"Apply online, borrow and repay as needed, with a maximum amount of 200,000 yuan and a minimum interest rate of 3.75%." Ms. Zhang, who lives in Dongcheng, said that she recently received several sales calls from bank staff claiming that the interest rate of consumer loans has been lowered, so apply now Particularly suitable.
A reporter from Beijing Youth Daily found that the six major state-owned banks, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Bank of Communications, Agricultural Bank of China, and Postal Savings Bank of China, have recently vigorously promoted unsecured and unsecured credit consumer loans, and the lower interest rate limits are not More than 4%, the lowest can be as low as 3.7%, which can be said to be an unprecedented low.
However, major banks have not relaxed loan approval requirements. Only high-quality customers on the bank's whitelist can get the lowest interest rate, not everyone can enjoy it.
Consumer loan interest rates of the six major state-owned banks
The lower limit is not more than 4%
It is understood that at present, the preferential interest rate of the personal credit consumer loan (ICBC e-Lending) of ICBC Beijing Branch can be as low as 3.75% and the maximum term is 3 years.
In fact, in November last year, the minimum interest rate for e-Lending was still 4.65%, and on December 29, the minimum interest rate will be reduced to 3.85%, that is, 1-year LPR + 5 basis points.
Since late January this year, the minimum interest rate for e-Lending in ICBC North Branch has been further adjusted to 3.75%, down 0.1 percentage points from December last year.
This is mainly because the LPR on January 20 was lowered by 0.1 percentage points compared to December last year.
BOC Beijing Branch has also recently launched a summer holiday promotion for personal consumption loans. BOC E-loans applied online can be loaned up to 200,000 yuan. The limit is valid for 1 year, the loan period is 1-12 months, and the annualized loan interest rate starts at 3.9%.
The offline application of the "Xin Mind Loan" has more favorable conditions, the maximum amount can be up to 300,000 yuan, the validity period of the limit is extended to 3 years, the loan period is 1-12 months, and the interest rate can be as low as 3.75%.
Customers who use the funds during the event will also have the opportunity to get a WeChat instant discount of 50-500 yuan.
CCB Kuaidai has the slogan of "Second application, second review, second account", the annualized interest rate is as low as 3.95%, the interest is calculated on a daily basis, and the maximum repayment period is 36 months.
A reporter from Beiqing Daily noticed that in late June, the lowest interest rate for quick loans displayed on the official WeChat account of the Northern Branch of CCB was still 4%, and it was reduced to 3.95% on July 10.
Bank of Communications has recently launched Huimin Loan discounts across the country. New customers who successfully apply for a quota can get a discount coupon of 30% or 10% off the interest rate, and high-quality customers can enjoy a minimum annualized preferential interest rate of 3.85%.
According to the mobile banking of Agricultural Bank of China, the lowest annualized interest rate of Wangjie Loan is 3.7%, "flexible use, guarantee-free, repayment at will, and low cost".
Postal Savings Bank's "Postal Loan" is approved online throughout the entire process. The amount that can be applied is not more than 200,000 yuan, the minimum annualized interest rate is 3.85%, and the term of a single loan does not exceed 60 months.
It is understood that the online approval limit of credit consumer loans of these large state-owned banks generally does not exceed 200,000 yuan. If there is a higher demand, you need to go to offline outlets to apply.
In addition to the difference in interest rates, the loan terms of major banks are also different, some are not more than 1 year, and some can be as long as 5 years.
In terms of repayment methods, the options offered by each bank are also different.
For example, BOC’s BOC E-loan can be repaid in a single payment with equal principal and interest, one-time repayment of principal and interest upon maturity, and monthly repayment of principal with interest upon maturity; ICBC can choose equal principal, equal principal and interest, and scheduled repayment. One-time repayment of interest.
Consumer loan interest rate cut is a trend
The interest rate of state-owned banks has always been the best in the market
In fact, this type of personal credit loans that are free of guarantees and mortgages and are approved online are not only available from large state-owned banks, but also from other types of banks, consumer finance companies, and small loan companies.
A reporter from the Beiqing Daily found that the interest rates of Internet loans have declined as a whole since the beginning of this year, but among all these loans, the interest rates of large state-owned banks are undoubtedly the lowest.
At present, many joint-stock banks and city commercial banks have a minimum annualized simple interest rate of 4.35% for consumer loans, and some Internet banks have a minimum interest rate of 9%.
Among the consumer gold companies, the lowest annualized interest rate of Bank of China Consumer Gold’s hospitality loan is 9.125%, the lowest of China Merchants Union Finance is 7.3%, the lowest of “An Yihua” of Immediate Consumer Gold and the “Extreme Loan” of China Post Consumer Gold are the lowest at 7.2%; Among the loan companies, the minimum annualized interest rate for Duxiaoman Microcredit is 7.2%.
"Big banks have low capital costs, higher loan conditions, and are aimed at relatively high-quality customers, so their consumer loan interest rates will be lower. Not only consumer loans, but also other types of loans." China Merchants Union Finance Dong Ximiao, the lead researcher, said.
Since the beginning of this year, the interest rate of consumer loans has declined. On the one hand, because the overall interest rate is in a downward channel, and other loan interest rates are also falling, so the decline in consumer loan interest rates is a follow-up.
