Where can I apply for a personal unsecured loan in Yiwu?
Formal personal unsecured loan business is mainly handled by banks, some loan companies and electronic financial institutions.
First, banks are the mainstream channel to apply for formal personal unsecured loans. With the increasing popularity of personal unsecured loans by users, major banks have also lost no time to launch personal unsecured loan products.
Secondly, with the development of the times and the prosperity of the financial market, many non-bank channels have also launched personal unsecured loans, among which P2P peer-to-peer lending is a familiar and recognized channel for the public.
Third, formal lending institutions have strict loan approval procedures. Even if the lender is not required to provide collateral, it is necessary to review the credit history, income, work or operation of the lender, and there are strict restrictions on the loan amount and loan term.
How to review individual unsecured loans in Yiwu?
(1) Personal credit records, especially the credit records of the applicant in the bank account, to see if there have been any bad behaviors such as overdraft and refusal to pay.
(2) Personal debt ratio. Under normal circumstances, banks will only consider providing unsecured loans to applicants if their debt service burden does not exceed 25% of their after-tax annual income.
(3) Personal employment records. The general standard of a bank is that an applicant must have a stable job and a reliable income in order to repay the loan.
(4) the upper limit of the loan amount. The determination of the upper limit of the loan amount mainly depends on the applicant's basic income level, debt level and loan period, and then makes a comprehensive evaluation. The general standard is that unsecured personal loans do not exceed 65438+ 0.5 times the applicant's monthly basic income.
(5) loan term. For loans for tourism, personal income tax and other purposes, the loan period provided by banks is generally within one year. For loans for other purposes, the loan period of the bank usually does not exceed two years.
(6) personal insurance. Although unsecured personal loans do not require the borrower to provide mortgage, banks should still consider how to recover the loan in case of the borrower's death, disability and other unexpected circumstances.
Through the explanation of the above article, I believe everyone has some understanding of where to apply for personal unsecured loans in Yiwu and how to audit personal unsecured loans, hoping to help those in need.