In fact, the bad debts of BOC's consumer finance belong to a kind of bad debts on online loans. If the loan is borrowed and the debt is not repaid, it will form bad debts, that is, bad debts caused by overdue, which is also a serious credit stain.

At the beginning of its establishment, BOC Consumer Finance Company, as the first batch of special merchants of BOC Consumer Finance Company, developed a number of large shopping centers and home improvement stores such as First Yaohan and Oriental Commercial Building under An Baili Group, and extended the loan channels to thousands of merchants of UnionPay at the end of 20 10. So far, special merchants have covered many industries, such as building materials, home appliances, consumer electronics, education, tourism, weddings, department stores and so on.

The launch of the new easy loan consumer finance loan has effectively eased the financial pressure of consumers when they just entered the workplace after graduating from college and met economic needs such as getting married and having children. Through the characteristics of convenient application, quick loan and easy repayment, consumers can not only enjoy life better, but also face the pressure of life calmly and become a fashionable way of life consumption among young people.

In August 2009, China Banking Regulatory Commission issued the Measures for the Administration of Pilot Consumer Finance Companies, which officially started the pilot examination and approval of consumer finance companies, and decided to approve each institution in Beijing, Tianjin, Shanghai and Chengdu to conduct pilot projects first. However, the final result shows that Tianjin has not been approved for construction. The first batch of three license photos approved to set up consumer finance companies were sent to Shanghai, Beijing and Chengdu respectively.

Characteristics of Consumer Financial Products of China Bank

No mortgage guarantee is needed.

Customers who have a stable job in Shanghai, have worked in the current unit for 6 months continuously, have payment records, and have a monthly income of more than 2,000 yuan can apply.

Small repayment pressure

You can choose the minimum repayment method and the active repayment method, and decide your repayment behavior at any time according to your own economic situation.

Flexible borrowing and returning

There is no fixed repayment period, and the loan period ranges from 1 day to several years. It is entirely up to you to decide the time and amount of installment repayment according to your own needs.

Rapid application

There are two ways to apply:

A) Apply at the consumer finance service point, and notify the approval result within 1 hour;

B) Apply online on the website of BOC Consumer Finance Company, and notify the approval result within 3 working days.