Generally, it is more reliable, depending on the operation and strength of the guarantee company, but the loan cost is higher.
Second, is the loan guaranteed by the guarantee company credible?
1. The loan guaranteed by the guarantee company is credible.
2. A legally established guarantee company can provide guarantee for financing loans, and when the borrower fails to repay the loan at maturity, it shall bear the guarantee responsibility of paying the loan principal and interest to the lender. It can be seen that the loan guaranteed by the guarantee company is more secure to recover the principal and interest.
Interim Measures for the Administration of Financing Guarantee Companies
Article 2 The term "financing guarantee" as mentioned in these Measures refers to the act that the guarantor agrees with creditors such as banking financial institutions that the guarantor shall bear the guarantee liability stipulated in the contract according to law when the guarantor fails to perform the financing debts owed to the creditors.
Third, is it safe to find a loan from a guarantee company?
Whether it is safe or not depends on whether the guarantee company you are looking for is formal or not. Generally speaking, formal guarantee companies are still very safe. Identification method of formal loan guarantee companies: 1, with strict legal text and standardized operation. Old-established guarantee companies often strictly abide by national laws and regulations, and will not operate illegally for short-term interests, nor will they touch the "high-voltage line" of the industry. In operation, any violation or unexpected factors may pose a potential threat to the interests of investors, so it is necessary to formulate a rigorous legal text to clearly stipulate the rights and obligations of investors, borrowers and guarantors in the contract. Only in this way can the interests of all parties be fully guaranteed. This is also an important aspect of judging guarantee companies. 2. Fully understand the assets and social reputation of the guarantee company. 3. We can know from the guarantee company's operating years, the number of customers and the number of days without overdue. Formal guarantee companies do not pay any fees before lending, nor will they charge any extra fees, such as home visit fees and material fees from customers. Usually, the guarantee company has advantages: the loan amount is high-according to the regulations of most banks, the maximum amount of mortgage loan is only 70% of the appraised value of the mortgaged house, but if the borrower finds a guarantee company to operate, it is likely to achieve a satisfactory full loan result. For the same reason, some users who applied for mortgage loans even realized their desire to buy a house with zero down payment. Low application threshold-when the application materials are incomplete and the mortgaged house does not meet the requirements, it is difficult for the borrower to apply for a loan from the bank, and the outcome often ends in failure. However, if there is a guarantee company to guarantee for you, things are expected to turn around. It is not difficult to see that another advantage of the guarantee company is to serve users who cannot obtain loans directly from banks. The disadvantage is the rising cost of loans-there are advantages and disadvantages in finding a loan from a guarantee company. Compared with direct bank loans, the guarantee company has an extra loan guarantee service fee, which correspondingly increases the borrower's loan cost. However, if the borrower can compare the charging standards of the guarantee company, the loan cost can also be controlled to a certain extent.
4. Is the loan of the guarantee company reliable?
The officially registered and approved guarantee company is reliable. Guarantee companies belong to non-financial institutions, and now they are under the daily management of the management departments of non-financial institutions, and there are relatively mature management processes from registration to supervision.
Compared with other small and micro enterprises, the guarantee objects provided by guarantee companies are easier to obtain bank loans because of their better repayment guarantee.