With the change of people's life concept, people are more and more recognized to buy a car with a loan. Many people choose to apply for loans from auto financing companies when they borrow money to buy a car. Today, I'd like to introduce the loan products of Beijing Modern Finance to you, hoping they will be useful to you.
There are many loan products of Beijing Hyundai Motor Finance, including new car loans and used car replacement loans. Today, I will introduce these loan products to you respectively.
Long voyage belt
Changhang loan is a loan product suitable for first-time car purchase. The down payment ratio is 40% of the total car price, and the loan period is 24-36 months. Borrowers can enjoy safety management services.
Replacement loan
Replacement loan is a loan product designed by Beijing Hyundai Motor Finance for car owners, with a minimum down payment of 20% and a loan term of 36 months.
Fixed loan
Fixed deposit and loan is a loan product specially designed for people with insufficient income at present. The minimum down payment is only 20%, and the loan period is between 24 and 36 months. There is no need to pay loan interest if the principal and handling fee are returned in equal amount every month.
These are the mainstream loan products of Beijing Modern Finance. The loan products of Beijing Hyundai Finance mainly adopt equal principal and interest repayment method and 5050 repayment method. Matching principal and interest repayment method means that the loan amount is the same every month. 5050 repayment method is 50% down payment, and the remaining 50% loan principal will be returned in the last repayment month.
The loan products of Beijing Hyundai Finance basically include all models of Hyundai Motor, such as Na Yue, Sonata, Yi Rui and Mingyu. Generally speaking, the loan products of Beijing Hyundai Finance have the advantages of complete models and flexible repayment methods.
How to design a financial product?
First, find a suitable project.
Items can be liquidity demand, fixed assets investment demand, specific payment demand, debt repayment demand, etc. There are many people in this world who want to borrow money. After finding the project, understand the three needs of the financier: the time needed, the time limit and the amount of funds. Then, according to the borrower's industry and current regulatory policies, several financing methods that can meet his needs are roughly determined.
Second, judge the solvency of the financier.
This is very complicated and needs long-term experience and rich knowledge to judge. I will try my best to share what I know with you. I am used to dividing the solvency into two types according to the repayment sources, one is the cash flow from continuous operation, and the other is the cash obtained from the realization of assets. The former's solvency can come from operating a single asset, from the borrower's comprehensive profitability, or from some kind of equity. The latter often comes from the second repayment source such as collateral or joint and several liability guarantor.
Third, complete the product design.
Through a series of technical analysis, hypothesis, evaluation and calculation, the above matters are analyzed and the debt is repaid to the financing party.
The ability to make judgments requires determining the following:
1 financing cost.
It is certain that the risk determines the return. Determining the cost with customers is a very important bargaining process.
2 source of funds. Consider what kind of capital investment to use according to financing cost, term and risk. As a bank, this
There are three kinds of funds:
Deposits and self-owned funds. Off-balance sheet funds. These three funds have different costs and can be invested in different fields.
Only deposits can be used to issue loans, and self-owned funds need to be bound by laws such as the Commercial Bank Law, while off-balance-sheet funds are restricted by factors such as industry investment and the quota of non-standard products. After determining the funds, you need to fully consider your financing ability and find a balance point (this will be discussed later).
3 transaction structure. After selecting the source of funds, we began to determine the transaction structure. First, pack and prepare enough cash flow.
Second source of repayment. Then find a suitable channel to launch fundraising. It is very important to determine the costs of all parties. The more agencies you handle, the more fees you have to pay. After the transaction structure is selected, the basic design of the product is completed, and after passing the legal review, you can start raising funds or invest the funds already raised. In reality, investors will have various needs, so after the product design is completed, some modifications may be made. The above is just an ideal situation.
Financial products ([1]FinancialProducts) refer to various carriers in the financing process, including currency, gold, foreign exchange, securities, etc. In other words, these financial products are the trading objects in the financial market. The supply and demand sides form the price of financial products, such as interest rate or yield, through the principle of market competition, and finally complete the transaction to achieve the purpose of financing. Such as stocks, futures, options and insurance policies are all financial assets, also known as financial instruments and securities.
