According to the provisions on collateral in the terms of bank mortgage loan, wealth management products cannot be mortgaged in banks, but users can mortgage loans in banks with time certificates of deposit. In fact, bank financing, as collateral, can help borrowers get bank loans. As long as they buy bank financing, it means that they have certain assets in the bank. The longer the term and the higher the amount, the higher the loan amount, so in principle, bank financing can improve the success rate of loans.
However, it should be noted that if the wealth management purchased by the user is short-term, or the product can be withdrawn at any time. Then, without any pledge value, banks have no way to control funds and use them as a source of repayment.
Bank RMB financial products can be roughly divided into bond type, trust type, linked type and QDII type.
Bond type
Investing in the money market, the investment products are generally central bank bills and short-term corporate financing bills. Since individuals cannot directly invest in central bank bills and short-term corporate financing bills, such RMB wealth management products actually provide customers with opportunities to share the investment income in the money market.
Trust type
Invest in trust products guaranteed or repurchased by commercial banks or other financial institutions with high credit rating, and also invest in beneficial trust products of excellent credit assets of commercial banks.
Hook type
The final yield of products is linked to the performance of relevant markets or products, such as exchange rate, interest rate, international gold price, international crude oil price, Dow Jones index, Hong Kong stocks, etc.
QDII type
QDII, that is, qualified domestic investment institutions provide overseas financial services on behalf of customers, refers to commercial banks that have obtained overseas financial services on behalf of customers.
QDII RMB wealth management products, in short, are wealth management products that customers entrust their RMB funds to qualified commercial banks, and qualified commercial banks convert RMB funds into US dollars, directly invest overseas, and after the maturity, exchange the US dollar income and principal into RMB for distribution to customers.
Electronic spotlight
New investment and wealth management products
Investment channels
Wealth management products can generally be purchased through commercial banks or non-bank financial institutions.
Traditional channels include banks, insurance companies, securities companies, futures companies and fund companies.
Emerging channels include: third-party financial institutions and integrated financial service institutions.
Risk disclosure
yield rate
For example, whether the rate of return in advertising is annual rate of return or cumulative rate of return; Whether the product is subject to tax withholding, and whether the rate of return in the advertisement is pre-tax rate of return or actual rate of return.
Investment direction
Which market will the funds raised by RMB wealth management products be put into, and the specific wealth management products to be invested, all of which determine the size of the products' own risks and whether the rate of return can be realized.
liquidity
Most products have low liquidity, so customers can't terminate the contract in advance. A few products can be terminated or pledged, but the handling fee or interest is high.
Relevance expectation
If it is a linked product, we should analyze the performance of the linked market or product, and whether the linked direction and range meet the market expectations and whether it is possible to achieve it.
The expected rate of return of bank wealth management products is only an estimate, not the final rate of return. Moreover, the bank's oral publicity does not represent the content of the contract, which is the most standardized agreement of wealth management products. Financial experts said that in the current weak market environment, investors need to read the product manual carefully when buying bank wealth management products, and don't expect too much from the income of wealth management products.
The disorderly operation of wealth management products market is mainly manifested in market segmentation and homogeneous competition among wealth management peers. This phenomenon is related to the separate operation and supervision system of the financial industry. A large number of homogeneous products often have different styles of product descriptions and regulatory rules.
Can I get a loan when I buy wealth management products at the bank? These conditions need to be met.
With the escalating concept of financial management, many people no longer want to deposit their money in the bank to earn interest, but will choose to buy the bank's financial products to earn the expected income. However, some people have little money left after buying wealth management products. When they are in urgent need, they want to pledge their wealth management products to the bank to apply for loans. Is this ok? Let's have a look.
Can I get a loan when I buy wealth management products at the bank?
Yes, many mainstream commercial banks have realized that as long as lenders have deposits, bonds, wealth management products, funds, life insurance policies, accumulated funds and account transactions, they can pledge them to banks to obtain a loan fund, so that they can apply for loans with wealth management products bought by banks.
However, it should be noted that not all wealth management products can be pledged, and the mortgage loan of bank wealth management has nothing to do with the expected rate of return of products, but only with the amount of wealth management and the term of products. The specific requirements of each bank are different. Take ICBC as an example to make an introduction here.
ICBC has the following requirements for pledged wealth management products.
