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Region: Sichuan Chengdu
Generally speaking, more formal guarantee companies do not provide credit guarantee for individuals, so most of them need collateral. The guarantee company will discount the collateral according to its type after evaluating it. If the collateral and loan amount are equal, they will provide guarantee. At the same time, a certain guarantee fee will be charged (generally 1-5 depending on the loan entity in each region, and the guarantee company may raise the guarantee fee or not provide guarantee if it thinks the risk is high). Under normal circumstances, they do not charge interest, but if compensation occurs and the individual fails to make up within the time limit specified in the contract, there will be default interest. Under special circumstances, the guarantee company will also provide credit guarantee. If it is a credit guarantee, there is no need for collateral, but if there is collateral, the amount of credit can be much higher than that of the bank. The interest rate is also determined by different guarantee companies, which will be higher for individuals and lower for enterprises. The funds of regular guarantee companies come from banks, and the interest is subject to the current bank interest. The guarantee companies charge a certain guarantee fee.
2021-03-20 13:37:02 Reply