Finance at least looks intangible, changeable, complex, colorful and messy, so the division of financial products is also diverse:
First of all, financial development is gradual, so financial products can be divided into two categories: basic securities such as stocks and bonds and derivative (advanced) securities such as futures and options. Secondly, according to the ownership attribute, financial products can be divided into two categories: property products such as stocks, options and warrants, and debt products such as national debt and bank credit products. The former is the relationship between property rights and the latter is the relationship between creditor's rights. Furthermore, according to the expected income, wealth management products can be divided into stocks, options, funds and other non-fixed income products. And various fixed (also called structured) products such as bonds and credit products. Finally, financial products can be divided into short-term products, long-term products, low-risk products, high-risk products, currency (market) products and capital (market) products according to the length of time, risk degree and trading place.
Mortgage or mortgage, which is cost-effective
The repayment method of mortgage loan is generally five-year credit, with interest paid every month. When the principal needs to be repaid in one year, the bank will reissue the loan within the quota. This repayment method needs a lot of money. When you return the principal every year, you need to prepare the principal and return it to the bank at one time. It is difficult for ordinary families to come up with such a sum of money. At the same time, the annual repayment will involve the annual loan, and the bank cannot guarantee the smooth issuance of the annual loan. In case the bank policy is adjusted and the loan cannot be realized, the borrower will be under great pressure. Housing mortgage is different. As long as the borrower repays the loan on time after buying a house, then the bank will not ask for repayment in advance. Because of the long term of housing mortgage loan, the monthly repayment pressure of borrowers is small.
2. From the perspective of loan use.
The original intention of different loan products is to have corresponding use considerations. For example, mortgage loan, because the term of mortgage loan is short, is designed for business operation when developing this product. Because the business will generate a certain amount of cash flow, the business has the ability to repay the loan principal after the maturity every year. There are great risks in the operation of enterprises, so the short term of mortgage products means that there are unpredictable risks in the operation of enterprises in the next few years, which will affect the subsequent repayment. The purpose of the mortgage loan product itself is to buy a house for buyers. The mortgage loan has a long term, and the borrower's repayment pressure is small, which meets the actual needs of buyers.
Whether you can get a loan from a bank depends on the following points.
Nowadays, social loans have become a common way. Many people sometimes choose to apply for a loan, but after submitting a loan application to the bank, they find that they cannot get a loan. There is obviously no problem with their credit information. Why can't they get a loan?
Today, I will provide a list of how to get a loan for students in Xiao Xin.
The design of bank loan products can basically be summarized as follows: mortgage loan, mortgage car loan, policy loan, provident fund loan, social security loan, punch card salary loan, tax loan and commercial loan.
You have a mortgage, a car, an insurance policy, a provident fund, social security, a punch card, and a tax record (you must have one or more of them) to have the basic conditions for handling loans in a bank. If you have nothing, it is difficult to get money from the bank.
Personal credit survey
Personal credit report may be the blind spot of most people's knowledge and has not been taken seriously by everyone. Many people will feel that their credit information is very good. But the reality may not be what you think. On another day, students in Xiao Xin will write an independent article about personal credit report. However, it is difficult to get a loan if there are the following situations in the credit investigation. So what do banks mainly look at?
Overdue records mainly include credit card overdue and loans overdue. So to what extent will banks refuse loans? It depends on which bank you apply for. Different banks have different requirements.
Generally speaking, all accounts cannot be overdue at present; There cannot be two m 1 s within half a year (there are two records within half a year that are overdue for no more than 30 days), and it is best not to exceed 6 m 1 s within the last two years (no more than 6 times within 30 days) and no M3 (overdue for more than 90 days).
What is a query record? Every time we apply for a credit card or loan, the bank or lender will check our credit history to determine whether we need a loan.
Every credit card application, every loan application. Inquiry records will be recorded in our credit investigation. Most banks require no more than four inquiries in the last two months and no more than six inquiries in the last three months. The more inquiries, the more difficult it is for the loan to pass.
Of course, again, different banks have different requirements. Xiao Xin, a warm reminder: Don't click on the so-called online loan to measure interest. Even if the query record is not reflected in the credit report after clicking, it will be recorded in the big data system, which is not worth the candle.
Debt ratio is the ratio of your assets to your liabilities. Banks use this indicator to judge whether you have enough repayment ability. For example, Yue Ming's income is 1W, but the monthly repayment amount of credit card plus loan is 15000, which means that the debt ratio is seriously exceeded, and the application for bank loan will definitely be rejected because of insufficient income.
