Huaxia Bank Provides Entrepreneurs With "Self Help" Loans

Zhang, a building material business in China, has recently talked to clients about a business and is in urgent need of capital turnover.

Through telephone banking, he got a 200 thousand yuan loan from his bank card when he did not meet the bank staff.

After recovering money, Zhang only pressed several sets of data on the phone keypad, and the principal and interest of 200 thousand yuan also returned to the bank account from the bank card.

This kind of "self help" loan is derived from the personal credit provided by Wuhan branch of Huaxia Bank. In advance, Zhang secured his own villa house and secured the bank's loan amount of 1 million yuan.

As long as it is within the quota, Zhang can apply for a certain amount of loan at any time according to the needs of the business.

This year, with the tightening of bank credit, small and medium-sized enterprises generally feel the pressure of funds.

How can we innovate financial services within the policy area and provide financing facilities for entrepreneurs with certain economic strength and capital needs?

Personal credit and self help loan are new explorations of Huaxia Bank Wuhan branch.

According to the personage of the bank, entrepreneurs can go ahead to the bank to complete the procedures of loan application, guarantee and so on, and determine the loan amount and time limit.

According to the balance of funds, repay the loan in time, circulate and use the approved loan amount within the card.

It will take only a few minutes to complete the procedures for "self-help" loans, with the help of virtual banks, such as online banks and telephone banks.

The Bank recommends that when applying for "self-help" loans, customers can "bundle" certificates of deposit, mortgage and other ways to obtain a larger loan amount.

The "self help" loan business has been launched for 2 months, and 20 start-up customers have secured about 4000000 yuan in bank loans.