consumer loans for county wage earners

what is consumer loans for county wage earners?

the consumption loan for county-level wage earners is a RMB loan business with specific consumption purposes, which is issued by Agricultural Bank of China to eligible county-level party and government organs, institutions with unified financial payment, enterprises in advantageous industries and core excellent customers at the head office and branch level.

what are the characteristics of consumer loans for county wage earners?

1. Credit loans can be issued. As long as the prescribed conditions are met, our bank can issue credit loans to customers.

2. The loan method is flexible. In addition to credit, mortgage, pledge, natural person guarantee and company guarantee can be adopted, which can be used alone or in combination, with flexible methods and diverse choices.

3. Loans are widely used. Loans can be widely used for various legal consumption purposes such as car purchase, house decoration, study abroad and tourism.

how to handle it?

loan process:

FAQ:

1. Who can apply for county wage earners' consumption loans?

the borrowers of consumer loans for county-level wage earners are the official employees of county-level party and government organs or financial institutions that pay wages in a unified way, and enterprises in advantageous industries such as finance, tobacco, postal services, communications, petroleum, electric power, railways, highways, aviation, urban water supply and gas supply, and core excellent customers at the head office and branch level. The following conditions must be met at the same time:

(1) At least 18 years old and under 6 years old, with full capacity for civil conduct, holding legal and valid identity documents and having a fixed residence in the local area.

(2) There are no overdue loans and malicious overdraft of credit cards when applying for loans, and there are no overdue records of more than 9 consecutive days (inclusive) or 18 days (inclusive) in the last 24 months, unless reasonable reasons can be explained.

(3) Having worked in the current unit for more than one year (inclusive), having a stable income source and the ability to repay the loan principal and interest in full and on time.

(4) The secured loan shall provide legal, effective and sufficient guarantee recognized by the lender.

(5) Open a personal settlement account or a bank card account with the Agricultural Bank of China.

(6) The credit score reaches the specified standard.

(7) It can provide qualified consumer use certificates.

(8) Other conditions stipulated by the lending bank.

2. what are the conditions for a credit loan?

A borrower who applies for county-level wage earners' consumption loans by credit shall meet the following conditions in addition to the basic conditions of the borrower:

(1) The credit score meets the standards set by the Bank.

(2) Having worked in the current unit for more than 2 years (inclusive), the income is stable, and the annual after-tax income is more than 3, yuan (inclusive).

(3) Meet the following minimum job requirements: management personnel at or above the stock level in county-level party and government organs; Full-time key institutions of higher learning at or above the provincial level formally serve as lecturers or above; County-level public primary and secondary schools with brand, teachers and students advantages, moderate debt level and standardized financial management, teachers with intermediate and above titles; Attending physicians in public county-level hospitals with second-class B or above, or with comprehensive income reaching a certain scale and relatively leading advantages in the local area; Enterprises in advantageous industries, core excellent customers at the head office and branch level, and managers at the stock level (inclusive) or above in other institutions.

3. What information does the borrower need to provide?

when a customer applies for a loan for the first time, he/she should fill in the Application Form for Personal Credit Business of Agricultural Bank of China and provide the following materials:

(1) valid identity certificates of the borrower and spouse and proof of marital status.

(2) Relevant certification materials of formal employees.

(3) valid income certificate or relevant materials that can prove the borrower's income and repayment ability.

(4) authorized information of the borrower's personal credit investigation business.

(5) Relevant materials required for personal credit rating.

(6) use certificate or use statement.

(7) guarantee information.

(8) Other materials required by the lending bank.

4. what is the term, interest rate and amount of consumer loans for county wage earners?

(1) The term of consumer loans for county-level wage earners is determined according to the principle of matching customers' repayment ability and income level, which is generally not more than 3 years (inclusive) and the longest is not more than 5 years (inclusive).

(2) Please consult the local business bank for the specific interest rate of consumer loans for county wage earners.

(3) The amount of consumer loans for county-level wage earners is linked to the borrower's wage income, and is determined in combination with the risk degree of the guarantee method

, and there is no limit to the maximum amount.

what is guaranteed loan?

Personal small guarantee insurance loan (referred to as "Baojie loan" for short) refers to a loan for personal legitimate consumption purposes issued by a borrower who meets the loan conditions and buys personal consumption credit guarantee insurance in an insurance company. The longest loan period is 3 years, and the starting point of the loan amount is 1, yuan, with the maximum not exceeding 15, yuan.

what are the advantages of Baojie Loan?

1. The loan targets are extensive. Individual customers who have a fixed residence or a stable work unit in the local area can apply;

2. Loans are used for various purposes. Can be used for a variety of personal consumption purposes except buying a house;

3. The loan procedure is simple. No mortgage is required, and you can apply for the loan on the same day at the earliest.

what are the conditions for borrowers to apply for Baojie loan?

