China Banking and Insurance Regulatory Commission: Be alert to illegal loan intermediaries that induce consumers to refinance in violation of regulations

　　Chinanews.com, December 20th. According to news from the WeChat public account of the "China Banking and Insurance Regulatory Commission" on the 20th, some unscrupulous intermediaries have recently discovered "business opportunities" and promoted housing loans to business loans to consumers, claiming that they can "turn loans and reduce interest rates" to induce consumers Use the intermediary bridge funds to settle the mortgage, and then go to the bank to apply for a business loan to return the bridge funds.

However, this operation of replacing housing loans with business loans has hidden risks of breach of contract and law, high fee traps, affecting personal credit, breaking the capital chain, and infringing on information security. The China Banking and Insurance Regulatory Commission Consumer Rights Protection Bureau issued the 2022 The 8th issue of risk warning reminds consumers to be vigilant against the temptation of illegal intermediaries, recognize the hidden risks behind illegal refinancing, and prevent legitimate rights and interests from being violated.

Risk 1: The intermediary’s illegal operation brings hidden dangers of breach of contract and law to consumers.

According to relevant regulatory regulations, operating loans must be used for production and operation turnover.

The loan contract between the bank and the consumer will clearly stipulate the purpose of the loan. However, under the "on-lending" operation, if the bank finds that the operating loan funds have not been used in accordance with the contract, the consumer will eventually bear the responsibility for breach of contract. Not only may the bank require early repayment of the loan, Personal credit will also be affected.

In addition, in the process of handling business loans, illegal intermediaries claim to provide services for handling various documents and materials, and "help" consumers apply for loans. In fact, they obtain the qualifications to apply for business loans by forging water flow and packaging shell companies. The behavior is suspected of defrauding bank loans, and consumers may even be investigated for relevant legal responsibilities.

Risk 2: The intermediary advances the "bridge funds", and there are many tricks hidden in the interest fees.

Illegal intermediaries' so-called "refinancing interest rate reduction" requires consumers to settle their housing mortgage loans first, and then use their houses as collateral to apply for business loans.

In order to seek illegal benefits, illegal intermediaries often encourage consumers to use the intermediary bridge funds to repay the remaining mortgages, and collect high fees in various names such as advance bridge interest, service fees, and handling fees, and consumers "refinance" The final comprehensive capital cost may be higher than the normal interest rate of the mortgage.

Even if the final application for a business loan fails, the consumer will still be required by the intermediary to bear the above-mentioned high costs, and will also bear the repayment pressure of high-interest bridge funds.

Risk 3: There is a risk of breaking the capital chain in the operation of "repaying loans with loans" and "transferring loans".

Business loans and housing loans are very different in terms of loan conditions, interest, fund use, term, and repayment methods.

For example, the term of business loans is short and the repayment requirements are very different, and most of the principal needs to be repaid in one go. If the borrower does not have a stable source of funds, the loan cannot repay the principal in time after the loan expires, which may cause a break in the capital chain risk.

Risk 4: There is a risk of information security rights being infringed in the "on-lending" operation.

When consumers choose the "onlending" service of a "loan intermediary", they need to provide relevant important information such as identity information, account information, family member information, and property information to the intermediary.

After some intermediaries obtain consumers' personal information, they may disclose and sell relevant information for illegal benefits, violating consumers' right to information security.

　　Banking institutions should intensify the popularization of financial knowledge, fully remind consumers of risks, further improve internal management mechanisms, strengthen intermediary agency management and loan review, and prevent the risk of housing loans being replaced by operating loans in violation of regulations.

At the same time,

The first is to prevent false propaganda by illegal intermediaries and improve risk identification capabilities.

Be wary of unscrupulous intermediaries who conceal unfavorable information and only talk about attractive conditions to deceive and mislead consumers.

The so-called "refinance interest rate reduction" seems to be more favorable interest rates, but actually hides risks such as hidden dangers of violations of laws and contracts, traps of high fees, damage to personal credit, broken capital chains, and information leakage.

The second is to choose formal financial institutions for consultation and be alert to the traps of illegal intermediaries.

It is necessary to reasonably evaluate the actual situation of individuals or families. If there is any need for early repayment or other financial business needs, you should consult with banks and other formal financial institutions to understand the relevant situation.

Understand financial common sense and protect your legitimate rights and interests.

The third is to carefully review the content of the contract and use the loan according to the agreement.

Both financial institutions and consumers should follow the principles of fairness, voluntariness, honesty and trustworthiness. Financial institutions should lend in compliance with regulations, and consumers should borrow rationally.

When applying for a loan, provide authentic and effective loan application materials; when signing a contract, carefully read the terms, focus on important content such as interest rates, fees, rights and obligations, and risk warnings, and be cautious about signing and authorization; after borrowing, pay attention to the agreed use Use the loan to avoid misappropriating it for other purposes, resulting in liability for breach of contract and affecting personal credit.

The fourth is to pay attention to the protection of personal information to avoid property losses.

When handling financial business, do not disclose personal information such as identity information, bank account number, and property status at will to prevent the risk of information leakage; do not easily log in to the website of an unknown institution and forward links; do not trust unfamiliar calls claiming to be a financial institution, and avoid personal information It is used by criminals and even causes property damage.

(China New Finance and Economics)