What does Pratt & Whitney Consumer Loan mean?

Pratt & Whitney consumer loans are generally small loans for individuals, and many banks have launched such loans with different names. Consumer loans are loans used for daily purchases of durable consumer goods, car purchases, tourism and other consumption. Consumer loans have a wide range of uses, a high amount and a long term. The guarantee methods are divided into credit guarantee and mortgage guarantee.

At the time of handling, as long as the borrower meets certain conditions, he can apply for a consumer loan, but he must repay it on time after borrowing. Overdue repayment will generate penalty interest, and overdue records will be uploaded to the credit information center.

Extended data:

How to get a loan from a bank:

Users can apply for loans directly at the bank counter or through online channels. To apply for a bank loan offline, I need to bring my ID card and related application materials, fill in the loan application form at the bank, and then submit the form, ID card and application materials to the bank for review. Applying for bank loans with online loans is generally to apply for credit loans, which can be submitted as long as there is a quota.

After the offline loan is approved, the user needs to sign a loan contract at the offline branch of the bank. After the online loan is passed, the bank will sign an electronic loan contract with the user, and the user does not need to sign a loan contract offline. Although they are all bank loans, the amount of offline loans is higher than online loans.

Users who want to apply for large loans are more suitable to apply for offline loans from banks. To apply for a small loan, or to use money urgently, you can try to apply for a bank online loan. In addition to the different loan quotas, the speed of the two types of loans is also different, and the speed of online lending is faster than offline.

Bank loan terms:

The basic conditions for bank loans are: the applicant 18 years old, and the upper limit of the loan age is generally 55 years old or 60 years old; The applicant has a stable income and can repay the loan principal and interest on time; The applicant's credit report is good and there is no bad credit record in the credit report. Meet the above basic conditions, users can apply for bank credit loans. To apply for other types of loans, you need to meet some specific conditions.

For example, mortgage loans need collateral, secured loans need guarantors, and loan users need to have fixed business premises.