What should I look for in a personal loan if I don't want to "step in the hole"?

Due to the spread of the Newcastle pneumonia epidemic, 快速借錢not only is the liquidity situation of businesses temporarily strained, but some people are also facing this problem. Recently, a friend asked Sheng Caijun for advice, "I've heard that many commercial banks offer interest rate discounts on 借錢personal consumer loans, and I'd like to borrow some money for working capital, but I'm worried that improper operation will cause capital loss for myself."

Personal loans don't want to step in 安聯收益及增長基金好唔好the hole. What do you need to pay attention to? Today, let's talk about it in detail.

First of all, we as a country need to carry out to understand the types of loans.

A loan is a form of money lent by a bank or other financial institution at a certain interest rate and conditions. The head of the relevant department of China Merchants Bank said.

Specifically for personal loans, according to the guarantee conditions can be divided into credit loans and guaranteed loans. Among them, credit loans are unsecured loans based on your personal credit, and secured loans include guaranteed loans, mortgage loans, pledged loans and combination secured loans. Certain assets are required as collateral or guarantor guarantees.

According to the use of the loan, personal loans can be mainly divided into personal housing loans, personal business loans and personal consumer loans, in addition to agricultural loans to support farmers, student loans to help students, etc.

The above-mentioned person in charge said that knowing some loa

n types in advance will help us seek help from financial institutions when we need money urgently to solve our urgent needs.

So what factors do we need to consider in our country before taking out a loan?

Please note the following three points. One is the location of the loan, another is the loan interest rate, and the third is the loan product I need.

As for the loan channels, there are large financial lenders such as banks, but also microfinance companies and online loan platforms. With favorable interest rates and strict regulation, priority is given to large lending institutions such as banks. However, in case of credit problems, it is very difficult to get loans from these institutions, so we need to consider loan companies or intermediaries.

In terms of loan interest rates, banks will have lower interest rates than other state institutions, but the lender qualification requirements are more stringent. If we consider a corporate loan company limited or an intermediary service company, we need to bear more interest ourselves.

From the perspective of loan products, it is important to choose some suitable products according to your loan purpose and the convenience of repayment. For example, some loan products can be borrowed and repaid as you go, with interest calculated according to the number of days borrowed; or small consumer loans are directly lent without collateral, etc.

In addition, the development of various institutions in terms of loan amount, lending speed, repayment methods, brand culture influence, etc. are slightly different, it is recommended that you can choose a loan suitable for students themselves according to their own actual needs.