As the loan market continues to expand, not only are many different loan types subdivided, but the same loan type will also be subdivided into more loan types. The online loans, mortgage loans, etc. that we usually come into contact with are all personal consumption loans. The following will introduce what types they are.

1. Personal comprehensive consumption loan

Simply put, this loan can be used for all consumer purposes. It is a consumer loan with no restrictions and no specific uses. ofw loan without ccsl It can be used for buying cars, traveling, shopping, etc.

2. Personal consumer durables loan

Durable consumer goods refer to household appliances such as televisions, air conditioners, and refrigerators; furniture such as sofas, chairs,personal loan calculator stools, and dining tables and coffee tables; and vehicles such as cars, motorcycles, and trucks.

As long as the items are high-priced, durable, and meet the needs of the times, they are consumer durables,student loan so personal consumer durables loans can only be used to purchase them. Some platforms will also restrict brands and purchase channels.

3. Personal home decoration loan

Although consumer loans are prohibited from being used to buy houses and repay mortgages, there are also special types of consumer loans for decoration for houses that have completed the mortgage procedures and purchased in full.

Many banks have their own renovation loan products, and the loan uses are limited to house renovation, renovation, renovation, purchase of renovation materials, renovation design, labor expenses, furniture purchase, etc.

Moreover, there are three main ways to apply for renovation loans: provident fund, credit guarantee, and house mortgage, and the interest rates are also different.

4.Personal student loans

Student loans are classified among consumer loans, but they are quite special because many student loans are paid by the state, local governments, and universities.

Moreover, this loan will automatically pay tuition fees, book fees, and accommodation fees first, and the remaining loan can be transferred to the student's bank account for living expenses.

The internal student loans and study abroad loans of some universities are similar. The loan funds can only be used for students to pay tuition fees and other school-related expenses.

5. Personal travel loan

In the past few years, travel methods such as budget travel, cycling, and self-driving travel have become quite popular. However, these methods are very difficult, and most people still travel in groups.

Banks and travel agencies have discovered business opportunities and launched different personal travel consumption loans, which can be played first and then repaid, and some also support installment repayment.

6. Personal car consumption loan

Buying a car is considered a major purchase, and there are many financial institutions eyeing the personal car loan market. Banks, car companies, and financial companies all have their own car loans.

Some will offer zero down payment, interest-free, interest rate reduction and other preferential activities to attract users. The final application is a personal car consumption loan.

Of course, there are far more types of personal consumer loans than the above six. As long as it involves spending money, there are various consumer loan products. Marriage, adult education, sending children to study abroad, buying cameras, computers and other digital products, etc., these expenses will be covered by personal consumption loan products.