What does the Agricultural Bank of China mean by granting 300,000 yuan in advance?

What does the Agricultural Bank of China mean by granting 300,000 yuan in advance?

The advance credit of ABC is 300,000 yuan, which means that the estimated loanable amount given by ABC after comprehensive evaluation of customers' credit status and repayment ability is 300,000 yuan, but this amount is only a preliminary estimated amount, not a real credit amount. If the credit line is to be revoked in the future, it is often necessary to conduct a more rigorous review again. Credit line is a reusable loan fund provided by banks or other lending institutions. You can only mention the credit limit, and you should make it clear when borrowing.

First, bank credit is similar to credit card. The bank will give users a certain amount of money, which users can use at any time in a certain period of time, but credit loans usually require the user's real estate to be mortgaged in the bank; Bank loan is an economic behavior that the bank issues loans to individuals or enterprises at a fixed interest rate and repays them on a fixed date.

1. Bank credit refers to the funds provided by commercial banks to customers of non-financial institutions, or the guarantee for the compensation and payment liabilities that may occur in related economic activities. Its business types are diverse and involve a wide range. Including loans, trade financing, bill financing, financial leasing, overdraft, advances and other off-balance-sheet businesses, as well as off-balance-sheet businesses such as bill acceptance, letter of credit opening, letter of guarantee, standby letter of credit, letter of credit confirmation, bond issuance guarantee, loan guarantee, sale of assets with recourse and unused irrevocable loan commitment.

2. Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit. Generally, you need a guarantee, house mortgage, or proof of income. Anyone with good personal credit can apply. At present, most people buy houses and start businesses through bank loans, and the state actively encourages us to borrow through banks, which makes the national economy more and more dynamic and better.

Second, handling the bank credit line will not affect our going to the bank for loans, but it is more beneficial for us to go to the corresponding bank for loans, because after handling the credit line, our qualifications have been recognized by the bank, which also shows from the side that we are not short of money, have a stable daily income, and have the ability to pay the interest generated in each period and finally repay the loan.

If we want to apply for a loan, the bank will first inquire about our credit information, but it will inform us before inquiring about the credit information and after obtaining our permission, otherwise it is illegal for the bank to inquire privately. Usually pay more attention to your credit information. If you have a loan before, you should pay interest and repay the loan in time to avoid adverse effects on your credit information.

What does it mean that the Agricultural Bank of China sends me a pre-credit?

It means that the bank has given users a certain amount of available credit in advance, which is generally the highest loanable credit. For example, the pre-credit of 300,000 yuan is an estimated amount given by the Agricultural Bank to customers, which is generally the highest loan amount that customers can refer to. Of course, this line is only an estimated data, which is the preliminary estimated result given by the bank according to the customer's qualification, not the final credit line. If you want to bring out the credit line, the lender must go through the strict examination of the bank. After the bank's evaluation, the final credit line may be higher than estimated.

Extended data

What does the pre-loan reserve fund of ABC mean?

Agricultural Bank of China pre-credit reserve refers to an available fund given by the bank according to the comprehensive credit of users, which will not occupy the credit line of credit cards. However, users need to formally apply for the pre-loan reserve fund, which can only be obtained after passing it, and then used. The reserve fund of ABC means that the amount will be directly credited to the credit card after the credit card customer applies.

It should be noted that the transfer and cash withdrawal functions of the card will be closed after the reserve funds of ABC reach the credit card account, and the proceeds can only be used by swiping the card. Usually, you can apply for the reserve fund of ABC through official website, mobile banking APP and other different channels.

After using the reserve fund of Agricultural Bank of China, the principal and installment fee shall be repaid as required. It is worth noting that regardless of whether the cardholder has used the funds, it must be returned according to the amount shown in the credit card statement. The installment principal shall be repaid in each installment ≈ the installment principal amount ≈ the number of installments. If the installment fee is charged at one time, the installment fee will be charged in full in the first installment.

