What is an ICBC personal consumption loan and what are the application requirements?

1. What is an ICBC personal consumption loan and what are the application conditions?

One of the basic conditions for an ICBC personal consumption loan is a mortgage, but the standards are different in each place. For example, ours This can only be mortgaged with commercial houses (front houses). In some places, residential mortgages can be used. Secondly, the borrower's ID card, marriage certificate, employment certificate, income certificate, and proof of collateral (real estate certificate and land certificate) must be provided. First, go to the bank to apply for a loan, and bring the ID cards of the borrower and his wife, marriage certificate, employment certificate, income certificate, and proof of collateral (real estate certificate and land certificate) (third-party collateral is also acceptable). If the bank loan officer determines that it is possible, then it is OK and the loan contract and mortgage contract are filled out.

The interest rate depends on how many years you borrow, and then increases by 30% based on the interest rate stipulated by the state. (It varies from place to place).

Early repayment is possible without any deduction of fees.

2. What does consumer loan mean? Come and see how many application conditions you meet.

1. Definition of consumer loan. Consumer loan refers to a loan issued by a bank to individual customers for specified consumption. The purpose of RMB loan business is mainly consumer personal loans such as personal housing, automobiles, and general student loans. Consumer loans first emerged in the United States and are also widely welcomed by young consumers in China. In addition to understanding what consumer loans are, you also need to know these related knowledge, see below for details: Personal consumer loan types: mainly housing, automobiles, large-amount durable consumer goods, agricultural machinery, house decoration, tourism, student aid, maximum amount Revolving loans, etc. Among them, housing, automobiles, student aid, and the highest amount of revolving loans are subject to individual loan management measures; characteristics of consumer loans: they have a wide range of consumption uses, higher loan amounts, and longer loan periods; the loan period of consumer loans: generally within 1 ~5 years, no more than five years (ICBC’s loan term for such loans for medical treatment and study abroad can be up to eight years). The loan interest rate is based on the loan interest rate for the same period and grade stipulated by the People's Bank of China, and there is generally no interest rate discount. 2. Consumer loan application conditions (1) Original and copy of the borrower’s valid identity document; (2) Proof of local permanent residence or valid residence; (3) Proof of the borrower’s loan repayment ability. Such as the income certificate issued by the borrower's unit, the borrower's tax bill, and insurance policy; (4) The borrower obtains the pledge rights, mortgage list and ownership certification documents required for the pledge and mortgage amount, the owner and property** *Written document that someone agrees to pledge or mortgage; (5) Written document from the guarantor that the borrower agrees to provide guarantee required for the borrower to obtain the guarantee amount; (6) Credit certification materials of the guarantor; (7) Collateral issued by a socially recognized evaluation department Evaluation report; Editorial postscript: We almost understand what consumer loans mean. I also recommend that friends read the above application conditions carefully, which will be more helpful for future loans. For those who want to know more about loan products, I suggest you go shopping. Of course, you can also find suitable loan products for you.