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.
Can CCB's wealth management products be used?
You can't.
According to the provisions of the Property Law of People's Republic of China (PRC):
Article 223 Scope of Pledge
The following rights that the debtor or a third party has the right to dispose of may be pledged:
(1) Bills of exchange, checks and promissory notes;
(2) Bonds and certificates of deposit.
(3) Warehouse receipts and bills of lading;
(4) Transferable fund shares and equity;
(5) Transferable intellectual property rights such as the exclusive right to use a registered trademark, patent right and copyright;
(6) Accounts receivable;
(7) Other property rights that can be pledged according to laws and administrative regulations.
Extended data:
Pledges include treasury bonds (unless otherwise stipulated by the state), national key construction bonds, financial bonds, AAA corporate bonds, savings certificates and other securities. The pledgor shall deliver the title certificate to the lender.
If pledge is adopted, the pledgor and the pledgee must sign a written pledge contract, which will be terminated when the borrower pays off all the principal and interest of the loan; Before the expiration of the pledge period, the lender shall not dispose of the pledged property without authorization. During the pledge period, if the pledge is damaged or lost, the lender shall bear the responsibility and be responsible for compensation.
The pledge contract shall take effect from the date of delivery of the certificate of rights. If the personal savings deposit certificate is pledged, the identity certificate of the bank where the account is opened and the proof of stopping payment shall be provided.
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