I. Introduction of Wuhan Microfinance Company
Wuhan small loan company refers to a company specializing in small loan business, which is a financial institution
I. Introduction of Wuhan Microfinance Company
Wuhan small loan company refers to a company specializing in small loan business, which is a financial institution established by government departments and financial institutions to meet the loan needs of some social groups. They are mainly short-term loans and micro-loans, which can provide various loan services, such as micro-loans, personal consumption loans, mortgage loans and collateral management loans.
Second, the loan conditions of Wuhan Microfinance Company
The loan conditions of Wuhan microfinance company generally require the applicant to be 18-65 years old, have a proper occupation, have a stable income source, have a certain credit report, have certain collateral to provide and have sufficient repayment ability.
Third, the loan interest rate of Wuhan Microfinance Company
The loan interest rate of Wuhan microfinance companies is generally higher than that of ordinary banks, because the risk of microfinance is relatively large, so banks will charge higher interest rates. According to different loan companies, the loan interest rate will be different. In general, the loan interest rate is between 24% and 36%.
Four. Loan Term of Wuhan Microfinance Company
Generally speaking, the loan period of Wuhan microfinance companies is relatively short, ranging from one month to one year. The specific time limit can be determined according to the applicant's situation and the requirements of the loan company.
Verb (abbreviation of verb) repayment method of Wuhan microfinance company
The repayment methods of Wuhan microfinance company mainly include equal principal and interest method and average capital method. Matching principal and interest method refers to the repayment of the same amount of loans every month, including principal and interest; The average capital method means to repay all loans on a monthly basis, with the proportion of principal increasing month by month and the proportion of interest decreasing month by month.
Sixth, the security of Wuhan microfinance company.
The security of small loan companies in Wuhan is generally lower than that of ordinary banks, because the risk of small loans is relatively large and the repayment ability is weak, which is easy to cause default. Therefore, small loan companies generally charge higher interest rates to make up for potential risks.