the sichuan non-shin bank is a network credit product. it is not only formal, but also has low interest rates, fast access and long duration of loans, and is therefore very popular with a wide range of users since its launch. so, what is the interest rate for sichuan's loan? actually, it depends on a number of factors。

what's the interest rate on the sichuan nonon loan? these factors have an impact

Let's start with interest rates. The initial interest rate for the credit was 3.65%, but the actual borrowing rate was determined through a systematic assessment, and the following factors played a key role。

first, personal credit records. as a regular bank, the truste loan will certainly look at your letter of request report when it reviews the loan. if you have a good credit record and no overdue or other negative credit record, you will have the opportunity to get a lower loan rate. on the contrary, banks may increase interest rates and even reject your application for a loan if you are a customer or have several overdue records。

The second is the individual debt ratio. Banks are very concerned about borrowers ' liabilities when they approve loans. The higher the liability rate, the greater the monthly repayment pressure and the consequent increased risk of delay. This directly affects your loan approval. If you have less debt, the bank will be more willing to borrow it, and the interest rate will be relatively low。

Next is the income situation. Stable income is an important indicator of the ability of banks to assess repayments. If your income is high and stable, the bank will not only give you a higher amount of credit but may also offer a more favourable interest rate。

The professional nature of the applicant is also a factor that cannot be ignored. In general, employees working in enterprises, State-owned enterprises, etc. are able to benefit from lower rates of borrowing, which is more advantageous than borrowers working in liberal professions or enterprises。

Finally, the duration of the loan. The longer the term of the loan, the longer the return cage is to wait for the bank, the greater the risk, and therefore the interest rate on long-term loans is usually higher。

In general, you can take a number of measures to improve your comprehensive qualifications, to improve the chances of successful loan applications and to expect a lower rate for borrowing。