Who can get the ＂lowest＂ when the interest rate of bank consumer loans is lowered？
"Online application, with the loan, the maximum amount is 200,000, and the lowest interest rate is 3.75%." Ms. Zhang, who lives in Dongcheng, said that she recently received several sales calls from self-proclaimed bank staff, saying that the interest rate of consumer loans has been lowered, and it is particularly suitable to apply now. According to a survey conducted by Beijing Youth Daily, six state-owned banks, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Bank of Communications, Agricultural Bank of China and China Postal Savings Bank, have been vigorously promoting unsecured and unsecured credit consumption loans recently, with the lower interest rates not exceeding 4% and as low as 3.7%, which can be said to be an unprecedented low. However, major banks have not relaxed the requirements for loan approval. Only high-quality customers on the bank’s white list can get the lowest interest rate, and not everyone can enjoy it.
Consumer loan interest rates of six major state-owned banks
The lower limit does not exceed 4%
It is understood that at present, the preferential interest rate of personal credit consumption loan (ICBC e-loan) of ICBC Beijing Branch can be as low as 3.75% and the longest term is 3 years. In fact, last November, the lowest interest rate of Ronge Loan was still 4.65%, and by December 29th, the lowest interest rate will be reduced to 3.85%, that is, one-year LPR+5 basis points. Since the end of January this year, the minimum interest rate of Ronge Loan of ICBC North Branch has been further adjusted to 3.75%, down 0.1 percentage point from last December. This is mainly because the LPR on January 20th was lowered by 0.1 percentage point compared with last December.
Bank of China Beijing Branch has also recently launched a summer preferential activity for personal consumption loans. The online application for BOC E loan can be up to 200,000 yuan, with a validity period of one year, a loan period of 1-12 months and an annualized loan interest rate of 3.9%. The conditions for offline application of "Suixin Smart Loan" are more favorable, with the maximum amount of 300,000 yuan, the validity of the amount extended to 3 years, the loan period of 1-12 months, and the lowest interest rate of 3.75%. Customers who spend money during the activity will also have the opportunity to get the WeChat reduction from 50 yuan -500 yuan.
CCB’s fast loan slogan is "second application, second review and second account arrival", and the annualized interest rate is as low as 3.95%, with daily interest, no interest for spending, and the longest repayment period is 36 months. The reporter of Beiqing Daily noticed that in late June, the minimum interest rate of fast loans displayed by CCB North Branch was still 4%, and it dropped to 3.95% on July 10.
Recently, Bank of Communications launched a preferential loan for Huimin in the whole country. New customers can get a discount coupon of 30% or 10% interest rate if they successfully apply for the quota, and high-quality customers can enjoy a preferential interest rate of 3.85% per annum at the minimum.
According to the mobile banking of Agricultural Bank of China, the annualized interest rate of NetJet loan is at least 3.7%, which is "flexible, free of guarantee, free of charge and low in cost".
Postal savings bank’s "postal loan" is approved online, and the amount of application can not exceed 200,000 yuan, the annualized interest rate is at least 3.85%, and the term of a single loan does not exceed 60 months.
It is understood that the online approval amount of credit consumption loans of these state-owned banks generally does not exceed 200,000 yuan. If there is higher demand, you need to apply at offline outlets. In addition to the differences in interest rates, the loan terms of major banks are also different, some of which are less than one year, and some can be as long as five years. In terms of repayment methods, the choices provided by banks are also different. For example, Bank of China’s single use of BOC E loan can adopt the repayment method of equal principal and interest, one-time repayment of principal and interest at maturity, and monthly repayment of principal and interest at maturity; ICBC can choose average capital, equal principal and interest, and repay the principal at one time on schedule.
The downward adjustment of consumer loan interest rate is a trend.
The interest rate of state-owned banks has always been the best in the market.
In fact, this kind of personal credit loans with no guarantee, no mortgage and online approval are not only available in state-owned banks, but also in other banks, consumer finance companies and small loan companies. The reporter of Beiqing Daily found that since the beginning of this year, the interest rate of Internet loans has declined as a whole, but among all these loans, the interest rate of state-owned banks is undoubtedly the lowest.
At present, many stock banks and city commercial banks have a minimum annualized interest rate of 4.35%, and some Internet banks have a minimum interest rate of 9%. Among the gold-dissolving companies, the annualized interest rate of hospitality loan of BOC Gold-dissolving is the lowest 9.125%, that of Zhaolian Finance is the lowest 7.3%, and that of "Comfortable Flower" and "Extreme Loan" of China Post Gold-dissolving are the lowest 7.2%. In small loan companies, the minimum annualized interest rate for small loans is 7.2%.
"Big banks have low capital costs, higher loan conditions and relatively high-quality customers, so their consumer loan interest rates will be lower. Not only consumer loans, but also other types of loans. " Dong Ximiao, chief researcher of Zhaolian Finance, 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 the downward channel, and other loan interest rates are also declining, so the downward trend of consumer loan interest rates is the trend. On the other hand, affected by the epidemic and the economic downturn, some customer groups targeted by consumer loans are not particularly stable in jobs and their incomes are also declining. Banks can better support these customers by lowering the interest rate of consumer loans. In addition, lowering the loan interest rate can also stimulate effective demand, and "small profits but quick turnover" can be achieved by lowering the interest rate.