On the other hand, due to the impact of the epidemic and the economic downturn, some customer groups targeted by consumer loans have not particularly stable jobs and their incomes are also declining. Banks have lowered interest rates on consumer loans to better support these customers.
In addition, lowering the loan interest rate can also stimulate effective demand, and "small profits but quick turnover" can be achieved by lowering interest rates.
Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center of Zhejiang University International Business School, pointed out from the perspective of bank credit structure adjustment that at present, the proportion of mortgage loans in bank personal loans is too high, and many banks want their own credit structure to be more diversified, while The amount of consumer loans is small, the interest rate is higher than that of housing loans, and the recovery period is shorter. It belongs to the credit field that banks want to develop. Therefore, major banks get together in the consumer loan market, but because consumption cannot be expanded in the short term, consumer loans There is a situation of more porridge and less porridge. Under the pressure of competition, banks can only compete on interest rates.
Banks do not relax approval standards
The lowest interest rate is only for a small number of high-quality customers
The Beiqing Daily reporter also noticed that in order to prevent consumers from misunderstanding, various banks' consumer loan advertisements will add a reminder at the end: "The product interest rate is subject to the actual processing interest rate. If you have any questions, please consult your local outlets." "The specific interest rate is subject to the actual display on the page." In fact, only a few customers can finally enjoy the lowest interest rate that is tempting.
"I was told before that the minimum interest rate would not be higher than 4%. I just wanted to renovate, so I applied for 200,000 yuan. As a result, the final approved interest rate exceeded 5%." Mr. Zhang, a citizen, told a reporter from Beiqing Daily that he recently worked in a large state-owned bank. The result of applying for credit consumer loan through mobile banking.
It is understood that Mr. Zhang's situation is not an exception.
Those who can enjoy the lowest interest rate on credit loans are employees of white-listed customers of major banks. They usually work in public institutions, government departments, large state-owned enterprises or some other high-quality units.
In addition, the bank's mortgage customers and payroll customers will also have advantages in applying for consumer loans.
"The minimum interest rate for offline approval of consumer loans in our bank can reach 3.75%, but it requires branch approval, and the access requirements are very high. If our branch approves itself, the minimum interest rate can reach 4.1%. Generally, we do not do retail investors, but connect with units. Our favorite institutions are schools and hospitals.” Mr. Wang, a loan manager of a sub-branch in Dongcheng of a large state-owned bank, told the Beiqing Daily reporter that the bank likes to cooperate with institutions and grant collective credit to their employees.
As for consumer loans approved online, the bank advertises that the lowest interest rate can reach 3.9%, but Mr. Wang revealed that online applications are all automatically approved by the system. Only customers or high-quality customers who have more than 900,000 yuan in wealth management in the bank can get it, "general customers will not be so low."
For ordinary consumers, not only can they not get the lowest interest rate, but they may not even be eligible to apply.
A reporter from the Beiqing Daily chose a mobile bank of a large state-owned bank with no transactions at ordinary times to try to apply for the bank's consumer loan. The page did show that "it's a pity that you failed to obtain the application quota of our bank".
How can I get a quota?
The bank pointed out three ways: one is to become the bank's housing loan customer; the second is to provide real estate mortgage or other valid guarantees, and contact the personal loan center for other loans; the third is to handle more deposits and wealth management services in the bank.
Liang Si, a researcher at the Bank of China Research Institute, pointed out that the decline in the interest rate of consumer loans does not mean that the "threshold" has changed. Relatively speaking, consumer loans with low interest rates are more targeted at high-quality customers.
Because the bank has a professional review process for customer assets.
The lender's own qualifications, credit rating, etc. will affect the interest rate level of the loan.
While expanding business, banks will also do a good job in risk prevention to ensure the safety of asset quality and sustainable business development.
"For banks, the interest rate is of course set at a high level. After all, the interest rate difference is the source of profit for the bank. Unless the user has a certain amount of credit and the repayment risk is extremely low, the bank will give the lowest interest rate." Pan Helin believes that banks The approach is also to encourage borrowers to contribute more profits to the bank and improve user loyalty, so with a whitelist, this is a normal market behavior.
Text / reporter Cheng Jie
Expert reminder
Applying for a consumer loan must have actual needs
Be sure to find a legitimate financial institution
It is an indisputable fact that consumer loan interest rates have fallen, regardless of whether they are whitelisted customers or not.
Faced with lower and lower loan interest rates, should ordinary consumers give it a try?
Regarding this idea, many experts reminded that you must apply as needed, do what you can, and at the same time, you must go to a formal financial institution.
Dong Ximiao reminded consumers that the most important thing is to ask themselves if they need it. "You don't need to look at the loan interest rate. You must first have a need before you apply for a loan." For example: commercial banks, 30 licensed consumer finance companies across the country, etc.
The third is to look at the various terms of the loan agreement, especially the provisions on interest charges, such as whether the interest rate is an annualized monthly interest rate or a daily interest rate, and there are no other fees.
"If it's not necessary, don't borrow, there is no free lunch in the world." Pan Helin also suggested that consumers really want to take out consumer loans and go to regular banks to borrow to reduce borrowing risks. It is best to shop around and not be afraid of trouble.
Finally, be sure to read the terms clearly to prevent stepping on the pit.