Does the guarantee company charge the guarantee fee first for the loan?
The charging standards of loan guarantee companies are usually not fixed, which are mainly determined by risks. The guarantee fees of borrowers with different loan products and different conditions are usually different. Of course, different guarantee companies charge different fees. Usually, the guarantee fee for unsecured loans is higher, because the borrower does not need to provide collateral, and the guarantee company only relies on credit guarantee to bear greater risks, so the guarantee fee is higher.
The mortgage guarantee fee varies greatly according to the borrower's conditions, but the annual guarantee rate is 3%-5%, which is much lower than that without mortgage guarantee fee. The guarantee fee of low-risk loans such as provident fund loans is lower, and the annual guarantee rate of provident fund loans in most cities is below one thousandth. In short, the greater the loan risk, the higher the guarantee fee. Maintaining good credit and providing sufficient collateral will help reduce the loan guarantee fee.
How to choose a guarantee company?
First, investigate the company's reputation and scale, operating time.
Generally speaking, large guarantee companies or institutions have mature internal mechanisms and operating experience, and have strong anti-risk ability, and the capital status of guarantee companies directly determines the compensation ability of guarantee institutions. At the same time, we should pay attention to the operating years, industry operation, stability of business volume and whether it is overdue. Generally speaking, the longer the running time, the higher the reliability. It is best to choose a guarantee company with a registered capital of more than 654.38 billion yuan and a good reputation.
Second, pay attention to whether the company is formal and legal.
Because the access and supervision of guarantee companies are very strict, they are faced with a mixed situation in the market. Applicants should pay attention to the examination and approval procedures, business license, enterprise code certificate, tax registration certificate and other relevant certificates of the personal loan guarantee company when choosing, and can also inquire at relevant government agencies.
Third, clean up company fees.
Generally speaking, the level of loan interest rate is a concern of applicants. The guarantee fee of a guarantee company is usually not fixed, which is mainly determined by the risk. The guarantee fees of borrowers with different loan products and different conditions are usually different. Of course, different guarantee companies charge different fees. Usually, unsecured loans have the highest guarantee fee, because borrowers do not need to provide collateral, and guarantee companies only rely on credit guarantees to bear greater risks, so the guarantee fee is higher. In mortgage interest rates, it is generally about 3% of the whole house per month, and the lowest is about 10% for credit guarantee companies. If the guarantee company charges too much, it is necessary to consider re-selecting the guarantee company.
Does the guarantee company charge the guarantee fee first for the loan? How to choose a guarantee company? The above content is a concrete introduction to the guarantee company. When choosing a loan from a guarantee company, we should also understand the specific situation of the whole company, so that everyone can borrow through in-depth understanding. In short, there are many aspects involved in the loan, so we must find a formal institution.