Pledge Loans Enable Dead Money To Become Viable

"I was looking forward to a startup project not long ago, but because of insufficient funds on hand, it was difficult to finance in a short time and had to give up."

Huang, who is 36 years old, works in a group company in Changsha.

In this year's family financial management strategy, he is very optimistic about the investment market, but often because of the shortage of funds and have to make other plans.

"At present, almost all of my family assets are distributed in real estate, stock and treasury bonds, as well as part of time deposits.

Only a few months' salary can be applied flexibly.

How can we easily raise tens of thousands of dollars?

In response to Mr. Huang's confusion, financial experts suggest that people who have financial assets such as certificates of deposit, treasury bonds and other financial assets on hand should not be able to call these "dead money" if they are in urgent need of funds.

Let your "dead money" become "alive".

Compared to personal mortgage financing, personal pledge loans based on various types of financial assets are not only high in loans, but also convenient in handling procedures, and banks generally do not specify the use of loans, which is the best way of personal financing.

A variety of financial products can be pledged. "Personal pledge loan is a kind of deposit and loan combination business that customers pledge on financial products such as unexpired regular savings certificates, certificate bonds or personal life insurance policies, obtain loans from banks, and repay principal and interest of loans at maturity."

Fang Wei, a financial planner of Changsha branch of Bank of communications, said that personal mortgage loans do not require additional guarantees, as long as there are regular savings certificates, personal life insurance policies, or certificate bonds. Secondly, the pledge documents are all financial products owned by individuals. When they are used as pledge documents, interest is not affected. In addition, banks have no restrictions on the use of personal pledge loans.

According to our understanding, there are many personal vouchers, including RMB time deposit certificates, foreign currency fixed deposit certificates, certificate bonds, personal life insurance policies, etc.

All banks recognize the first three as pledge documents, which differ only in personal life insurance policies.

For example, the Provincial Construction Bank said that the bank accepted Pacific Life Insurance Company's two categories of old Lai Fu and BBK, and Xinhua life's double happiness A insurance policy.

The Agricultural Bank of China only accepts the personal life insurance policy of life-insurance company of China.

However, all banks have indicated that they do not accept dividend insurance policies as pledge documents.

The ratio of loans to loans is up to 90%.

According to the financial experts of CCB, the loan amount of personal pledge loans is closely related to the pledge documents.

If the pledge is an individual life insurance policy, the proportion of the loan is 80% of the cash value of the policy. There is no upper or lower limit.

The proportion of credential bonds is 90% of the face value, the minimum loan amount is 5000 yuan, but the maximum loan amount is not set.

The maximum loan amount of RMB CDs is 100 thousand yuan, and the minimum loan amount varies among banks. The industrial and commercial bank and the Construction Bank are 1000 yuan, while the other banks are 2000 yuan, and the highest loan ratio is 90% of the pledge value of the pledge.

In addition, the deposit of foreign currency certificates is calculated on the basis of the foreign exchange purchase price announced at the same day to be RMB CDs. The minimum and maximum amount of the loan and the renminbi deposit certificate are the same as taking into account the risk of foreign currency movements. Therefore, the banks stipulate that the amount of foreign currency mortgage loans can only be 80% of the foreign currency certificates of deposit, but some banks can also deposit 90% of the certificates of deposit.

The loan period is the longest one year. The loan period of personal pledge loan is relatively short, and it is not allowed for more than one year in principle.

The term of the loan shall not exceed the maturity date of the pledge.

If multiple certificates of deposit are pledged, the loan period will be determined from the latest time of maturity.

A bank official said: it is true that force majeure affects loan repayment on schedule, and the original loan period can be extended for less than one year. Each loan is extended only once, and it can not exceed the expiration date of a pledge certificate or one year.

The principle of loan maturity and the certificate of deposit are basically the same.

The longest period is not more than one year, and the term of the loan shall not exceed the maturity date of the Treasury bonds and the policy.

According to the survey, the interest rates on mortgage loans of all banks are the same. The monthly loan interest rate of less than or equal to 6 months is 5.04%, greater than 6 months, and the monthly interest rate of less than or equal to one year is 5.31%.

Financial experts believe that if the depositor can make sure that the investment income of the loan will be profitable after deducting the loan interest rate, then it can try to pledge the loan and invest again.

The total income is the interest of the hypothecation certificate plus the investment income of the hypothecation Loan - the interest of the mortgage loan.

Reporter Qiu Xiao