What are the uses of a personal consolidated consumer loan?
I. Positive answer
The main ones are as follows.
Two, specific analysis
1, the purchase of furniture and appliances
such as the purchase of TVs, refrigerators, sofas, beds, closets, tables and chairs, air conditioning, water heaters and so on, can also be used for home improvement.
2. Purchase of automobiles
Consumer loan uses for the purchase of automobiles are allowed, but not for the purchase of homes.
3.For education
For example, for studying abroad and re-education after employment, the loan funds can be used to pay tuition fees, accommodation fees and living expenses.
4, for marriage
such as hiring a wedding company, setting up a banquet, buying wedding clothes, buying jewelry, etc., a lot of short-term expenses, you can apply for consumer loans.
5, travel
Can be domestic travel, can also be foreign travel, the longer the planned travel, the greater the demand for consumer loans funds.
6, medical medical
Medical refers to colds, diseases, accidents and other kinds of medical treatment, medical generally refers to the oral cavity, eyes, plastic surgery and other aspects of treatment surgery.
7, production and business purposes
such as expanding the plant, add business equipment, purchase of raw materials, accounts turnover and other production and business purposes, the demand for small can also apply for consumer loans.
8, other daily consumption
such as shopping and eating, cooking, buying clothes and shoes, paying utility bills, transportation and other basic costs of daily life.
Note that there is a clear prohibition on the use of consumer loans, i.e., they cannot be used for home purchases, investments, and other areas prohibited by law.
We should also pay attention to our personal credit in general, and not apply for loans blindly, or once the big data is spent, if we want to apply for a loan again, we will be denied a loan due to insufficient comprehensive scores. You can get a big data report in Bei Tip Quick Check to clearly know your status in terms of online lending big data. The database works with more than 2,000 online lending platforms, and the query is still accurate and comprehensive.
Three, what are the consumer finance loans?
There are a lot of consumer finance loans, such as Jiexin Consumer Finance's merchandise loan, consumer loan, Immediately Consumer Finance's Easy Flower, Zhaolian Consumer Finance's Good Term Loan, Duxiaoman Finance's Rich Flower Platform's Full Easy Loan, Zunxian Loan, Suning Finance's Renxin Loan, Jingdong Finance's Gold Bar Borrowing, as well as ants' Chanting and Credit Union's Installment Music, and so on.
Besides, other consumer financial institutions also provide various types of credit consumer loans to, Zhongyuan Consumer Finance, China Post Consumer Finance, Haier Consumer Finance, Changyin Consumer Finance, Huarong Consumer Finance, Hangyin Consumer Finance, Jinshang Consumer Finance, Shengyin Consumer Finance, Happiness Consumer Finance and so on.
And as long as you pay attention to maintaining good credit, no bad records in your credit report, and can provide proof of a stable income and the ability to repay your loan on time, you will be able to successfully borrow money from the above mentioned consumer financial institutions.
Of course, if your credit is bad, you won't be able to borrow money for a while.
It is also important to note that there are a number of unknown microfinance platforms in the lending market, which have a low application threshold but are not recommended to borrow money because they do not hold a financial license.
Consumer finance is what loan platform
Consumer finance is not a certain loan platform, it refers to a financial service way to provide consumer loans to all classes of consumers.
Supplementary information:
A consumer finance company is a non-banking financial institution approved and established by the China Banking and Insurance Regulatory Commission to provide loans for consumption purposes to individual residents in China. For example, Jiexin Consumer Finance, Immediately Consumer Finance, Zhongyuan Consumer Finance, China Post Consumer Finance, Jinshang Consumer Finance and so on, as well as Duxiaoman Finance, Suning Finance, Jingdong Finance and so on.
Customers can go to the above consumer financial institutions to apply for loans, generally as long as the individual has good credit, with sufficient repayment ability, can successfully borrow down. What's more, some consumer finance companies cooperate with other lending platforms and can also issue loan funds as a lender.
Expanded Information:
One, what is consumer finance:
Consumer finance:
Consumer finance is the process by which a person's credit card is used to pay for a loan. p>Consumer finance is a modern form of financial services that provides consumer loans to consumers of all classes. In China's current macroeconomic situation, the timely introduction of relevant regulatory measures is to adapt to the objective economic situation of the trend and need. From the point of view of financial product innovation, personal credit business is a traditional bank is difficult to fully benefit the field, the establishment of specialized personal consumption finance system, can better serve the individual residents.
Two, consumer finance regulation tightened, the industry growth rate slowed down significantly
1, China's consumer finance industry development to a mature stage, according to the China Banking Association issued the "China Consumer Finance Company Development Report (2021)", as of the end of 2020, the domestic consumer finance company asset size for the first time exceeded 500 billion yuan, an increase of 5.18% year-on-year; loan balance increased by 4.34% year-on-year. In comparison, the year-on-year growth rate of asset scale and loan balance in 2019 is 28.67% and 30.5%, respectively, and the industry growth rate has slowed down significantly.
2. At the same time, the consumer finance industry faces further tightening of regulation in 2021. In August this year, the regulatory authorities in many places required the consumer finance companies under their jurisdiction to keep the interest rate of personal loans within 24% across the board, and set up a transition period for adjustments, which directly led to the compression of profit margins in the consumer finance industry.
