How to handle a travel loan What are the precautions for handling a travel loan?

1. China citizens with permanent residence in China, permanent residence in local towns (or valid residence certificate) and full capacity for civil conduct;

2. Have a proper occupation and stable income, and have the ability to repay the loan principal and interest on schedule;

3. Being able to provide effective rights recognized by the lender as pledge guarantee, or a unit or individual with compensatory ability as a guarantor who repays the principal and interest of the loan and assumes joint liability to provide guarantee;

4. Law-abiding, no illegal acts and bad credit records;

5. Open peony credit card or current savings account in China Industrial and Commercial Bank;

6. Sign an agreement with the lender to deduct the loan from its peony credit card or current savings account;

7. Provide a down payment of not less than 30% of the actual quotation of the tourism project;

8. Other conditions stipulated by the lender.

Information needed for travel loan processing

When applying for a loan, the borrower shall submit information to the lender. When applying for a loan, the borrower shall truthfully and completely fill in the application approval form and other relevant contents, and provide the following information:

1. Apply for approval form;

2. Valid identity documents;

3. Proof of residential address (household registration book and recent water and electricity bills);

4. The Travel Agreement signed by the borrower and the travel agency and the first travel payment receipt certificate issued by the travel agency;

5. Proof of occupation and income and basic information of family members (work permit, payroll, passbook or other valid proof of salary payment);

6. To apply for a loan by way of pledge guarantee, the right pledge required for the guarantee shall be submitted; if the right of a third party is pledged, the identity certificate and pledge authorization letter of the obligee shall be provided;

7. To apply for a loan by means of a third-party guarantee, a written document that the guarantor agrees to provide the guarantee and a credit certificate of the guarantor shall be submitted;

8. Other information required by the bank. The borrower shall be fully responsible for the authenticity, legality and completeness of the information provided by it.

Loan methods of tourism loans

1. Credit loan

Credit loan means that the borrower can use his own credit to guarantee the loan without providing other guarantees. At present, there are two ways to develop credit loans for personal travel loans:

(1) Academicians of China Academy of Sciences, personnel enjoying special allowances from the State Council, national model workers, provincial and municipal special-grade teachers can apply for credit loans with relevant certificates or certificates;

(2) With a bank card that has completed the credit overdraft function, you can apply for a credit loan within the credit overdraft limit (the bank card issued by the bank can open the overdraft function and enjoy the credit limit after applying to the bank).

2. Pledge method

If you have a certificate of deposit, passbook opened by a loan bank, or voucher-type government bonds purchased at a loan bank outlet, these can be used as pledge guarantees. The maximum amount of guarantee shall not exceed 80% of the face value of the pledged property.

3. Mortgage method

If you own a house or car with clear property rights and can be mortgaged, you can also use mortgage guarantee. However, this method needs evaluation to determine the value of collateral, and it also needs notarization, insurance and mortgage registration. The above procedures will generate certain expenses, although not many, but they are all borne by the borrower. Therefore, for tourism lenders, ordinary people will not be the first to guarantee banks in this way.

4. Guarantor's guarantee method

(1) legal person guarantee. Ordinary residents usually ask their work units or find another legal entity as a guarantee.

(2) natural person guarantee. You can find one or several guarantors with guarantee ability to guarantee for you.