"Towards the end of the year, the bank will immediately suspend the loan" "Customers who need capital reserves will send a private message in advance to reserve a place for you"...... The end of the year is approaching, and the speculation of banks collectively suspending loans is rising. On December 20, a reporter from Beijing Business Daily noticed that recently, many loan intermediaries have shown that banks will stop lending and tighten their business to attract financial consumers to borrow. However, judging from the investigation, such a statement is not accurate, and many bank personal loan managers in Beijing have said that they are still accepting consumer loan applications normally, however, some bankers said that due to the bank's year-end settlement, only applications and approvals are currently accepted, and loans need to wait until after January 1, 2024, but not to stop lending.
Speculation on bank loan suspension is rising
As the end of the year approaches, loan intermediaries can no longer sit still! They have begun to "work hard" to speculate. On December 20, a reporter from Beijing Business Daily noticed that a number of loan intermediaries have issued signals that banks will fully suspend loans and consumer loans are being tightened in an all-round way to attract financial consumers to borrow.
"Affected by the interest rate cut during the year, bank deposits were lost a lot at the end of the year, resulting in a high degree of tightness in loan lines. A loan intermediary said, "Most banks have announced that they will suspend lending after November, and those that can lend will also raise the entry threshold in the near future." Customers who want to take out a loan have been planning ahead lately. ”
"In a few days, no matter how anxious you are, it will be too late!" another loan intermediary said, "After December 20, most banks will stop lending and make every effort to sprint to a 'good start' in January 2024, and only select high-quality customers from January to March next year, and ordinary customers will skip directly, and banks will make every effort to prepare for the savings business." ”
The loan intermediary also mentioned that "the banking system will retrieve all the information of the individual for a comprehensive score, and those with bad records will directly skip or pull into the 'blacklist'".
Without exception, a number of loan intermediaries have mentioned that banks will suspend loans in batches, reminding financial consumers to prepare in advance for capital needs, including large state-owned banks, joint-stock banks, and local banks. A reporter from Beijing Business Daily noticed that in the notice, some loan intermediaries also marked out preferential policies for consumer loan interest rates.
"Seize the last few days to ensure a smooth disbursement". A loan intermediary in Beijing mentioned that "at present, the minimum amount that can be made for consumer loans is 2.98%, and the bank policy is relatively lenient at the end of the year, with interest first and principal after 10 years, and there is no need to repay the principal." However, when a reporter from Beijing Business Daily inquired as a financial consumer which bank provided the business, the loan intermediary was more cautious and did not disclose any information, but repeatedly emphasized that "the phone is not easy to say, you can come to the company for consultation."
There are also loan intermediaries who give lower consumer loan interest rates, and some loan intermediaries introduced, "At present, the bank's 'good start' consumer loan interest rate is as low as 2%, and only 1,500 yuan of interest is repaid a month for a loan of 1 million yuan, and the review conditions are relaxed." However, the name of the bank, the loan intermediary is still vague, and it is also given that you can come to the site for consultation, submit application materials and then match the bank's operation.
Since the beginning of this year, the content of bank loan suspension has been frequently hyped by loan intermediaries, citing the "good start" and deposit loss. According to Wang Pengbo, chief analyst of Broadcom Consulting, the loan intermediary's move is mainly for speculation, causing panic among financial consumers who have borrowing needs, so as to take the opportunity to seek benefits.
The suspension of loans is fake, and it is still sprinting
At the end of the year and the beginning of the year, it is the time when the "good start" of the banks is in full swing, from the actions of banks around the country, the deployment of deposit and loan marketing tasks, do a good job in the critical customer contribution to increase, and the maturity of customer value transformation has become the main theme, but the preparation for the "good start" does not mean that the loan is stopped, taking Beijing as an example, in the course of the investigation, a number of bank personal loan managers have denied the loan intermediary statement.
Before getting off work on December 20, Chenyang (pseudonym) had just finished connecting with the customers in his hand and introduced the consumer loan products promoted by the bank, and he worked for a city commercial bank in Beijing. At the end of each year, the bank will send loan marketing SMS to eligible customers, with the contact information of the personal loan manager to facilitate customer consultation.
"This time, the bank is sending a 7-day interest-free coupon, which is by invitation only. Chenyang recalled, "In the past few days, customers have added my contact information to consult loan products, some want to consume normally, and some want to repay loans with loans. At present, there is no notice from the bank announcing the suspension of loans, and product approval and incoming documents are proceeding normally. ”
A person from the personal loan center of another large state-owned bank also mentioned that "I have not received a notice of loan suspension, and the tasks given by the bank this year are relatively heavy, and the tasks of collecting savings and lending are basically grasped with both hands, especially in the consumer loan business, and I have not heard the notice of loan suspension, and all of them are proceeding normally."
Due to the relatively convenient application process for consumer loans, most of the loan products launched by banks are three-step process of filling in application materials, system approval and lending, so the vast majority of banks are still making efforts in the consumer loan business and doing a good job in the "sprint" at the end of the year. However, in the course of the investigation, some banks only accept applications and approvals due to year-end settlement.
A personal loan manager of a joint-stock bank pointed out that "the coupons issued by our bank are 'white list' enterprise system, and there are two situations when applying, one is that the enterprise involved in the borrower is already in the 'white list' of our bank, and the loan cycle is relatively fast, and it only takes about 4 days from the submission of materials to the loan; After the approval of the whitelist, you can enter the next step of the borrowing process".
"This virtually lengthens the loan duration, plus the time point at the end of the year and the beginning of the year, the bank needs to settle at the end of the year, so the loan time is also extended to after New Year's Day, and the loan is disbursed in the order in which the borrower applies, but this is not the meaning of stopping the loan. The personal loan manager of the above-mentioned joint-stock bank said.
Consumer loans should prevent blind "involution"
Although loan intermediaries advocate that banks suspend loans in batches as fake, it has to be mentioned that it has become the norm for banks to become more and more "involuted" in consumer loan marketing. In addition to some banks starting to cut interest rates in limited quantities, and the minimum annualized interest rate of loans has been reduced to "1", there are also many banks that have launched group loans, as long as you find a "loan partner" of the same unit to apply for a loan together, you can get a lower loan interest rate.
For banks, interest rate cuts can attract more financial consumers to participate, thereby increasing the increment of loan business, but it is still necessary to note that if loan funds are not used properly, there may be problems such as misappropriation and illegal use of funds. During the investigation, a loan manager did mention that some borrowers expressed their desire to use loans to support their loans.
It is urgent for banks to strengthen the supervision of post-loan funds for consumer loans. According to Zhou Maohua, a macro researcher at the financial market department of Everbright Bank, excessively low consumer loan interest rates can easily lead to cross-market arbitrage, trigger excessive consumption by some borrowers, and may give rise to the risk of local asset bubbles. increase the cost of non-compliance, etc.
Dong Ximiao, chief researcher of Zhaolian, emphasized that many banks have reduced loan interest rates to seize market share and enhance product competitiveness. However, the development of consumer loans should be within a moderate and reasonable range, and should not blindly overgrow, and the service objects should not sink as much as possible, and banks should effectively prevent problems such as "should not lend" and "over-lend", so as to reduce the probability of "common debt" risks.
Beijing Business Daily reporter Song Yitong
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