What Required on a Personal Loan Application?

Personal consumption loans are personal loans issued by banks to borrowers who apply to purchase "reasonable consumer goods or services." It is a RMB loan business with designated consumption purposes issued by banks to individual customers. The main uses are consumer personal loans such as personal housing, automobiles, and general student loans [1].

Personal consumption loan application conditions

Right!

Personal consumption loans are personal loans issued by banks to borrowers who apply to purchase "reasonable consumer goods or services." It is a RMB loan business with designated consumption purposes issued by banks to individual customers. The main uses are consumer personal loans such as personal housing, automobiles, and general student loans [1].

Chinese name

Personal consumption loan application conditions

Types of

condition

Purpose

loan

Claim

Natural person with full capacity for civil conduct

1. A natural person with full capacity for civil conduct, and when the loan matures, generally not more than 55 years of age;

2. Have a permanent residence or valid residence status in the town where the loan bank is located;

3. Have legal and stable economic income, good credit, and ability to repay principal and interest on loans;

4. Have clear consumption intentions or have signed relevant consumption contracts;

5. Can provide guarantees recognized by the lender.

1. The borrower fills in an application form with a valid identification document, pledge, mortgage, and guarantor's guarantee at the loan office. After investigating the borrower's guarantee and credit, the bank will respond to the borrower within 15 days.

2. After the borrower's application is approved, sign a loan contract and corresponding guarantee contract with the bank.

3. The borrower can use the loan at any time within the available quota within the validity period of the quota. When the loan is used, the borrower can fill out a single loan for loan. The bank transfers the loan funds to the contracted account.

4. The borrower can recycle the loan within the validity period of the credit, and the available credit is the difference between the bank's approved credit and the principal balance of each loan under the credit. After the borrower owes the loan, the available amount will be deducted accordingly. After the borrower repays the loan principal, the available amount will be increased accordingly.

5. The borrower shall repay all the principal and interest of the loan under the credit limit before the expiration of the limit, and shall complete the mortgage and pledge registration and cancellation procedures at the bank within 20 days after the loan principal and interest are paid off. termination.