I have been engaged in the loan industry for almost three years, and today I want to write something for everyone to share. The following is my own self-understanding and opinion on the credit industry

There are two general directions of loans, the first is secured loans and the second is unsecured loans. They are further divided into corporate secured loans and corporate unsecured loans. Personal secured loans, and personal unsecured loans. There is also a type of loan called multi-party joint guarantee, which is also divided into multi-party joint guarantee for enterprises and multi-party joint guarantee for farmers.

Now let’s introduce: corporate loans. In principle, if a company wants to get a loan in Shanghai, it needs a real estate mortgage. Others, such as equipment mortgage, inventory mortgage, accounts receivable mortgage, car mortgage, machine mortgage, etc. are difficult to achieve. Real estate includes residences, factories, shops, and office buildings. Among them, the red certificate real estate certificate in the factory cannot be used as mortgage. Unsecured corporate loans generally require that the company has been established for more than one year and has normal corporate turnover of at least RMB 50,000 per month, otherwise it will be difficult to get approved. Secured loans are generally only available to large companies. Small and medium-sized enterprises generally need to take loans jointly guaranteed by the three banks.

Personal loans mainly refer to housing loans and consumer loans. Everyone is familiar with mortgage loans. One thing that needs to be noted is that if funds are not very tight, it is more cost-effective to choose the repayment method of equal amounts of principal than equal amounts of principal and interest. In layman's terms, the one with decreasing monthly repayments is much more cost-effective than the one with the same monthly repayments. Consumer loans are special. If you own a house in Shanghai, but don't open a company, it is difficult to get a loan. Many people find this situation strange, but it is indeed the case. And I heard that it started to be like this after 2007. Therefore, consumer loans are more popular now. As long as you own a house in Shanghai, preferably less than 15 years old and not too low in value, you can apply for this loan. The loan amount is generally 50% of the value of your house. Of course, we don’t guarantee that you will get approval.

There are also unsecured loans among personal loans, but unsecured loans are also more difficult. If you do not have continuous monthly salary for more than 3 months, or your name is on the Shanghai real estate, it will be difficult to get approved. And the monthly card entry requirement is at least 2,000 yuan. Don't think that the interest rate of this loan is not very high. The bank that operates this loan also has many expenses such as insurance premiums, management fees, etc. If your monthly card income is 3,000 yuan or more, some banks have launched an unsecured loan with a relatively low interest rate. This loan generally takes 3-5 working days and is almost likely to replace the original provident fund decoration loan. Those who need it can contact me.

There are also short-term loans and advance funds on the market. Short-term borrowing is short-term borrowing. Generally, this loan is needed when the bank cannot approve the order due to various reasons, or when the funds are needed urgently and for a short period of time (up to six months to a year). This loan usually requires a house or car in your name as collateral. There is also a kind of private loan called salary card mortgage loan. It’s similar to the bank’s personal unsecured loan, but this one is mainly for Shanghai locals. (This business is mainly for those who have a little problem with the bank’s credit report, and the bank can’t lend to the bank’s personal unsecured loan, or who need to turn around the funds on the same day). Advance capital is also called bridge loan. That is, if your loan is about to expire, someone will help you repay it when it is due, provided that your loan has been approved. Otherwise, generally no one will advance the funds.

Here, there are a few little things to mention here,

1) Many people write their children’s names on the property certificates in order to avoid taxes. In fact, there is no need. Inheritance tax has not been mentioned for a long time. In other words, it is very troublesome to get a loan for this kind of house.

2) Cherish your credit, mainly mortgage and credit cards. Remember to repay your credit card. If you don’t have the money, you can choose the minimum repayment amount to repay. It’s best to bind a debit card. It is best to keep the 2-month repayment amount in your account at all times to avoid forgetting.

3) If you really need funds, regardless of whether you have a real estate mortgage or not, as long as you are not a defaulter, not a gambler, have good character, and have suitable uses, please contact me. I will try my best to use my professional knowledge and contacts to serve you. Of course there is no guarantee of success.

4) Interest rates are now very low, house prices are already very high, and the stock market is risky. If you have spare money, we will help you find people who need funds. You can decide whether to lend or not. The yield is much higher than that of banks. No need to save money.

5) Try to deposit your salary into the card instead of cash. This will help you get a loan.

6) Try to conduct transactions in the private bank account where your wages are paid into the card, and do not open too many private bank cards. It’s also good for your loan approval.

7) If you are looking for a loan from a loan company, do not believe that interest will be charged before the loan is successful.