Pan Helin, co-director of Digital Economy and Financial Innovation Research Center of International Joint Business School of Zhejiang University, pointed out from the perspective of bank credit structure adjustment that at present, mortgage accounts for a high proportion of bank personal loans, and many banks want their own credit structure to be more diversified, while the amount of consumer loans is smaller, the interest rate is higher than that of mortgage, and the recovery period is shorter, which belongs to the credit field that banks want to explore, so the major banks are clustered in the consumer loan market, but because consumption cannot be expanded in a short period, consumer loans have increased and the competition pressure has emerged.
The bank did not relax the approval criteria.
The lowest interest rate is only for a few high-quality customers.
The reporter of Beiqing Daily also noticed that in order to prevent consumers from misunderstanding, the consumer loan advertisements of various banks will add a hint at the end: "The product interest rate is subject to the actual interest rate. If in doubt, please consult the local outlets in detail." "The specific interest rate is subject to the actual display on the page." In fact, only a few customers can finally enjoy the tempting lowest interest rate.
"I told me before that the lowest interest rate would not be higher than 4%. I just wanted to decorate and applied for 200,000. As a result, the interest rate finally approved exceeded 5%. " Mr. Zhang, a citizen, told the reporter of Beiqing Daily about the result of applying for credit consumption loan in the mobile banking of a big state-owned bank recently. It is understood that Mr. Zhang’s situation is not a case. The employees who can enjoy the lowest interest rate of credit loans are all white-listed customers of major banks. They usually work in institutions, government departments, large state-owned enterprises or other high-quality units. In addition, the bank’s mortgage customers and payroll customers will also have advantages when applying for consumer loans.
"Our bank’s minimum interest rate for offline approval of consumer loans can reach 3.75%, but it needs the approval of branches, and the access requirements are very high. If our sub-branch approves by itself, the minimum rate can reach 4.1%. Generally speaking, it does not work as a retail investor, but is connected with the unit. Our favorite institutions are schools and hospitals. " Mr. Wang, the loan manager of a branch of a state-owned bank in Dongcheng, told the reporter of Beiqing Daily that the bank likes to cooperate with institutions and give credit to their employees collectively. As for consumer loans approved online, the bank advertised that the lowest interest rate could reach 3.9%, but Mr. Wang revealed that online applications are automatically approved by the system. According to his knowledge, only the bank’s mortgage customers, payroll customers or high-quality customers who manage more than 900,000 yuan in the bank can get it. "Ordinary 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. The reporter of Beiqing Daily chose a mobile phone bank of a state-owned big bank, which usually has no transactions, to try to apply for the bank’s consumer loan. The page did show "It’s a pity that you failed to obtain the application quota of our bank".
How can I have a quota? The bank pointed out three ways: first, to become the bank’s housing loan customers; The second is to provide real estate mortgage or other effective guarantee, and contact a personal loan center to handle other loans; The third is to handle more deposits and wealth management business in the bank.
Liang Si, a researcher at China Bank Research Institute, pointed out that the decline in the interest rate of consumer loans does not mean that the "threshold" has changed. Relatively speaking, low-interest consumer loans are aimed at more high-quality customers. Because the bank has a professional audit process for customer assets. The lender’s own qualifications and credit rating will affect the interest rate level of obtaining loans. Banks will also do a good job in risk prevention while expanding their business to ensure the quality and safety of assets and the sustainable development of their business.
"For banks, the interest rate is of course set higher. After all, the spread is the source of profits for banks. 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 the bank’s practice is also to encourage borrowers to contribute more profits to the bank and improve user loyalty, so it is normal market behavior to have a white list.
Expert reminder
There is a practical need to apply for consumer loans.
We must find a formal financial institution.
Whether it is a white list customer or not, it is an indisputable fact that the interest rate of consumer loans has dropped. In the face of lower and lower loan interest rates, should ordinary consumers give it a try? In this regard, many experts reminded that we must apply as needed and do what we can, and at the same time we must go to formal financial institutions.
Dong Ximiao reminded consumers that the most important thing is to ask yourself if you need it. "You don’t need to look at the loan interest rate. You have to have your own needs before you apply for a loan." Secondly, consumers should choose formal financial institutions, such as commercial banks and 30 licensed consumer finance companies in China. Third, it is necessary to clearly understand the various terms of the loan agreement, especially the provisions on interest fees, such as whether the interest rate is annualized, monthly or daily, and there are no other fees.
"Don’t borrow money unless necessary. There is no such thing as a free lunch." Pan Helin also suggested that consumers really need to borrow consumer loans, go to formal banks to borrow money, and reduce the risk of borrowing. It is best to shop around and don’t be afraid of trouble. Finally, be sure to read the terms clearly to prevent stepping on the pit. Text/reporter Cheng Wei