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Classification Of Personal Loan Business Of Commercial Banks

2010/11/20 15:37:00 148

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At present, the repayment methods commonly used in personal loans are mainly four kinds of repayment: equal principal repayment, equivalent repayment of principal and interest, equal increment (minus) repayment, repayment of interest on time and repayment of debts.

Various ways of repayment are calculated according to the amount of the remaining principal of the borrower.

The difference is that some repayment methods return the principal faster, while others do.

slower

This leads to different interest rates in different ways of repayment.

And banks are offering different ways of housing, just to meet the needs of different borrowers with different income.

Many people need to borrow money from a bank to buy a car.

Young people

They need help to complete their studies, and more people use credit card shopping in their daily lives.

Personal loans refer to loans made by banks or other financial institutions to the natural persons who meet the loan conditions for the purpose of personal consumption, production and operation.

Personal loans are mainly natural borrowers. The amount of the loans is small, the risk is dispersed and the time limit is relatively long. The borrowers pay more money in advance, and the quality of the assets of the whole loan is relatively good.

Personal loans can be broadly classified into the following categories:

(1) according to the different uses of personal credit, it can be divided into individual purchase loan, automobile loan, student loan, student loan, personal consumption loan, personal business loan, etc.

(2) according to the different ways of individual credit guarantee, it can be divided into credit loan and secured loan, and the latter includes guarantee loan, mortgage loan, pledge loan and so on.

(3) according to the different ways of individual credit repayment, it can be divided into installment loan and one time repaying loan, and the former includes equal principal, equal principal and interest, one time repayment of installment interest, increase of principal amount, reduction of principal amount and repayment of combination.

(4) according to the difference of individual credit period, it can be divided into two categories.

Short-term

Credit and long-term loans.

Short term loans in one year, medium term loans in one to five years, and long-term loans in general more than five years, more than twenty to thirty years.

Various ways of repayment are calculated according to the amount of the remaining principal of the borrower.

The difference is that some repayment methods return the principal faster, while others are slower, resulting in different interest rates of different repayment methods.

And banks are offering different ways of housing, just to meet the needs of different borrowers with different income.

Generally speaking, the repayment of the equivalent principal is suitable for borrowers who have a certain economic foundation and can bear the pressure of earlier repayment and have an early repayment plan.

The repayment of equal principal and interest is also convenient for arranging revenue and expenditure due to returning the same amount every month, which is suitable for borrowers who are not allowed to invest too much in early economic conditions and whose income is in a stable state.

Equal increase (minus), flexibility.

The equal increment method is suitable for the current repayment ability is weak, but has anticipated that will gradually increase the crowd in the future.

On the contrary, if the income is expected to decrease or the economy is very well-off, we can choose to decrease equally.

The payment of interest on time is applicable to the unstable income group, the investors or the individual operators.