Unit Three Borrowing money 课件.pptVIP

Have you ever borrowed money from your friends? Do you always return the money you have borrowed on time? Have your parents bought home for your? Did they borrow money ? New words credit deposit lending institution portfolio asset security 信贷，赊购 定金，首付款 信贷机构 投资组合 资产 抵押，担保 loan finance 信贷资金，可贷资金 New words CBRC(China Banking Regulatory Commission ATM EPTPOS phone banking service a loan credit rating 中国银监会 自动柜员机 电子资金售点转帐系统 电话银行业务 偿还贷款，还贷能力 信用等级，信用评估 For many people the purchase of some items can only be achieved through borrowing money. Borrowing money Reasons for borrowing Getting a loan Subject Reasons for borrowing In what conditions, will you borrow? Important points If you want an item now rather than in the future. 2. Changing circumstances. 3. Saving a deposit and then paying off an item may be a good idea for those who can’t save voluntarily. Advantages of borrowing 1. Need only a small or no deposit. 2. Can repay the loan over a longer time period. 3. Able to possess the item now. Disadvantages of borrowing 3. Need to pay interest. Have a financial commitment over a length of time. 2. Interest rates may increase. Getting a loan What does the lending institutions care about? A secure job. The length of current employment position. Previous saving history. The ownership of assets which are offered as security against the loan. What options will a person have if he wants to apply for a loan? They can apply in person to the lending institutions. They can use a broker to arrange the loan. They can make an online application for the loan. Answer Common loans provided by lending institutions Loans used for Car New cars and used cars House House ,unit and land Personal Travel ,furniture, holidays and home improvements Investment Shares and property Types of loans Lending institutions The traditional suppliers of money for borrowing were banks. Can you list the services provided by banks? The chief services provided by banks Accepting deposits from cus