In life, you may often hear the word "credit line", which mainly exists in the credit industry, and the expression result is a specific number in RMB. So, what does "pre-credit line" mean? Is it an extension of the meaning of credit limit? Or does it mean something completely different? Next, let's take a look.
1. What does the pre-credit line mean?
Text disassembly, "advance" refers to what is expected and initially given, which may not be achieved or realized, while "credit line" represents the specific loan line given around the applicant's comprehensive credit qualification.
Together, it is the expected amount of credit loans, and the actual amount needs further examination and confirmation.
Second, for example.
Assuming that the pre-credit line is 50,000, the actual credit line may only be 40,000, which is 55,000 higher than the pre-credit line.
Warm reminder, the advance credit line will generally be higher than the actual credit line, because it is necessary to attract users to apply first and then give the actual approval results. This is similar to attracting people to buy things. The lowest price is called at the door, and the actual purchase price is often higher, which takes advantage of the customer's pursuit of good quality and low price.
Three. Understand other relevant credit lines.
1, maximum credit line
That is, the upper limit, for example, the maximum is 200,000, the early credit line can be 6.5438+10,000, and the actual credit line can be 50,000.
2. Comprehensive credit line
It can be understood as a revolving credit line. For example, the actual comprehensive credit line is 50,000, which can be divided into five loans 10000. If 65,438+00,000 yuan is paid off, it can be divided into 65,438+000 loans, which can be recycled regardless of time, amount and times.
3. General credit line
Most of them are single loan credit lines, such as a general credit line of 50 thousand. You can choose to lend all the loans of 30 thousand or 50 thousand. After the loan application is successful, only the credit line of the next loan can be re-examined.
The above is about "what does the pre-credit line mean?" I hope it can help you understand.
What does the pre-credit line mean?
1. Pre-credit line refers to the maximum loan line approved by commercial banks or financial institutions for customers' reference according to their credit status. The pre-credit line does not represent the actual loan line, and the actual loan line is subject to the system audit results after the customer applies.
2. It should be reminded that the pre-credit line is generally higher than the actual line, mainly to attract customers to apply, depending on the actual effect.
For more information about the meaning of pre-credit limit, please visit: See More.
What does the pre-credit line mean?
Pre-credit line generally refers to the maximum loan line authorized by a commercial bank to a specific user, but this pre-credit line is not the final loan line, and users need to submit relevant application materials to meet the requirements of the bank before making loans. If the requirements of the bank are not met, the loan amount will be reduced or the bank will refuse to lend.
Users are generally required to submit personal valid identity information, bank cards, work certificates, bank accounts, etc. When banks apply for loans, they should also make sure that their personal credit information is good. If the personal credit is not good, the bank will refuse the loan. It should be noted that bad credit information cannot be changed.
Users should consult different banks when handling loans, so that they can know which bank has low loan interest rate and which bank meets the requirements. When handling loans, banks should also decide the loan amount according to their own income, so as to avoid being unable to repay on time after the loan amount is too large.
When handling loans, users can choose different repayment methods such as matching principal and interest, average capital, interest priority and one-time repayment of principal and interest. General banks will provide repayment methods, users can choose according to their own actual situation, and can repay in advance after handling loans.
What does the prepaid amount mean?
Pre-credit line generally refers to the maximum loan line authorized by commercial banks to special customers, but this line is not the final loan line, and customers need to submit relevant application materials before lending. If the bank's regulations are not met, the loan amount will be reduced or the bank will refuse to lend.
(1) Pre-credit process
1, pre-sale letter application
When a customer visits a 4S shop to see a car, the dealer's credit staff recommends that the customer log on to the website of the financial company to learn about the credit policies of various brands and models, submit personal information such as name, ID number, occupation, income and contact information online, submit credit inquiry authorization on the data uploading interface, and apply for online pre-credit on the website.
Or by scanning the QR code of the 4S store, the dealer will assist the customer to fill in personal information such as name, ID number, occupation, income and contact information, submit the image of the authorization letter for credit inquiry, and submit the pre-credit application.
2. Pre-credit approval
After receiving the customer's application, the financial company system will automatically give the pre-credit result in combination with the customer's industry, credit information, information of the Ministry of Public Security, risk control model and other personal information.
At the same time, the system automatically sends the pre-credit result short message to the applicant. If the customer's conditions do not meet the pre-credit requirements, it will be rejected and the process will end.
If approved, the approved result will be sent. The approved pre-credit results include signal granting, credit amount and recommended financial products. The pre-credit approval limit is valid for a certain period of time.
3. Formal application after the pre-credit is approved.
During the validity period of the credit, the customer can submit an application for loan products within the pre-credit line when selecting the vehicle type. This application only needs to supplement relevant information such as vehicles.
4. Formal approval
After receiving the approved customer pre-credit application, the financial company system comprehensively judges the customer information and loan application, and directly issues the audit conclusion that meets the second batch of standards. Otherwise, it is necessary to submit more comprehensive information or add co-borrower and guarantor, and enter the manual telephone survey or field survey for traditional approval.
(2)
Pre-credit model alleviates the disadvantages of traditional model and increases the interactive experience between financial enterprises and customers, from passive participation of customers to active participation of pre-credit. In the Internet era, creating interaction with customers and bringing high satisfaction to customers will directly promote customers' enthusiasm for car loans.
At the same time, pre-credit enables customers to communicate directly with financial companies, avoiding the intervention of dealer credit personnel in the choice of customer credit products, and reducing the time for dealers to communicate with customers and financial companies back and forth. The pre-credit model will be gradually improved and popularized with the development of Internet finance.