ICBC: What is e-Debit (personal credit consumer loan)?

What is ICBC e-Loan?

ICBC e-Loan is a personal credit loan of our bank. It is unsecured, unsecured and purely credit-based. The maximum application limit through self-service channels is 300,000. The maximum loan period is generally 2 years. Some customers can enjoy longer term. Please refer to the channel display at the time of application for the actual interest rate.

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(The above content will be answered for you by ICBC’s intelligent customer service “Gong Xiaozhi” on January 14, 2020. In case of business changes, please refer to the actual situation) What kind of loan is Rong e-borrowing

Rong e-Loan is an unsecured and unsecured RMB loan issued by ICBC to borrowers who meet specific conditions for personal legal and compliance purposes. The Rong e-loan limit ranges from 6 million to 800,000 yuan, and the details are subject to the actual display on the interface when the customer handles the application. It supports two repayment methods: equal principal and equal principal and interest. Some customers can pay interest on schedule and repay the principal in one go.

When applying for Rong e-loan, the borrower needs to be between 18 and 60 years old, with full capacity for civil conduct. The applicant’s work unit or regular residence should be in the location of the loan-issuing institution, and he should have a fixed job and stable income. Source or reliable repayment guarantee; good personal credit; other conditions specified by ICBC.

The shortest loan period when applying for Rong e-loan is two months, and the longest is usually two years; after the loan is processed, it can be returned in advance, and the bank will not charge liquidated damages. When applying for Rong e-loan, you can use your mobile phone Self-service processing through various online channels such as banks, online banking, "ICBC e-Life" app and "ICBC e-Link" app.

The Rong e-Borrowing loan handled by the user must be repaid on time, and there must be no overdue repayment, because penalty interest will accrue after overdue repayment, and the longer the time, the more the penalty interest will be. Moreover, after overdue repayment, the bank will carry out collection. A common collection method is to call the borrower's phone number. In addition, overdue repayment will lead to a bad personal credit report. ICBC: What is e-Loan (personal credit consumption loan)?

Answer from the official website of the Industrial and Commercial Bank of China:

ICBC e-Loan is our bank’s personal credit consumption loan, unsecured, unsecured, pure credit, with a maximum limit of 800,000, and a loan period of 2-60 months, the lowest daily interest rate for a loan of 10,000 yuan is less than 1 yuan.

Note: 1. If the Q&A does not indicate that it is only for corporate units, it usually refers to personal business. 2. Dalian, Ningbo, Qingdao, Shenzhen and Xiamen are independent branches of our bank and implement independent business regulations. The content on this page is for your reference. For actual conditions, please refer to the local branch announcements and specific regulations.