3. Prior to this, in response to the chaos of medical beauty loans, in June 2021 the Internet Finance Association issued the "Initiative on the Standardization of Medical Beauty-related Financial Products and Financial Services", which requires financial institutions not to cooperate with any unscrupulous medical beauty organizations, and not to provide any unscrupulous medical beauty organization customers with related financial products and services. Meanwhile, as the Opinions on Further Reducing the Burden of Homework on Students in Compulsory Education and the Burden of Out-of-School Training ("Double Reduction") issued by the General Office of the Central Committee and the General Office of the State Council in July 2021 (the "Double Reduction") came into effect, the regulation of loans in the field of training was strengthened, and the training loans related to examination-based education were also impacted
Financial consumption is what loan
Consumer finance is in fact a modern financial service way to provide consumer loans to consumers, there are many related consumer financial institutions on the market, such as Jiexin Consumer Finance, Beibing Consumer Finance and Societe Generale Consumer Finance and so on, as for its specific content as follows:
1, Jiexin Consumer Finance: you can search for the relevant small program and public number on WeChat, and know from the platform under the introduction, Jiexin commodity installments, some as low as 0 down payment, 0 interest, and through the ID card and bank card can apply.
2, the north bank consumer finance: can search the "north bank consumer finance company" weibo public number, in which you can enjoy the borrowing service, and there are education e payment, decoration e payment, rent e payment, travel e payment, car insurance e payment and easy e payment and so on a variety of choices, log on to the relevant website can be registered information, apply for loans.
3, Societe Generale Consumer Finance: under Societe Generale Consumer Finance, there are family consumer loans, Xingcai plan, Liye plan, of which the family consumer loans belong to the household loans, the maximum amount of personal loans of 200,000 yuan, the loan period of up to three years, without collateral, security, as for the annual interest rate of the loan, the IRR in the range of 13.2%-23.4%, equivalent to the APR of 6.8%-14.4%. 14.4 percent.
Financial consumption is the behavior of people enjoying the services provided by financial institutions and purchasing the commodities provided by financial institutions in order to satisfy their consumption needs.
(1) the right to choose consumption, i.e., to be able to decide independently and freely whether to engage in financial consumption, at what time, and in what way, i.e., financial consumption is free from unreasonable intervention and coercion by any unit or individual;
(2) the right of access to information refers to the right of access to knowledge, policies and relevant regulations related to finance in financial consumption, e.g., whether there is any interest on deposits with financial institutions, how much interest, and how interest is calculated. , how high the interest rate, how the interest rate is calculated, etc., and how to handle the account opening and transfer procedures? All these financial institutions not only have the obligation to provide on their own initiative, but also to be truthful and transparent in the day-to-day receipt, payment and damage;
(3) the right to equal transactions, that is, the transactions between financial institutions and consumers must follow the principle of justice, fairness and honesty, and this kind of transaction belongs to contractual relations (whether tangible or intangible) in the contractual relationship, it is not allowed to formulate the obligations to circumvent, against the just terms and conditions, and it is not permissible to force consumers to accept services they are not willing to accept (for example, how much balance must be kept in deposits and how much of a loan must be deposited with us);
(4) the right to confidentiality, that is, to ensure that the consumer's financial assets are not disclosed and are not infringed upon;
(5) the right to seek help, and, if the financial assets of a financial consumer are disclosed and infringed upon, the consumer has the right to to seek compensation and legal assistance from the other party, for example, fraudulent deposits, credit card theft, misappropriation of loans, stocks, etc., have violated the rights and interests of consumers.
Three ways to get a personal consumer loan
Personal consumer loans are being accepted by more and more people, especially young people, who can realize their own desires through personal consumer loans. So what are the ways to apply for a personal consumer loan now?
1, banks
Banks are the way most people apply for consumer loans. Banks can usually apply for consumer loans for renovation, buying a car, studying abroad, purchasing large consumer goods and so on.
2. Consumer finance companies
Consumer finance companies refer to non-bank financial institutions that provide loans for consumption purposes to residents in China. Consumer finance companies can provide individuals with loans for the purchase of home appliances, travel, wedding, education, renovation and other consumer spending, but can not provide housing loans;
3, credit card installments
Current credit cards basically have an installment function, individuals can apply for repayment of the installments after swiping the card consumption.
Banks or consumer finance companies for personal consumption loans process:
(1) borrowers with the lender required information (generally including ID cards, real estate certificates, marriage certificates, etc.) to the loan office to fill out the application form, the bank qualification review of the borrower to confirm that the borrower meets the conditions of the application;
(2) after the approval of the application, the loan contract with the bank or consumer
(2) After the application is approved, the borrower signs a loan contract with the bank or the consumer finance company;
(3) The borrower can draw down the loan at any time within the validity period and the amount agreed in the contract.
(4) Upon expiration of the loan period, the borrower shall repay the loan principal and interest as agreed. After repayment of principal and interest, the Loan Contract will be terminated by itself.
4, the advantages and disadvantages of the three ways of personal consumption loans
Banks require higher qualifications of borrowers, complicated procedures, the approval of the amount is also more stringent, generally give a lower amount. However, banks offer consumer loans with low interest rates and no fraud, so you don't have to worry about the pit that you fall into;
Consumer finance companies have lower qualification requirements for borrowers, and the loan amount is given at a higher level, but of course, the interest rates are generally higher. In addition, the consumer finance companies on the market are a mixed bag, and some are also put in the name of consumer loans, borrowers need to be carefully screened to avoid falling into the pit;
Credit card installments are the easiest way to get a consumer loan, simply apply for repayment by installments after swiping the card. However, the interest rate on credit card installments is slightly higher than that of bank consumer loans, and there may be other charges such as handling fees.
This is the end of the introduction of financial loans and consumer loans and what are financial loans and consumer loans, I do not know if you find the information you need from it?