So how does the bank calculate your debt ratio? There is a set of methods to determine the ratio of income to debt within the bank. Your monthly income MINUS your monthly payment, the debt ratio does not exceed 80%.
Calculation method of monthly income: every asset in your name (mortgage house, mortgage car, insurance policy, provident fund, social security, punch card salary, tax record) can be counted as your monthly income. For example, if you have a mortgage house with a monthly payment of 5,000 yuan, the bank will make your monthly income according to your monthly payment time, which is generally 6 ~ 10 times of the monthly payment, then your monthly income is 5w at this time. Subtract the monthly repayment amount of all your loans from this month's income (the credit card only calculates the usage limit of 10%), and the result is below 80% of 5w, then your debt ratio is a normal level. In any case, you need to reduce your debt, that is, settle some other loans in advance.
Suspected false information is one of the main reasons for loan rejection. Then what is suspected false information? That is, when we made a loan, the information on the application form was inconsistent with the information verified by the bank. Generally speaking, it will be reflected in the following three aspects:
Many borrowers have no work units. So I filled in a fake unit. But the bank will call the company to verify your real work information. If there is no verification, it will be rejected directly.
The bank requires you to fill in several contacts when making a loan. These contacts are spouses, children, parents, relatives, colleagues and friends. After the loan is approved, the bank may call them and ask about the relationship between the lender and the contact person. If the other party can't answer questions about your relationship or doesn't answer the bank phone. Then it is suspected of providing false contact.
First of all, let's understand what the purpose of the loan is. The capital flow of our loan must meet the requirements of the CBRC. The CBRC may divide the loan purposes into consumption purposes and business purposes.
If your loan is not used for consumption (such as buying furniture, home appliances, decoration, travel, etc. ), not for commercial use. Then other uses are illegal, so the bank has the right and must refuse your loan.
So the bank will ask you to provide proof of consumption or proof of operation. If it cannot be provided, it means that it is suspected of false use.
The criminal record is reflected in:
1. Have a criminal record in the past (having a criminal record in a bank equals having a black account)
2. Yes, I especially doubt the economy. Once you have these records, it is very easy to refuse the loan.
The above six items are the basic information of why banks refuse to lend. You can analyze why you were rejected according to the above reasons, and then solve the problem with the right medicine.
Pay attention to new students, share the latest and most comprehensive products of the bank, and take you less detours and not be routine.
What are the operating loans of CITIC Bank? The four products have their own characteristics!
In the production and operation of enterprises, loans are definitely inevitable. When many enterprises choose a loan bank, they often look at whether the bank has suitable loan products. Today, I will introduce the operating loan of CITIC Bank for your reference.
Xinjiedai
Xinjie Loan is an operating loan of CITIC Bank, which helps small and medium-sized enterprises to deal with emergencies. In the case of collateral, the maximum loan amount of Xinjie Loan can reach 100000 yuan, and the longest term is10 year. In the case of pure credit, the maximum loan amount of Xinjie is 2 million yuan, and the longest term is 1 year.
Help with financing and loans
Financing loan is a loan product designed for enterprises that cannot provide guarantee, and there are two modes: cooperation and mutual assistance. Cooperation can provide enterprises with operating loans of up to 5 million yuan and a term of up to 2 years. Mutual assistance can provide enterprises with operating loans of up to 3 million yuan, with the longest term of 1 year.
commercial loan
Merchant loan is an operating loan provided by CITIC Bank for merchants in wholesale and retail markets, with or without collateral, with a maximum amount of 5 million yuan and a maximum term of 65,438+00 years. The loan methods of this product are flexible and diverse, including property loans and lease rights loans.
POS loan
POS loan is a loan product specially designed for POS acquiring merchants with fixed business premises, with a maximum amount of 2 million yuan and a maximum term of 1 year. The biggest feature of this product is that it does not need any mortgage and guarantee, and it can be repaid with the loan after obtaining credit.
The above are four kinds of operating loans of CITIC Bank, mainly for small and medium-sized enterprises. Generally speaking, the loan demand of small and medium-sized enterprises can basically be met.
This concludes the introduction of loan product design and the factors that need to be considered in loan product design. I wonder if you have found the information you need?