The central bank takes action! These loan schemes are out of date
On the last day of March, the central bank made a major statement on loan interest rates!
The People's Bank of China issued an announcement on March 31 that in order to maintain the order of competition in the loan market and protect the legitimate rights and interests of financial consumers, all loan products should clearly indicate the annual interest rate of the loan.
Image source: People's Bank of China
The daily interest rate should not be more obvious than the annualized interest rate
The announcement stated that all institutions engaged in loan business should be listed on the website, When marketing through mobile applications, posters and other channels, the annual interest rate should be displayed to the borrower in an obvious way and stated when signing the loan contract. Daily interest rate, monthly interest rate and other information can also be displayed at the same time as needed, but It shouldn't be any more obvious than the APR.
The reporter noticed that the current information on some loan products still shows daily interest rates rather than annual interest rates.
“There is an unspoken rule for online loans that emphasizes the promotion of daily interest rates. The annual interest rate may sometimes be marked, but it is often in a very small font size and is not easy to notice. I was attracted by the daily interest rates at that time. Confused." A financial consumer who had used an Internet platform for loans told reporters.
For example, the promotion page of a certain food delivery app's loan product only shows the introduction of "1,000 yuan for one day, the lowest interest is 0.3 yuan."
Source: A food delivery app
The reporter also found on a bank app that the bank’s loan product only showed a daily interest rate starting at 0.025 on the promotion page, and did not clearly indicate the annual interest rate.
The China Banking and Insurance Regulatory Commission recently clearly pointed out that some institutions or online platforms unilaterally emphasize favorable conditions such as low daily interest rates, interest-free periods, and zero-interest installments when promoting. The research team of the Financial Consumer Rights Protection Bureau of the People's Bank of China has also previously emphasized that some small loan products basically show consumers a daily interest rate. When converted into an annualized interest rate, the interest rates are higher than those of bank credit cards.
Curbing Vicious Competition among Financial Institutions
This announcement is an important measure taken by the regulatory authorities to strengthen the management of the Internet loan business. Consumer finance expert Su Xiaorui said, "Previously, some financial institutions and Internet platforms did not disclose, under-disclosed loan interest rates or provided inducements during the business development process, which was suspected of infringing on the legitimate rights and interests of financial consumers and was not conducive to the healthy development of the consumer finance market."
Su Xiaorui emphasized that this regulatory move aims to unify the disclosure method of loan interest rates from the perspective of financial marketing and publicity, which can not only curb financial institutions from using loopholes in improper publicity to engage in vicious competition, but also protect financial consumption. This will help to promote healthy competition in the consumer finance market in the long run.
It is worth mentioning that this announcement clarifies that the annualized loan interest rate should be calculated based on the ratio of all loan costs charged to the borrower and the actual loan principal occupied, and converted into an annualized form. Among them, the loan cost should include interest and various expenses directly related to the loan. The loan principal should be stated in the loan contract or other debt certificates. If the principal repayment method is adopted, the actual loan principal occupied shall be calculated based on the remaining principal after each installment.
Image source: People’s Bank of China
“In recent years, chaos has occurred frequently in the loan market. In addition to data security, violent collections, etc., different standards and opacity of interest rates are also problems. "One." Yu Baicheng, president of Lingyi Research Institute, said that there are also disputes in the industry about the calculation method of interest rates for amortization loan products. Some use nominal interest rate (APR) and some use internal rate of return (IRR). , generally speaking, the standards of IRR are more stringent. In the future, based on the transparency of interest rate information, borrowers will pay more attention to and compare interest rates. Among similar products, products with high interest rates will be greatly affected.
Su Xiaorui said that the announcement marked the IRR method to calculate costs, and provided two options: one-time repayment of principal and interest, and installment repayment, which can not only unify the calculation method of loan interest rates, but also provide opportunities for institutions to calculate costs. Provide effective reference for subsequent practice.
In addition, the announcement stated that institutions engaged in loan business include but are not limited to depository financial institutions, automobile finance companies, consumer finance companies, companies, and Internet platforms that provide advertising or display platforms for loan business.
Industry experts also reminded that Internet platforms that provide advertising or display platforms for loan businesses may become a regulatory "depression". The sources of loan business of some Internet platforms are very diversified, and whether they can be implemented in compliance with regulations in the future remains to be considered. .
Original title: "The Central Bank Takes Action!" These loan routines are out of date”
Loan salesperson business card template design pictures
Generally speaking, for loan types such as personal comprehensive consumer loans and personal credit loans, the conditions for applying for a loan are very To a large extent, loans are granted based on the individual's credit accumulation in the bank. So how to design the loan salesperson's business card? Below I have compiled the loan salesperson business card template design pictures for you, I hope it can help you!
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Comprehensive picture of bank credit loans
ICBC has just launched an "e-borrowing" service this year. If you often do business with ICBC, you can check how much credit limit you have through online banking. You can help yourself, borrow and return at any time, and it is very convenient to get the money. But it won’t work if the amount is large. All banks are very cautious when it comes to credit loans.
Pinggli Puhui Loan Promotional Picture
Bank loans do not have such strict restrictions. As long as you meet their loan requirements and conditions, you can get a loan.
For more knowledge about loans, please search "Dazao this" online to learn more.
Mortgage borrowers must meet the following conditions at the same time:
1. Have a legal identity.
2. Have self-raised funds of more than 30% of the total price of the house purchased (for those who purchase a self-occupied house with a floor area of ??less than 90 square meters, the self-raised funds ratio is 20%), and guarantee that it will be used for Make a down payment on the home you are purchasing.
3. Have assets approved by the lending bank for mortgage or pledge, or/and a legal person, other economic organization or natural person with sufficient solvency as a guarantor.
4. Have stable economic income, good credit, and the ability to repay the principal and interest of the loan.
5. Have legal and valid contracts and agreements for purchasing, constructing, and overhauling housing, as well as other supporting documents required by the lending bank.
6. Other conditions stipulated by the lending bank.
The credit record of the final lender should be good. If you do not go through an intermediary company in terms of fees, you will need appraisal fees, mortgage fees, stamp duties, etc. The appraisal fee is the bulk, usually five thousandths of the appraised value. The house appraisal fee 100,000 yuan is 500 yuan, and the mortgage fee and stamp duty are 100 yuan each. For other fees, please contact each bank.
That’s it for the introduction of the collection of promotional loan pictures.