Banks secretly sell high rate credit loans, which leads consumers to borrow at a rate of 3 times the annual interest rate of banks. Shenzhen The municipal Consumer Council issued a consumer tip, saying that some commercial banks recently used some unhealthy business practices to deliberately conceal important items such as contracts when providing consumer credit loans to consumers, and some consumers were deceived.

Mr. Tsang, a customer who had borrowed money from the bank for decoration, saw that a bank launched the "unsecured unsecured loan", claiming that the annual interest rate was as low as 5.84%. The bank described to him that, in addition to 5.84% of the annual interest rate, there are 4.9 thousand account management fees. Mr. Zeng calculated that it added up to 6.33%, which was still very cost-effective and verified to the salesmen. At that time, the salesman did not make a statement, and signed the contract page, allowing Mr. Tsang to sign on it. He said that within two days, the loan would be credited, and the contract signed and sealed by the bank owner was sent in a week.

A day later, Mr. Tsang received a loan, and a week later he received a loan contract. He found that the account management fee collection standard was charged at the rate of 4.9 per cent of the accumulated loan amount on a monthly interest day instead of its annual interest rate, which is understood as an interest rate, and the account management fee does not decrease as the loan principal decreases progressively. As long as there is still one cent of the loan principal, the account management fee is calculated according to the total amount of loan issued.

Thus, plus the monthly account management fee, Mr. Zeng's actual payment to the bank is 18.7% higher than the adult interest rate, which is more than 3 times the annual interest rate previously announced by the bank.

"The bank has many problems in marketing its financial products. Advertisement In the case of "account management fee", it only refers to the publicity of its lower interest rate; two, the staff introduced the annual interest rate, then brought out the account management fee, but did not specify whether the fee was collected monthly or on a yearly basis. It was deliberately misleading; three, it did not explicitly indicate to the consumers that the "account management fee" was fixed in the loan period and did not decrease with the remaining principal amount. The city council said that the bank's act of concealing the important items of the contract is obviously unlawful. Consumers can collect relevant evidence to complain to the municipal Consumer Council and the banking supervision department, or seek judicial relief.

The city council also reminds consumers to accept financial services. Written contracts are very important. Scrutinize Read all the terms and attachments, and make sure that all blanks are filled or clearly defined. Banks must be clear about where they are.