Ping high interest loan you can borrow annual cost of up to 27.6%

Tomorrow, the Central Bank will perform the fifth this year raising the deposit reserve rate. Political Commissar of the Chief Economist at Industrial Bank of Lu said, raised the reserve requirements can be roughly locked funds of commercial banks more than $ 370 billion. More difficult for public loans to buy a House to buy a car. Reporters received the public calls in recent days, he said he needed money to borrow money from Salt Lake in the vicinity of ping an insurance company, over the same period found that interest is about 4 times the bank interest. Not only that, on the manner of repayment, unlike banks can equal constant principal repayment of principal and interest and selection, selection matching principal and interest only repayment, so down, pay a higher interest cost. He asks, so ask an exorbitant price reasonable? Reporters for a visit. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture years borrowing cost most up to 27.6% in pine GUI Park peace Business Hall, reporter see has MUI Mr said of this no mortgage loan publicity single. Indicated on the leaflet: through the purchase of consumer credit insurance, the public can get a maximum of $ 150,000 from the Cooperative Bank of unsecured loans. Staff told reporters, this micro-credit, banks generally do not do. Microfinance's blind spot, let this "easy credit insurance" has a place. In General, the monthly income of over $ 2000, good people personal credit record can be obtained by easy credit risk from the cooperative bank unsecured loans, fast several days to the account, amount in between 10,000 and 150,000 yuan, loan term of up to 3 years. Journalist to easy credit risk as an excuse to get a loan interest rate table from Customer Manager. Table display, customers can select salary loan, property owners and employee credit loan 3 ways, but have to pay expensive premiums. A case study of 1-year loan of $ 10,000, not including monthly repayment of principal amount of $ 833, salary loan or to pay premium 180 Yuan/month and bank interest on $ 30/month. Conversion, the average annual cost of borrowing of 25.2%. Owners credits you will need to pay $ 200/month premium and interest of $ 30/month, cost of borrowing up to 27.6%. Under the current regulatory requirements, lending rates highest in less than 4 times times the bank interest rate over the same period. It is clear that owners loan to pay higher than the cost of a one-year lending rate of 6.31% of the times, or 25.24% requirements. Lijian 3 years to earned premiums and interest repayments repayment, lenders each month the same date as the day of repayment, you can choose to 1 year (12 issues), 2 years (24 issues), 3 years (36 issues) of repayment, the Bank will automatically deducted the amount of repayment on the loan bank card. But for Mr MUI questioned why can only accept the default matching the principal and interest practices of insurance companies, staff said this was to facilitate the repayment. Clearly, and home loans mortgage similar, matching the principal and interest repayments will be higher than the total interest paid of equal principal repayment. Although repayment company to provide a period of 12, 24, 36, is still highly recommended 36 payments for staff. "You borrow $ 10,000, if you choose 12 payments each month to repay $ 1043 (10000/12+180+30=1043), 24 months for as long as the $ 627, 36 had even less, as long as the $ 488, so that your pressure is much smaller. "Staff call a spade a spade, select 36 payments, borrowing once approved, the more likely. Data provided to the staff member, journalist rough estimates, $ 10,000 selected 12 payments of interest amounted to $ 2,516; 24 periods of up to $ 5,048, more than half of the principal; if you choose 36 issues, interest is as high as $ 7,568. "High 36 payments of interest" question, staff response to early repayment. This reporter learned that, early repayment penalty, penalty charge is as follows: use the time in the 1-6 charge within months by the remaining principal, 6-12 months according to the remaining principal of the 2% collection, more than 12 months the remaining principal of the 1% collection. "$ 40,000 are you sure you want to have more than a year, so the penalty as long as a point, not many. "Change or" exploit other ' s carelessness "though clearly labeled promotional loan purposes shall not be used in investment real estate, stocks, futures, or other equity investment. Reporters found that although the lenders require commitment to the use of funds, but staff "turn a blind eye, close one eye", even active as lenders zhizhao. Reporters asked borrowed $ 40,000 will not used for decoration, can we took and investment, staff said "as long as the money out to you, then go to the managed Bank on the line. Not by direct transfer to a method of third-party managed banks, customers before a situation like this before, banking Bureau immediately to check. "It is understood that generally cannot divert when scrutinized by a bank loan for investment funds, but obtained through safe and easy credit risk loan will directly enter in the customer card, loan purpose is difficult to monitor, provides a channel for funds flowing into the stock market. In the field, reporters found a complete performance of the staff list on a Blackboard, complete performance better staff list, is tree as a benchmark. Not difficult to conclude that, under indicators of achievement, suspected of funds provide tangible and void. In fact, insurance companies give lenders a guarantee is not a precedent, such as mortgage insurance and car loan insurance is such. But with several insurance companies said it had opened credit insurance project, but due to excessive risk, give up more losses. A has been involved in credit insurance insurance companies said, operating at greater risk of credit loan business, are currently no plans to revive credit insurance. For example, the sources also said, when the once booming car loan insurance, subsequently for payment rate is too high, was the China insurance regulatory Commission halted.