Personal credit is also needed to handle loans through small loan companies. Although the credit requirements of small loan companies are not as strict as those of banks, they will also check the borrower's credit report when lending.
There are two aspects for small loan companies to check the credit report. First, just like a bank, judge the borrower's repayment ability and decide whether to issue loans. Of course, compared with banks, small loan companies have less strict credit requirements for borrowers. Secondly, the loan cost is determined according to the borrower's credit status. Generally speaking, the longer the borrower is overdue, the higher the cost of applying for a loan.
Second, is there any requirement for personal credit when handling loans through small loan companies?
Personal unsecured:
1. Required documents: ID card, bank card serial number, credit report, other financial proof, and water and electricity invoice of residence.
2. Choose banks: Standard Chartered, Huaxia, China Construction Bank, Ping An and other banks have relatively low interest rates. If it is a state-owned enterprise or a top 500 company, it is recommended to go to CCB or Huaxia. Both Standard Chartered and Huaxia require punching out wages, and you need to print out the running water of the salary card for half a year. The interest is between 0.75- 1 per month. If your credit information is not very good, interest may increase.
3. Loan step: Take the materials to the bank and let the business manager operate. Basically, as long as the materials are submitted, the rest need not be taken care of. The specific steps are in accordance with the bank's tips. The repayment method depends on your own situation. Generally, you choose equal principal and interest.
4. There are others, such as: enterprise unsecured, vehicle real estate pledge, three joint guarantees and so on. If you want to know, you can keep asking.
3. Is there any requirement for personal credit when handling loans through small loan companies?
Personal credit is also needed to handle loans through small loan companies. Although the credit requirements of small loan companies are not as strict as those of banks, they will also check the borrower's credit report when lending. There are two aspects for small loan companies to check the credit report. First, just like a bank, judge the borrower's repayment ability and decide whether to issue loans. Of course, compared with banks, small loan companies have less strict credit requirements for borrowers.
Secondly, the loan cost is determined according to the borrower's credit status. Under normal circumstances, within the scope of overdue loans, the longer the borrower is overdue, the higher the cost of applying for loans.
4. Will handling in an online loan company affect my credit information?
For online loan companies, as long as you repay the loan on time according to the contract, this will not affect your credit information.