1. Automatic reinvestment of "indefinite" wealth management products to apply for pledge is not supported, and the lender needs to modify the number of reinvestment periods before handling it;
2. The maturity date of wealth management products, the maturity date of closed period or the maturity date of minimum holding period shall not be later than the maturity date of one-year loans;
3. The wealth management products with an appointment redemption date at the time of purchase do not support pledge and need to be handled after the lender cancels the appointment redemption;
4. Pledge is not supported when the status of wealth management products is reserved for purchase or redemption;
5. The financial products of subsidiaries do not support pledge for the time being.
Can ABC's wealth management products be mortgaged?
Yes, you can. But the loan must meet the conditions before it can be issued. Loan application conditions:
To have a fixed income, it depends on the salary details; At least 18-65 years old; If the loan is used for business or car purchase, there must be a guarantor and mortgage;
Good credit information.
Loan application materials: Lender's ID card; Credit information of the lender in the past six months, and the credit information is good; The bank card under the lender's name has been flowing for nearly half a year without interruption; Proof of the lender's residence permit (rental contract, real estate license, water and electricity invoices for the last three months); Income certificate issued by the lender's work unit; Social security, insurance policies and provident fund can also be loaned on a monthly basis.
If you want to borrow a higher amount, you can do mortgage loans, such as houses and cars. It is an operating loan with individuals or families as the core, and the main service targets are the vast number of industrial and commercial self-employed, small workshops and small owners. The loan amount is generally less than 200,000 yuan, 1 1,000 yuan or more. It is an extension of microfinance in technology and practical application. There are mainly personal credit loans, micro-loans and corporate loans.
Personal credit loans do not need collateral. As long as there are certificates of deposit, treasury bonds and wealth management products, the loan amount is 85%~95% of the pledged property, and the loan period is 6~36 months. The specific application requirements of loan companies are related to each company. Generally speaking, the specific loan interest rate is determined by many factors, such as the qualifications of the applicant, collateral and other guarantees, the nature of financial institutions and so on. If you want to get a loan, you can log in to official website and apply for a loan. Please refer to the leading online loan trading platform in China for details of the loan.
Bank financing can be mortgaged.
Can't be used as a bank mortgage loan. Bank wealth management products are non-guaranteed floating income, the amount of wealth management products purchased is not fixed, and the wealth management products will automatically return to your bank card after expiration. If it is a bank time deposit, it can be used as a bank mortgage loan.
The types of pledge include certificates of deposit, national debt, wealth management products, insurance policies, stocks and structured wealth management. In addition, wealth management products can usually only be pledged at the issuing bank of wealth management products, and cannot be pledged across banks.
Under normal circumstances, the collateral of bank mortgage loans can be real estate, certificates of deposit, securities and so on. As for whether regular wealth management products can be used as collateral, it depends on the specific provisions of the lending bank. I suggest you go to the loan bank for detailed consultation with the relevant staff, which is safer.
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Wealth management products are a kind of wealth management products designed and issued by commercial banks and formal financial institutions, which invest the raised funds in relevant financial markets, purchase relevant financial products according to product contracts, and then distribute them to investors according to contracts.
Mortgage loan refers to the loan that the borrower obtains from the bank with certain collateral as guarantee. It is a form of bank lending, and the collateral usually includes securities, China bonds, various stocks, real estate, bills of lading, warehouse receipts or other documents that prove the ownership of goods. When the loan expires, the borrower must return it in full, otherwise the bank has the right to dispose of the collateral as compensation.
Although not all banks can find financial products mortgage, in some commercial banks, financial products mortgage is also a very mainstream loan product. The so-called bank wealth management products are a kind of credit business in which the borrower pledges the beneficial right of the wealth management products sold by the bank in his own name, obtains RMB loans from the bank, and repays the principal and interest of the loans when due.
Using wealth management products to mortgage loans has nothing to do with the yield of bank wealth management products. After the mortgage, the wealth management products will also invest in accordance with the previous contract to obtain income. The process of wealth management products is also relatively simple. Customers only need to bring the previously signed product contract and their identity documents to the counter for processing.
However, it is worth noting that the general financial product mortgage loan only accepts the financial products of the lending bank, and the applicant cannot apply for a mortgage loan at Bank B using the financial products of Bank A..