You want to know the secret of a personal loan entrusted to pay? A lot of people are confused about the term, and don't worry, and we're going to unmask it。

Why would a personal loan be entrusted to pay

First of all, what's entrusted to pay? In short, a fiduciary payment means that the loan funds are not under the control of the borrower, that is, the bank or the lending institution ensures that the loan funds are used properly and are not diverted and reduce the risk. For example, when you use a bank credit card, the bank will pay your dues to the business, and then you will only have to pay the bank principal and interest as agreed. That's the payment pattern。

And then we're talking about a bit of a headache, that's, like, being entrusted to pay the guarantee. Unlike the lenders referred to above, they are entrusted with the payment of security costs, which generally refer to the need for the borrower to be supported by a third-party guarantee institution and to assume joint and several liability, which in turn will be borne by the borrower itself. This is generally the case, where the borrower is the applicant, the loan institution is the guarantor and the beneficiary is the loan bank, which is a rigid cost or the borrower has to pay for it。

AS FOR THE CALCULATION OF THE GUARANTEE FEE, IT IS GENERALLY CHARGED AS A PERCENTAGE OF THE AMOUNT OF THE INDIVIDUAL LOAN. FOR EXAMPLE, IF THE GUARANTEE RATE IS 0.5% AND THE AMOUNT OF THE PERSONAL LOAN IS 100,000, THE GUARANTEE FEE WOULD HAVE TO BE $500. IT IS NOTEWORTHY THAT, IN ORDER TO PREVENT RISK, THE GUARANTOR SOMETIMES REQUIRES THE BORROWER TO PROVIDE A STANDARD FORM OF SECURITY, SUCH AS SECURITY THROUGH PROPERTY, CAR PROPERTY AND SO FORTH. HOWEVER, THE SPECIFIC SECURITY MODALITIES AND COSTS DEPEND ON THE CIRCUMSTANCES。