Now applying for online loans, I am more willing to apply for a platform with a consumer finance license. So many people often ask questions of consumer finance companies. Many people ask: is Harbin consumer finance a turnover line? Here, I will tell you what I know.
As far as we know, the credit line of consumer finance of Harbin Bank can be recycled. As long as everyone's credit limit is not used up, they can withdraw cash at any time. Here is a brief introduction to the situation of easy access to loans in consumer finance of Harbin Bank.
Basic situation
Harbin Bank Consumer Finance Easy Loan can provide you with a loan of up to 200,000 yuan, with the lowest daily interest rate and the only long repayment period. The main purpose of Harbin Bank's consumer finance easy loan is education, decoration, tourism, wedding and other consumer needs.
Processing mode
Harbin Bank's consumer finance easy loan requires everyone to submit a loan application online. After submitting the loan application, Harbin Bank Consumer Finance Easy Loan Association will arrange the staff to provide on-site service. You can test your quota online through the mobile APP "Ha Xiao Yin Jin".
Product characteristics
Harbin Bank's consumer finance easy loan does not require the borrower to provide any mortgage or guarantee, and the procedure is simple, so that everyone can easily obtain the turnover quota they need.
Above, we introduced whether the consumer finance of Harbin Bank is a turnover line. Generally speaking, the loan products of Harbin Bank's consumer finance have a revolving quota, so we should pay attention to the choice when choosing.
What does revolving credit mean?
The so-called circular line refers to the line that can be reused. For example, if a financial institution gives you a turnover limit of 50,000 yuan, and you borrow 20,000 yuan, the loanable amount becomes 30,000 yuan. When you pay off this 20,000 yuan, your quota will be restored to the original 50,000 yuan, and you can continue to lend.
A bank's credit card limit is an example of a revolving limit. Similarly, the credit products of some financial technology enterprises also use revolving credit lines to give credit to users, such as borrowing money and spending money, and once they are paid back, the credit lines will be restored.
Extended data:
Disadvantages of revolving loan:
"Revolving loan" is a kind of loan that the borrower can borrow repeatedly during the credit period, without special approval again. The disadvantages of this kind of loan are mainly:
Because the borrower can withdraw from the loan at any time, the specific use of each loan may be beyond the control of the bank, and it is possible that the borrower will use the borrowed funds for purposes other than the specified purposes, which also increases the risk of revolving loans.
So sometimes banks may ask customers to upload consumption vouchers in order to agree on risks. If the customer receives the notice of uploading the consumption voucher, he must remember to upload it in time, so as to prevent the bank from withdrawing the loan funds or directly asking himself to pay off the loan immediately.
Of course, revolving loans also have many advantages. First of all, the most obvious benefit is that quotas can be recycled; Secondly, the credit period is generally longer. Also, because it is approved, it can be borrowed and returned within the validity period, which is more convenient to use money.
Harm of revolving loan:
Many people apply for a loan line that can be recycled, so most of them will borrow in cycles within the specified credit period. It stands to reason that as long as customers borrow normally and repay on time, it will generally have no impact.
However, if customers always apply repeatedly and borrow frequently in a short time, some loans will not be classified as one record in the credit report, which may lead to multiple loan records in the credit report. After all, every time a customer applies, the system will generally re-examine the evaluation and leave corresponding records. Too many loan records can easily lead to "flowering" of credit information.
If credit information is too expensive, then customers will easily make banks (lending institutions and platforms) suspect that economic life is not very stable, and credit business may not be smooth.
As for the loan handling banks (lending institutions and platforms), because customers can repeatedly use the credit line during the credit period, there are certain uncontrollable risks in the loan, so it may be difficult to know the specific purpose of the loan funds, or customers may use the loan funds for other purposes.
Yin Hang Finance's 65438+February repayment period has arrived. Can I borrow it again?
You can borrow it if you return it. According to the financial information of Yin Hang, it is known that the repayment period of Yin Hang Finance in June 65438+February has come, and you can borrow money after paying it off. After the early repayment limit is restored, you can apply for a loan again, but whether it can be passed depends on the actual audit results. Other products have no recycling restrictions.