First, online loans (loans) should pay attention to the following points:
1. Note that no deposit is required, and online formal lending institutions have strict loan approval procedures. Even if the lender is not required to provide collateral, it is necessary to review the lender's credit history, income, work or operation, and strictly limit the loan amount and loan term. Formal lending institutions do not charge any fees before lending, and repay on time after entering the loan cycle.
2. Be sure to choose a formal lending institution.
This is especially true for online loans. Although it is called a small loan, it is also a loan. All loans, whether bank loans or private loans, need your repayment ability. And those who claim that they can lend it to you unconditionally must be liars or yellow people. In addition, many friends asked, can I get a loan as long as I provide my ID card? Obviously, if you can't provide other valid documents, your ID card will be useless, and a regular loan company will definitely not lend it to you just by your ID card.
3. Reasonable selection of loan amount and term.
The loan amount depends on the individual's financial needs. Under this premise, I need to consider my economic repayment ability to avoid excessive repayment amount and pressure. As for the loan term, both people and enterprises say that the longer the loan term, the higher the interest rate and the greater the interest burden of the borrower. Generally, the car loan is 3-5 years, and the mortgage loan 10-30 years. The current short-term loan interest rate is divided into two grades: half-year and one-year. If the loan term is less than half a year, it shall be implemented at the annual interest rate of half a year, and if it is more than half a year but less than one year, it shall be implemented at the annual interest rate of one year. If the loan term of the fund demander is 8 months, although it is only 2 months beyond half a year, according to the current loan interest-bearing regulations, the loan interest rate can only be implemented for one year, which actually increases the interest burden of the borrower.
4. Be sure to repay on time.
Today, with the increasing penetration of finance into people's lives, a good credit record will benefit people for life. Now many banks have launched personal credit loans, relying only on credit, without mortgage. This kind of timely and high-amount loan is very popular, but it requires high credit. People-enterprise loans remind that some banks will issue hundreds of thousands of credit lines to individual customers with good credit. When money is needed within this range, it can be handled through simple procedures. If the borrower encounters personal financial difficulties, it is best to take the initiative to negotiate with the bank and apply for an extension of the repayment period, that is, to postpone or change the repayment method.