How much can a personal loan be? A personal loan is a local or foreign currency loan issued by a bank or other financial institution to a qualified natural person for personal consumption, production and operation. So, how much can a personal loan cost?
How much can a personal loan cost
In fact, the loan limit should be determined in combination with the loan method selected by the borrower and personal qualification. If you choose a mortgage loan, the maximum amount of loan can reach 70% of the assessed value of the mortgage house, and the maximum amount can reach tens of millions of yuan.
If you choose no mortgage loan, the loan amount is only about 10 times of the borrower's monthly income. However, it is worth mentioning that banks will slightly adjust the approved amount in combination with the borrower's liabilities, occupation and other personal qualifications. For example, for a borrower who has already made a loan and has not yet paid it off, the bank will determine the amount of approval based on the principle of whether the repayment ability after refinancing can cover the accumulated liabilities.
Generally speaking, banks usually stipulate that the total debt ratio of borrowers should not exceed 50% of their monthly income. As a result, borrowers who have liabilities and refinance may lower the approved amount of loans on the basis of the original one in the second application.
In addition, for stable professional groups such as civil servants, teachers, doctors or fortune 500 employees, their career is the best tool to increase the loan line. Because a stable income means a stable repayment ability, the amount of approval received by such people is usually higher than that of ordinary professionals.
How much can I borrow from my ID card
It is understood that there are still a lot of ID card loans, but it does not mean that only through the ID card loans can be, if only the ID card does not have additional conditions, then the amount of loans can be applied for is 0! ID card is only one of the materials needed in the loan process, at the same time, those with only ID card loans, high amount, low interest are generally cheaters.
ID card loan is generally credit loan, that is, no mortgage loan. If you want to apply, the borrower needs to provide not only his ID card, but also his income certificate, work certificate, bank account and other information. In the case of complete information and good credit, you can apply for a non mortgage loan. The amount of loan depends on the income of the borrower. For the working class, the maximum amount of loans is 10 times of their monthly income.