In addition, Bank of Communications Huimin Loan is a credit report. Overdue repayment, overdue records will be uploaded to the credit information system of China People's Bank.
Huimin loan is a personal credit loan launched by Bank of Communications, which is mainly aimed at low-income wage earners. The maximum loan amount is 300,000 yuan and the loan period is 36 months. This is a personal consumption loan. Huimin loan application is completed online, and the approval speed is very fast.
First, Huimin loan mainly targets four types of customers, including Bank of Communications credit card, mortgage house, punch card salary and provident fund payment.
Huimin loan is a credit loan product. Not every user can apply for Huimin loan. Users need to meet certain requirements when applying for Huimin loan, mainly for four types of users.
Huimin loan is mainly aimed at four types of users, such as Bank of Communications credit card, mortgage house, punch card salary and provident fund payment. Why target these users? The main reason is that the users who meet these four conditions are relatively stable, and it is relatively safe to issue credit loans to these users. For example, if the user has a Bank of Communications credit card, then Bank of Communications can see the user's past repayment records, so as to analyze the user's repayment ability and repayment habits; If the user has a mortgaged house, then the asset strength of the user is still relatively strong, and such customers are relatively stable and are users that banks like; For users who have punched in their wages and paid the provident fund, the income of such users is relatively clear, which can effectively analyze the repayment ability of users.
Second: the main elements of Huimin loan products, with a maximum of 300,000 and a maximum of 36 months.
Huimin loan is a credit loan product, with the maximum loan amount not exceeding 300,000 yuan and the longest term not exceeding 36 months.
The loan amount is low. For banks, the risk of such loans is relatively small. If users pay a small amount of loans overdue, the default cost of users is too high, and most users will not pay a small amount of loans overdue. In order to control the loan risk, the repayment method of Huimin loan is equal principal and interest. User's monthly repayment includes loan principal and loan interest. The user's loan principal is gradually decreasing every month, the possible risk loss of the bank is also gradually decreasing, and the default cost of the user is getting higher and higher.
Huimin loan is a credit loan product launched by Bank of Communications. The loan situation will be reflected in the personal credit report. If the user benefits loans overdue, the overdue record will be reflected in the personal credit report, which will affect the user's subsequent loan application. The interest rate of Huimin loan is around 10%, which is still in line with the market interest rate of credit loans and has certain market competitiveness.