The so-called private lending refers to loans applied by private lending institutions other than banks. Usually, the audit of such institutional loans is not as strict as that of banks, but private loans often bear relatively large risks and the interest of private loans is generally higher than that of bank loans. So what are the ways of private lending?
What are the ways of private lending?
1 pawnshop
Usually, the loan applied by pawn shops belongs to mortgage loan, which is a common way of private lending. Generally, the loan amount and interest rate are determined according to the value of the pawn.
2 private financial companies
Generally speaking, private guarantee companies help loans to handle credit services. Usually this kind of loan is relatively loose and easy to pass.
These are the two main ways of private lending. It should be noted that when choosing private loans, you must choose legal lending institutions, otherwise you may fall into them carelessly.
The situation of private loans
In the process of serving customers, there are actually two situations that will come to seek private loans:
First, the bank's credit is not good, and second, it is in urgent need.
Some people in the bank won't go into details. According to the types of loans handled, the time varies from 5 days to one month, but the requirement is that the credit status should not be too bad ... When it comes to the processing speed of various unsecured loans, ...
As you can imagine, the fastest is of course the money bank ~ ~ and you can get the money on the same day as soon as possible, but many people pay interest in 7 days or 10 days, and their conscience 10 points, and the interest is more than 25 points ~ ~
People who are second in speed, that is, who can get the money the next day, can basically be divided into two types according to the conditions and amount of the applicant:
The first kind is private lending for books, also known as private credit. Generally speaking, even if the gold owner directly operates, it must be handled by borrowing books. After all, the proxy is legal, which can guarantee the owner's rights and interests, and avoid and reduce the risk of not getting back the money after the loan ~ ~ But the loan amount will generally be more than 654.38+million, so it is very important to ensure the repayment ability of the applicant ~ Just like bank credit, it is repaid by monthly amortization of principal and interest.
The second way is to cash in installments for locomotives, or cash in installments for locomotives. This way is actually very fast. Parts can be delivered in the morning 10, and you can get the money sooner or later, but it's basically the next day ~ because it depends on the speed of the company's bills and the licensing speed of the supervision room. Under normal circumstances, it's also the next day when the information is complete, but the amount is not high ... 3 ~ 80 thousand, and it's phased.
However, because it is an unsecured private loan, the individual's repayment ability is very important for the agency or installment company. After all, the difference between private enterprises and banks is that they don't need to be affiliated, and the processing speed is fast, so it is a very important turnover channel for friends who have credit problems or are in urgent need with banks, but remember that it is not difficult to borrow and repay.
(Excerpt from: Sharing Station)
References: 1 Comparison of Pawnshop Laws in Joe Cheng, Japan and the United States 2 Cai Qinghui American Pawnshop Taobao 3 Wang Mengxiong rediscovered English vocabulary-Pawnshop.
Is folk credit true?
It's true. Minxin is an independent brand of Zhongrong Minxin Company, which was launched on June 20 14. The full name of Zhongrong Minxin Company is Zhongrong Minxin Capital Management Co., Ltd., which was established in Beijing on 20 12. Since its establishment, the company has adhered to the innovation of financial services and information technology, adhering to the core concept of "deeply rooted in people's hearts and rooted in trust" and making full use of big data and information technology.
Is private lending legal?
Generally speaking, private lending is legal, but it must be within the scope permitted by law, otherwise it will not be protected.
Private lending refers to lending between citizens, between citizens and legal persons, and between citizens and other organizations. As long as the intentions of both parties are true, it can be considered as valid, and the mortgage generated by the loan is also valid accordingly, but the interest rate shall not exceed the relevant interest rate stipulated by the People's Bank of China.
According to the Contract Law of People's Republic of China (PRC)
Article 197 A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of the loan contract include the loan type, currency, purpose, amount, interest rate, term and repayment method.
Article 211 If the loan contract between natural persons does not stipulate or clearly stipulates the payment of interest, it shall be deemed as non-payment. If the loan contract between natural persons stipulates to pay interest, the loan interest rate shall not violate the relevant provisions of the state on limiting the loan interest rate.
According to the Supreme People's Court's Opinions on People's Trial of Lending Cases
Six, the interest rate of private lending can be appropriately higher than the bank's interest rate, and people around the country can grasp it according to the actual situation in the region, but the maximum interest rate shall not exceed four times (including interest rate) of similar bank loans. Beyond this limit, the excess interest will not be protected.
Extended data:
According to the Supreme People's Court's Opinions on People's Trial of Lending Cases
Seven, the lender shall not include interest in the principal to seek high profits. If it is found during the trial that the creditor included the interest in the principal to calculate compound interest, if the interest rate exceeds the limit stipulated in Article 6, the excess interest will not be protected.
8. If there is a dispute between the borrower and the lender on whether there is an agreed interest rate, and it cannot be proved, the interest can be calculated with reference to the bank's similar loan interest rate. If there is a dispute between the borrower and the borrower over the agreed interest rate, which cannot be proved, the interest may be calculated with reference to Article 6 of this opinion.
Eleven, the lender knows that the borrower is borrowing for illegal activities, and its lending relationship is not protected.