Ten personal loan management methods Which do you think is the most suitable?

First, the bank mortgage personal loan

Suitable for people: people with collateral need a large amount of money and a long term.

Borrowing cost: the annual interest rate is 3-5%, personal loan and then the repayment method has the first interest, the principal and interest are equal or the repayment is indefinite.

Amount: According to the property valuation, the general amount is less than 100,000 yuan, and some banks can reach 300,000 yuan.

Advantages: The amount is high, the cycle is long, the longest loan can be 20 years, the interest is preferred, and the repayment pressure is small.

Disadvantages: a company is required, and the bank will determine the personal loan management plan according to the three aspects of the company, real estate and individual, which is relatively longer than the working process

Second, the bank credit loan

Suitable for people: suitable for people with stable and high-quality jobs.

Stable and high-quality jobs refer to monopolistic enterprises, such as civil servants, government organs and institutions, water, electricity,coal,telecommunications, aviation, tobacco, enterprises under the State Assets Commission, large financial enterprises, state-owned enterprises, Fortune 500 enterprises, domestic listed companies, large Internet code practitioners or certified public accountants, lawyers, medical personnel and other professionals. Or, users who become invited by the bank, such as the unit is a white list enterprise of the bank, and employees of the bank's key marketing unit, have the opportunity to obtain quotas. Range: 5 to 1 million. Based on borrower credit, CPF, Social Security tax data.

Borrowing costs: General annualized interest rate in the 3.8-8% range.

Pros: Most banks accept personal loans at maturity with daily interest, with interest paid monthly and principal repaid at maturity, with the amount valid for a long time.

Now do not mention personal loan does not mention credit, can be called at any time, convenient and reliable

Disadvantages: but the borrower's qualification is general, it is easy to apply for multiple credit, leading to credit fraud, which is also a routine of intermediary operation)

Third, credit card

Different demographics: All student credit card holders.

Borrowing cost: Fair use, no interest during use, interest rate of about 4% per annum O Cap: Credit card cap is 80%.

Be careful not to fill it up

Pros: Low cost, credit does not show personal loan, points wool can be hidden.

Disadvantages: The term is too short, 30-45 days, not suitable for cash flow (except for professional poker

players).

Four, credit card large installment (credit card xx gold)

Suitable for people: bank credit card center promotion business, suitable for most credit card holders.

Borrowing business costs: Interest rates are risky, typically 1.5% per month, or 18% annualized.

Amount: about 10,000 to 100,000 yuan

Advantages: The operation is simple, you can generally apply online, and the interest rate is acceptable when the bank has activities.

Cons: Credit card installment payments used to be listed as a "credit card" on your credit report. Banks don't pay attention to these issues when reviewing personal loans.

Now, many of them are considered personal loans, adding to the borrower's liabilities. Plus the interest rate is not low, it is not recommended to use more. In addition, banks will require post-personal loan credentials, which can cause problems for borrowers

Fifth, the bank consumption installment

Suitable for people: installment personal loan for specific consumption purposes.

The cost of borrowing business: the lowest rate level of 2.5% (please refer to my article about the management rate, don't be confused by more than 2%, the actual annual interest rate is about 5% to 18%. The repayment behavior is to pay the same amount of principal and interest or to repay in installments.

Quantity: Currently up to 800,000, with a few cases reaching 1 million.

Advantages: Unsecured personal loan belongs to the higher category, such as installment decoration consumption, up to 8 years, up to 800,000.

Disadvantages: The personal loan is immediately interest, calculated according to the equal principal and interest (in fact, calculated according to the full principal, which is not expanded here). No prepayment, prepayment is required for liquidated damage

Sixth, consumer finance companies

Suitable for: ordinary office workers and business owners

Borrowing business cost: the actual market interest rate of 8-24% (note that from here we start, the development of lending institutions has changed from banks to non-banking institutions, so China's interest rate must be a rise).

Limit: According to the relevant regulatory laws and regulations, the maximum single loan of a single company is 200,000 yuan. A couple can borrow no more than 400,000 yuan.

Advantages: Fast, apply the same day, approved the next day, the next day on personal loan, direct loan into personal debit card.

Disadvantages: High interest rate, there are early repayment fees, generally equal to the principal and interest.

Seventh, online lending P2P

Suitable for people: individuals with credit defects, the needs of small unsecured funds

Borrowing costs :18-36%. Online lending has sprung up, helping many people to tide over the difficulties, spending countless people's credit... o credit line: generally only tens of thousands, emergency use (do not develop the habit of net loans, dependence).

Advantages: The bank for consumer loans can not be approved, this is at least a way.

Cons: After making a net personal loan, you can't pay it off until you say goodbye to the basic bank personal loan.

An online personal loan is inherently mutually exclusive with a bank personal loan

Eighth, private capital small personal loan company

Suitable for people: individuals need to apply for bridge financing, personal credit defaults, and borrowers are too pressed for time.

Borrowing costs :24-36%. If consumer firms are still under the CBRC's control and do not set prices recklessly, then private firms and small loan firms are even more wild.

"Interest rates must strive to adhere to the legal ceiling.

Limit: There is no limit to the management of bridge funds, and tens of millions of students have their own possibilities. The main research of bridge is tosee the needs of customers, and the bank carries out additional functional materials such as approval and assets. This method is generally based on corporate mortgage customers (credit is not good, or time is too tight the bank is too late)

Advantages: The bank does not do the customer, the customer has some specific defects. No credit.

Cons: Expensive, really expensive. Interest can be calculated daily or monthly. Get a haircut.

Intra-company borrowing

Suitable for people: Many companies have employees who are actually interest-free or low interest personal loans, employee benefits.

Borrowing costs: Generally low or no interest.

Quota: to discuss, according to the development requirements of the company

Advantages: Low cost, no credit

Cons: A perk. What's the downside? A: I just have to pay it back when I leave my job

10. Borrow money from a friend

Suitable for: Everyone.

Borrowing costs: Talking to yourself, suggest following the bank's base rate, if you can pay for sex without interest that's what you're capable of.

Amount: Talk to yourself.

Pros: Low cost, no credit. If the Internet loan violence, it is recommended to find parents to help, do not carry themselves.

Disadvantages: See relatives company face, owe a favor.