The uses of consumer loans do not mean that all consumption can be applied for a loan, the most common acquisition of property, although also a consumer behavior, but can not apply for a consumer loan. There are three broad uses for consumer loans.
First, the purchase of large amounts of durable goods or luxury goods. For example, the purchase of cars, home appliances, jewelry or gold and so on. All of these products can retain their value or be used for a long period of time, so you can usually apply for a consumer loan.
Second, study or travel. With the improvement of living standards, more and more friends choose to study abroad or foreign travel. These are all situations where you can apply for a personal consumption loan.
Third, business needs. At present, many small and medium-sized enterprises want to apply for business loans, but can not meet the requirements of the lending institutions. Then you can choose to apply for a personal consumption loan, which is also possible.
:Personal consumption loan is a personal loan issued by the bank to the borrower who applies for the purchase of "reasonable use of consumer goods or services". Personal Consumption Loan is a RMB secured loan issued by a bank to a borrower without limiting the specific purpose of consumption. Customers apply for loans from the bank for "consumer goods or services for reasonable purposes", which are mainly used for personal housing, automobiles, general student loans and other consumer personal loans.
The maximum term of the loan is 20 years (in the case of a personal housing mortgage, for example, the maximum term of a commercial loan is generally 20 years), and the loan must be secured by a mortgage, pledge, or third-party guarantee of the property recognized by the lending bank (some banks will only accept mortgages or pledges).
Loan traps:
1. Loan more than price quasi-loan loan consumers, many people are listening to the intermediary recommended choice of bank. In fact, there may be many more bank loans available with lower interest rates and faster approvals.
2. Watch out for invisible fees credit card is very convenient, installment is to let a lot of people in advance to realize the dream of consumption. Many credit card holders often receive phone calls from bank customer service, asking whether a large amount of consumption needs to be paid in installments, and giving "zero interest" generous conditions. However, zero interest does not mean zero cost, there is no free lunch.
3. Beware of overbearing terms and conditions, car loans are very common, dealers charge a car loan fee is more common, bundled sales of insurance has become an industry rule.
Personal Consumption Loan Baidu Encyclopedia