The reserve fund of ABC must be returned on time after use, and there can be no overdue situation, because there will be penalty interest after overdue, and the longer the time, the more penalty interest. Moreover, it will be uploaded to the credit information center after the deadline, resulting in poor personal credit information. It is worth mentioning that the arrears will be retained for 5 years after being returned, and will disappear automatically after 5 years.

What do you mean by prepayment of 300,000 yuan?

Pre-credit of 300,000 refers to the available credit line given by the bank to users with a pre-credit line of 300,000, of which 300,000 is the highest loanable credit line for customers' reference. Pre-credit refers to the pre-loan amount granted by commercial banks or financial machines according to the comprehensive qualifications of users. It should be noted that the advance credit is 300,000 yuan, and no reminder will be given after application. In general, the advance amount is higher than the actual amount. In other words, the pre-credit line does not represent the actual payment line, and the actual payment line is subject to the system audit result after the user applies.

Pre-loan reserve refers to an additional loan amount provided by the bank according to the user's credit qualification conditions, which does not occupy the credit card amount, so it is called pre-loan reserve. However, with the prepaid phone bill limit, it doesn't mean that users can definitely apply successfully. Even if the application is successful, the actual down payment amount will change.

Therefore, the pre-loan reserve fund is actually the pre-loan amount given by the bank to users. After receiving this message, users can try to apply for a loan. The advance credit of ABC is 300,000 yuan, which means that the estimated loanable amount given by ABC after comprehensive evaluation of customers' credit status and repayment ability is 300,000 yuan, but this amount is only a preliminary estimated amount, not a real credit amount. If the credit line is to be revoked in the future, it is often necessary to conduct a more rigorous review again. Credit line is a reusable loan fund provided by banks or other lending institutions. You can only mention the credit limit, and you should make it clear when borrowing.

Pre-credit line means that commercial banks or financial institutions will generally have a pre-credit line higher than the actual credit line according to the credit status of customers. The pre-credit line does not represent the actual down payment line, and the actual down payment line is subject to the audit results of the system after the customer applies. It is generally the maximum loan amount that customers can refer to. Of course, this line is only an estimated data, which is the preliminary estimated result given by the bank according to the customer's qualification, not the final credit line. If you want to bring out the credit line, the lender must go through the strict examination of the bank. After the bank's evaluation, the final credit line may be higher than estimated.

What is bank pre-credit?

Pre-credit refers to the pre-loan amount (loan amount) given by commercial banks or financial institutions according to the comprehensive qualifications of users.

Pre-credit line refers to the maximum loanable line approved by commercial banks or financial institutions according to customers' credit status for customers' reference. The pre-credit line does not represent the actual loan line, and the actual loan line is subject to the system audit results after the customer applies.

Users can consult different commercial banks or financial institutions when handling loans. Because different institutions provide different loan interest rates, they generally choose to apply for low-interest loans, so that the interest paid after the loan is processed will be lower, which is conducive to subsequent repayment.

After handling the loan, you must return it on time, and there can be no overdue situation, because there will be penalty interest after overdue, and the longer the time, the more penalty interest. At the same time, overdue records will be uploaded to the credit information center, which will lead to poor personal credit information and affect the subsequent handling of various loans, such as car loans or mortgages.

If you can't repay on time, you can borrow money from friends around you, so that there will be no overdue. It is worth mentioning that in order to avoid loans overdue, users should measure their repayment ability when handling loans and know what income they use to repay.

Pre-credit of 300,000 yuan is an estimated amount given by ABC to customers, which is generally the maximum loan amount that customers can refer to. Of course, this line is only an estimated data, which is the preliminary estimated result given by the bank according to the customer's qualification, not the final credit line.

If you want to bring out the credit line, the lender has to go through strict examination by the bank. After the bank's evaluation, the final credit line may be higher than estimated.

Pre-credit approval means that the bank has passed the loan quota requirements put forward by the loan applicant, reviewed the user's data and issued the relevant pre-credit quota. Need to be reminded that the pre-credit line is generally higher than the actual line, mainly to attract customers to apply, depending on the actual effect. Among them, pre-credit management refers to the bank's initiative to pre-approve the credit line for customers before customers clearly put forward their business needs.