in the corresponding supplementary explanation, to relax the conditions. The actual operation for the required conditions:1The loan applicant and spouse, proof of identity, marital status2, is a copy of business license3, signed with the market management or developers a lease contract4By the people's Bank credit.

General loan formalities, process:

1Intern, market development, to the professional market street, selling the loan specified.

2The shopkeeper, intern collect identity for proof, query intention credit authorization, query the whether the applicant meets the conditions for handling. (we often use the mobile phone to the applicant's identity card is the opposite and signed authorization (omitted) after taking pictures, through Micro message sent to work in the bank, they will take ID card printing and then queries the credit. Usually at this time can tell the applicant credit inquiry about how much they can apply for the maximum amount)

3The shop to collect information, customer manager to the applicant to fill in data. (fill in is a bank "business people" card application form, not the usual form, in the triple the bank sees only a single sheet, should be printed on two finger. Data collection is usually directly using a mobile phone camera, and then returned to the bank to print data, including: business license, certificate, the applicant and spouse provinces marriage certificate, lease contract.)

Mainly to the customer that the loans compared with other banks advantages, specific have the following:

1Early repayment, not to collect default payments, some banks signed a loan contract that is matching interest repayment, but if the customer wants to2Months after the remaining10Months of all loans repaid will need to collect the corresponding default payment, the loan without.

2Relax, fast speed, and received on the same day, limit cycle, valid for three years, according to the days of interest bearing loans, direct payment in full loan, no need to deduct the interest.

3The new management, is the savings card, no annual fee, can directly extract cash do not charge fees.

Internship experience

1In practice, encountered the challenge. Now people pay more attention to protect their own privacy, access to the identity information and is not a simple matter. There are many shop owners are willing to apply for the loans, the actual their liquidity also really need such liquidity loan products. But in the face of our interns, and door-to-door without any certificates, they are good for our vigilance. Another part of the customer as long as they are different in the frequency of bank marketing is really too much, as long as heard "bank" two words have no interest, direct refusal.

2The regional banks, loan business. Although the recent half a year or so will often hear all sorts of condition of bank funds are in short supply, but the banks for loans, especially the higher interest rates of commercial property loans to popularize strength still is not decreased, as these loans are their sources of income. For China bank, Construction Bank of the large state-owned banks, they will take the initiative to promote the small business loan rarely. On the contrary, the regional bank, for example, GF, peace, Xingye the silverThe bank will spare no effort to promote small loan to them, the main attack area of personal loans.

3Asymmetric information, risk control and bank. Without collateral, unsecured personal credit loan interest rates on loans varieties in relatively high, but the risk at the same time the banks is relatively high, banks need to review and evaluate the strict to the customer. All eligible customer information needs to go through the head office of the wind control group approval before they can lend. However, in actual operation, the bank for the use of funds of customers or difficult to grasp, there is asymmetric information. For example, we have to Guangzhou Railway Station, one engaged in garment business customers are interested in this product, he revealed the loan for real estate, it is the loan is not allowed. However, as long as the required documents are complete, he can use his clothing business loan application and use in the real estate. Bank for the flow of funds is difficult to control.

4, in the promotion process, found a part of the customer is very familiar with all kinds of loans and the interest rate of the loan, although convenient, but at the same time there are of high interest rates and low limit problems. For example, to the Panyu Shaxi tea city, there is a customer to ask if he could not matching interest repayment of the way, want to use the coupon bonds, but if repayment in accordance with the coupon bonds, banks require collateral, unsecured loans can not be done. Many customers think that the highest50Million limit is too low, want to obtain higher limit, if you want to get more credits must through mortgages and unsecured credit loan is not through. This is also the practice of banks to avoid risks.

On interest rates

The bank claims of interest is: ten thousand yuan a year1000Yuan, the sense that gives a person is a year10%Interest rates, but real interest rates (YTMAchieve18%:

According to the calculation, a year of the monthly repayment, thenLV=10000, FP=917, n=12

ThenObtain.I=18%

Editor: Peng Yili

Editors Vivi Y. PENG 

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