The role of loans
Personal consumption loans refer to personal loans for reasonable purposes issued by banks to borrowers who apply for purchasing consumer goods or services. Personal comprehensive consumer loans refer to RMB guaranteed loans issued by banks to borrowers, which are not limited to specific consumption purposes. Customers apply for loans from banks for consumer goods or services for reasonable purposes, mainly for personal housing, general student loans and other consumer personal loans.
Loan decoration, now some banks also support decoration loans, corporate loans, by borrowing from lending institutions, thus helping enterprises solve the financial problems encountered in the course of operation. Personal consumption uses credit cards, flowers or white bars for shopping, thus solving the basic needs of life.
Loan to buy a house, because the current house price is too high, few people can buy a house in full. So most people will choose to pay the down payment first, and then pay by installment through the mortgage. Buying a car with a loan is the same as buying a house with a loan. Paying the down payment first and then repaying it in installments helps the borrower to reduce the economic pressure.