Are loans from financial companies reliable?

Ctrip Financial Loan is a reliable credit service product launched by Ctrip Financial in conjunction with major financial institutions for user consumption, and has provided high-quality travel credit services to millions of users.

The credit limit used by Ctrip can be used to pay for hotel bookings, air tickets, travel packages, etc. At present, many Internet platforms have launched loan services. Ctrip, as the leader in the Internet tourism industry, has also launched its own loan product - Naquhuahua. This product is combined with Ctrip's travel business to solve the problem of users' funds during travel. Insufficient problem. The general credit limit for Take Spend is between 3,000 and 50,000 yuan, the per capita loan limit is 1,884 yuan, and the average term is 7 months. Users can apply by downloading the Ctrip APP.

If you have capital turnover needs, it is recommended that you use Youqianhua, which is a credit service brand under Duxiaoman Financial."

The loan will not have any consequences:

1. If a lending institution or bank succeeds in suing the court and fails to fulfill the court judgment during the performance period, it will apply to the court for compulsory execution.

2. When the court accepts compulsory execution, The property, vehicles, securities and deposits under the lender's name will be inquired in accordance with the law.

3. If the lender has no property available for execution and refuses to fulfill the court's effective judgment, there will be negative information such as overdue repayment. It will be recorded in the personal credit report and restricted from high consumption and entry and exit, and may even be detained by judicial authorities.

4. Suspected of refusing to execute judgments and rulings when the person has the ability to do so.

2. If the bank loan is not repaid, the banking institution will take a series of measures, as follows:

1. The bank will call the borrower to collect the debt.

2. If the borrower still fails to repay the loan after debt collection, a certain amount of penalty interest will be incurred and a bad credit record will be created.

3. If it is a loan. If the person still fails to repay the loan, the bank will send relevant staff to come to collect the debt in person.

4. If the borrower still fails to repay the loan in the end, the bank will take legal measures to protect it through the law. The bank's own rights and interests, if the borrower is applying for a mortgage loan, the collateral will be auctioned by the court, and the funds obtained from the auction will be used to repay the loan

3. Overdue loans

< p>According to the relevant provisions of the Contract Law, the borrower's failure to return the loan within the time limit stipulated in the loan contract is a breach of contract, and the borrower shall bear liability for breach of contract by returning the loan principal and paying interest during the loan period stipulated in the contract. and the payment of interest on the overdue portion of the loan.

As for the return of the loan principal and the payment of interest during the loan period stipulated in the contract, there is generally no dispute as the parties have clearly agreed in the loan contract; as for the interest on the overdue portion of the loan, the loan shall Not only are there huge disputes between the parties as to what standard should be paid and when should the payment be made, but the standards applied by judges when ruling on such cases are also inconsistent, which affects the authority of the law. It is necessary to make an integration so that everyone can have a unified understanding.

The funds invested by banks in this type of lending may or may not be recovered in the future, and there is a great possibility of suffering losses. For such loans, commercial banks usually charge penalty interest. Overdue loans are problematic assets of banks, so commercial banks should maintain high capital reserves, with the reserve ratio generally being 50%.