1. Have legal citizenship and can provide legal and valid identification.

2. Have a fixed residence or a stable work unit in the local area.

3. Have a stable economic income, with a monthly income of 2, yuan or more after tax, and have the willingness and ability to repay the loan principal and interest on schedule.

4. No bad credit record.

5. The "XX Insurance Company Personal Consumer Credit Guarantee Insurance Policy" with the insured being China Agricultural Bank has been purchased in the name of the borrower.

what are the processing procedures for guaranteed loan?

1. The customer submits a loan application and relevant materials to the handling bank designated by our bank, and the bank accepts the investigation.

2. The bank examines and approves the information and credit qualification provided by the borrower.

3. The bank signs a loan contract with the borrower.

4. Loan issuance. What is a home improvement loan? ?

home improvement loans refer to credit loans issued to natural persons who have already applied for mortgage loans in our bank, which are used for the decoration of their purchased houses, the purchase of furniture and household appliances and other consumer purposes. ?

what are the advantages of home improvement loan? ?

1. Credit loans are exempted from guarantee; ?

2. The maximum amount is 5, yuan, which can easily meet the decoration needs of your new home; ?

3. The formalities are simple and quick; ?

4. Flexible use of funds. The funds can be transferred to the account of the construction party and the supplier, and can also be directly used for credit card repayment. ?

what are the conditions for borrowers to apply for home improvement loans? ?

1、? Has successfully applied for housing mortgage loan in our bank; ?

2、? Have a stable source of income, in principle, for wage earners; ?

3、? The application score must meet the admission criteria. ?

how to apply for home improvement loan? ?

does the customer apply for home improvement loan? →? Banks investigate, examine and approve? →? Sign loan contract and supplementary agreement? →? Issue loans? →? The borrower repays the loan principal and interest according to the agreed repayment method? →? Go through the loan settlement procedures?

what is a personal comprehensive credit loan? ?

Personal comprehensive credit loan is a business in which the Agricultural Bank of China determines the maximum credit line for individual customers according to their comprehensive credit conditions of mortgage, guarantee and credit, and customers can easily obtain loans within the agreed period and maximum credit line. ?

what are the characteristics? ?

1. One-time credit granting and recycling: you can apply for a credit line at one time and reuse it according to one or a combination of mortgage, pledge, guarantee and credit methods. ?

2. Full use, convenience and flexibility: the loan can be used for consumer purposes such as housing, automobiles, house decoration, comprehensive consumption, and also for business purposes such as individual production and operation, which is flexible and extensive. ?

3. Simple procedures, saving worry and interest: after applying for a loan, the borrower only needs to go through the mortgage formalities once if he mortgages the real estate; It can be repaid with the loan, and the interest is calculated according to the actual loan amount and the actual use days. ?

what are the requirements for bidding? ?

1. 18-65 years old, in good health, with Chinese nationality, valid identification and full capacity for civil conduct. ?

2. Have a permanent residence in the local area. ?

3. Personal legal assets with stable employment, stable legal income or sufficient repayment of loan principal and interest. ?

4. Good credit record and no bad hobbies such as gambling and drug abuse. ?

5. Open a personal account with the Agricultural Bank, and be willing to accept the credit and settlement supervision of the Agricultural Bank. ?

how much is the credit line and how to determine it? ?

the total amount shall not exceed 5 million. ?

total credit line = credit line+guaranteed line+mortgage line+pledged line. ?

how long is the credit period? ?

the comprehensive credit line for individual customers is generally valid for 2 years, and the credit line excluding guaranteed credit shall not be valid for more than 3 years at the longest. ?

what is the term and interest rate of a single loan? ?

the maturity date of a single loan shall not exceed the maturity date of credit at the latest; ?

the interest rate shall be based on the purpose of the loan and in accordance with the relevant regulations of the People's Bank of China and the Agricultural Bank of China. ?

how to apply for a personal comprehensive credit loan? ?

the customer applies for a personal comprehensive credit loan and submits relevant materials → the bank conducts investigation, examination and approval → the bank signs a credit contract and a loan contract with the borrower → the mortgage and pledge method is used for credit granting → the borrower repays the principal and interest of the loan according to the agreed repayment method → the loan is settled?

tip:?

Q: what if my credit expires and I want to continue to use it? ?

A: before the expiration date of the credit line, if you don't have any bad records during the credit period, you can report to the original lending bank in advance, and you can get the credit line again after approval. ?

what is a personal housing "balloon loan"?

Personal housing "balloon loan" is a new repayment method of personal housing loan: the loan interest and part of the principal are repaid in installments, and the remaining principal is repaid once due. ?

traditional repayment mode VS "balloon loan" repayment method?

examples of traditional repayment methods:?

