Strong asking price for cash by installments:

The real interest rate is close to 17%, which is comparable to P2P

"Customers should upload relevant consumption vouchers as soon as possible, without invoices or receipts", said the customer service staff of a bank, and the regulatory authorities had clearly stipulated that "the proof materials of the use of consumer loans should not be replaced by receipts or transaction contracts (agreements)"

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among all kinds of unsecured and unsecured loans, credit card cash installment business is actually an alternative one, which seems to be equally risky, but banks hold the core big data of borrowers, and its annualized rate of 16% or even 17% is really enough to make many P2P companies greedy.

The superficial rate of cash installment is low

The actual income is amazing

On the official website of many banks, the cash installment business appears on the home page or the home page of the credit card channel. The biggest feature of bank credit card cash installment business is that it does not need any mortgage and guarantee. After the customer's application is approved, he can get the money as soon as the next working day. At present, different banks have different requirements for the loan ceiling of this business, and the maximum loan amount ranges from tens of thousands to hundreds of thousands of yuan.

although the scale can't be compared with the corporate loans that cost hundreds of millions of yuan, the cash installment business is probably one of the businesses closest to the so-called "profiteering" for banks, and its price is quite high.

Take a credit card installment business with a total amount of 12, yuan as an example. According to the time limit of installment, banks charge different fees. The customer service staff of a credit card center of a joint-stock bank told this reporter, "If you choose to stage for more than 12 months, the handling fee will be charged at .75% per month; If it is only divided into three phases, the handling fee will be charged at .95% per month. " Based on this calculation, the total expenses for handling fees in 12-month installments are 12, * .75% * 12 = 1,8 yuan; The total handling fee for three-month installment is 12, * .95% * 3 = 342 yuan. On the surface, the annualized rate of the above-mentioned charging standard is around 9%, but in fact, the bank's rate of return is far more than that.

according to the bank's official website data, the user's handling fee for installment payment is calculated by multiplying the total amount of installment payment by a certain rate coefficient at the beginning of the period, not by the remaining monthly loan amount.

However, taking the above-mentioned loan of 12, yuan as an example, it is obvious that the cardholder does not always use the loan amount of 12, yuan, but decreases month by month. Considering the average capital occupation of 12 months and 3 months, the monthly decreasing speed is 1 yuan and 4, yuan respectively. According to this calculation, the average monthly capital occupation is about 65 yuan and 8 yuan.

according to the calculation method considering the declining factor of each installment, the actual handling fee rate of 12 installments is 18/65, and the result is 16.6%, while the annualized handling fee rate of 3 installments is even higher, reaching 17.1%.

the handling fee standards of different banks are different (for example, the average monthly rate of another bank is .85%, but there is little difference in general).

just from the perspective of the rate, the "profiteering" degree of cash installment business has been matched with that of P2P. The February monthly report of P2P online lending industry released by Online Lending House recently shows that the comprehensive rate of return of P2P industry dropped to 15.46% in February, and it is predicted that the comprehensive rate of return of the industry will drop to 12% to 13% by the end of this year. It should be noted that the comprehensive rate of return of P2P industry is the rate of return of investors, and the capital cost of enterprises often adds about 1.5% of the platform fee, and the current average is generally 17%.

however, in terms of asset quality, the overall quality of the bank's cash installment business should be better than that of P2P, because its loan customers are actually selected from the existing ordinary credit card customers of the bank, and the analysis data held by the bank is more detailed. Moreover, according to the regulations, the fund use of credit card cash installment business must be within the scope stipulated by the bank, and it should not be used for investment (including but not limited to house purchase, stock, futures and other equity investments), but only for consumption (including but not limited to decoration, home appliances, wedding, car purchase, student aid, tourism, medical care, etc.).

however, the asset quality of loan customers in P2P industry is often mixed, and the investment of funds is uncertain. Some funds flow into futures, stock market and property market, and the risks are further amplified. From the principle of risk pricing of credit funds, the pricing of cash installment business of banks is stronger than that of P2P industry.

Receipt as evidence

Doubtful compliance

If the loan is "high-priced", how can the bank ensure the use and safety of its funds? The core answer is the proof of consumption.

The requirements of banks are basically the same, that is, cardholders must keep the relevant consumption vouchers of cash payments obtained by successfully handling cash installment. "Customers should upload the relevant consumption vouchers as soon as possible, and if there is no invoice, a receipt will do, and the details should be audited by a special background auditing department," said the customer service staff of a credit card center of a listed bank during an unannounced visit to our reporter.

according to the reporter's understanding, if the cardholder fails to upload relevant vouchers or prove that the above cash payment is used for the agreed purpose, it will constitute a breach of contract, and the bank may require the cash installment customer to pay off the installment balance and handling fee in one lump sum. When asked by a reporter, the customer service staff of the bank only said that it may be necessary to pay off the voucher in advance, but it did not mean that the customer needs to pay liquidated damages or be blacklisted.

Similar to the nature of cash installment, ordinary bank consumer loans that are not based on credit cards also need no mortgage and guarantee, and need to be invested in specific consumption areas, and their quota and term can be as high as one million yuan and ten years respectively.

Last year, Beijing Banking Regulatory Bureau issued the Notice of Beijing Banking Regulatory Bureau on Risk Warning in the Field of Personal Comprehensive Consumer Loans in official website, saying: "In our daily supervision, our bureau found that the system content of individual comprehensive consumer loans of individual banks is not prudent enough, and the loan amount is large and the term is long, which obviously does not match the daily consumption attributes; Problems such as dereliction of duty in loan investigation, lax approval, ineffective post-loan management, and lax employee behavior management have caused loans to be misappropriated for stock market investment, housing purchase, production and operation. " The "Notice" also requires that banks "should strengthen post-lending inspection through on-the-spot investigation, account monitoring and interviews with related parties. Proof of the purpose of the loan shall not be replaced by receipts or transaction contracts (agreements). "

that is to say, the "just upload the receipt" in the customer service mouth of the above-mentioned joint-stock bank proves that the use of the cash installment loan is suspected to be inconsistent with the regulatory requirements.

According to the reporter's understanding, even if banks are really strict in post-lending management and ask for real consumption invoices, there are still loopholes in the cash installment business of consumer loans or credit cards.

The loan officer of a guarantee company contacted by the reporter once said that the company can handle consumer loans without asking about the real use of the funds. The core of its "success" is that the company has cooperated with many sellers of luxury accessories such as ornaments, antiques and mahogany furniture. If it is a business loan, the amount can be very large.

according to the requirements of the regulatory authorities, "the sales invoice should be used as the proof of the authenticity of the trade background when the loan is entrusted for payment; Loans paid independently should be based on sales invoices, trading market supply documents, merchants' electronic bills, bank card swipe documents and other consumption documents as proof of the authenticity of the trade background. "

according to the loan officer of the above-mentioned guarantee company, as long as the customer pays .5% of the purchase invoice fee, the guarantee company can introduce the loan funds of consumer loans into the accounts of the luxury accessories dealers it cooperates with through entrusted payment, and the dealers will issue real invoices (but without real transaction background) to deal with the loan review of the bank, and the guarantee company will be responsible for transferring the funds from the dealers to the loan customers. < ! --/enpcontent-->