1-year loan +1-year interest rate+monthly payment calculated with 1-year interest rate and 1-year term?

contradiction: in order to apply lower interest rate, the loan term must be shortened, and the monthly supply pressure will increase; ?

in order to reduce the pressure of monthly payment, it is necessary to extend the loan term, so the interest rate increase is applicable. ?

conclusion: low interest rate and low monthly supply cannot have both. ?

examples of "balloon loan" repayment methods:?

5-year loan +5-year interest rate+calculating monthly payment with 5-year interest rate and 3-year term?

conclusion: enjoy low interest rate and low monthly payment. ?

for whom?

Personal housing "balloon loan" has a large principal that needs to be repaid at one time, so it is suitable for customers with strong financial strength. ?

business advantages?

* lower interest rate saves more interest:? You can choose a shorter loan term and apply a lower mortgage interest rate to save interest expenses. ?

* Low monthly payment makes it easier:? Although you choose a shorter loan term (such as 5 years), you can choose a longer term (such as 1 years, 2 years, 3 years) to calculate the monthly payment, so as to reduce the pressure of monthly payment. ?

tips?

Q: I want to enjoy the benefits of low interest rate and low monthly payment of balloon loan, but I'm worried that I can't repay the remaining loan principal in one lump sum. What should I do? ?

A: As long as you have a good credit record during the repayment period, if you can't repay the remaining loan principal in one lump sum at the maturity of the loan, you can apply to the Agricultural Bank for refinancing in advance-you can get the refinancing just by going through the relevant formalities with the Agricultural Bank. ?

what is a personal self-service revolving loan? ?

Personal self-service revolving loan refers to the business that you can lend money and repay money by yourself through telephone banking, online banking, self-service terminals and other channels after obtaining the credit line from Agricultural Bank of China and signing relevant agreements. ?

scope of application?

at present, "self-service revolving loan" can be opened for the following four loan businesses?

◆ Personal comprehensive credit loan?

◆ Personal comprehensive consumption loan?

◆ Revolving loan for individual housing?

◆ Personal employment loan?

what are the business advantages of this product? ?

1. The loan is independent and arrives instantly: when using the money, it can be handled quickly through online banking, telephone banking, self-service terminals, counters and other channels of Agricultural Bank of China. ?

2. Free repayment, saving interest: if you have idle money, you can repay it in advance at any time, saving interest to the maximum extent. ?

3. Sign a contract once and use it many times: open a personal revolving loan once and use it many times. ?

4, anytime, anywhere, personal service: whenever and wherever you have a telephone or network, there is personal loan service. ?

5. The operation is simple, convenient and quick: loans and repayments can be made with a click of the mouse or by dialing the phone, which saves time and effort. ?

I am in charge of my loan. Come and feel the self-service revolving loan of Agricultural Bank of China! ?

how to bid?

apply for personal comprehensive credit loan, personal comprehensive consumption loan, personal housing revolving loan or personal business-supporting loan, and at the same time apply for opening personal self-help revolving loan. After passing the examination and approval, the Agricultural Bank can open it for you. ?

tips?

Q: I used to apply for a housing loan at the Agricultural Bank of China, but it was not a revolving housing loan. Can I open a revolving personal self-help loan? ?

A: You can bring the original loan contract and your documents to the Agricultural Bank to apply for converting the housing loan into a revolving housing loan, so that you can open a "self-service revolving loan"!

what is the repayment of individual loan principal and interest separately? ?

separate repayment of principal and interest of personal loans refers to a repayment method in which the individual loan customers of Agricultural Bank of China can repay the interest and principal in installments according to their respective cycles (months and quarters). ?

for whom?

People who are good at financial management: For example, if you can choose to repay the principal monthly and the interest quarterly, customers can use this part of funds to earn income within two months without paying interest, at least they can earn income from demand deposits and win risk-free reports. ?

people who don't receive fixed income on a monthly basis: if the business capital is turned over once a quarter, they can choose to repay the interest on a monthly basis and repay the principal quarterly, so as to keep the repayment frequency consistent with the income frequency. ?

separate repayment of principal and interest will save me more interest! ?

Mr. Li is an expert in financial management. He can not only make money, but also be good at careful calculation, using various products of the bank to save interest for himself to the maximum extent! ?

Recently, he came to the Agricultural Bank to apply for a personal housing loan with an amount of 8, yuan, a term of 3 years, and an annual interest rate of 5.94%. According to the general matching principal and interest method, he has to repay 4,765 yuan every month. "It's still so much every month, and most of it is interest. It really hurts!" Mr. Li made a whisper in his heart. ?

after the account manager knew his worries, he calculated the latest principal and interest points of Agricultural Bank of China.