消费信贷对消费有两种效应:刺激效应和挤出效应。挤出效应受制于贷款额度、贷款比例、消费者实际积累首付款的期限、消费计划中用于购置信贷消费品的份额、边际消费倾向、收入水平、市场利率水平、贷款期限和贷款利率等因素。在不同的经济环境中,为了有效地发挥消费信贷的作用,必须对上述因素进行科学评判和合理调控。 Consumer credit has two effects on consumption: stimulation and extrusion effects. The crowding-out effect is governed by factors such as loan quota, loan ratio, duration of down payment actually accumulated by consumers, share of consumer spending on purchasing consumer credit products, marginal propensity to consume, income level, market interest rate, loan maturity and lending rate. In different economic environments, in order to effectively play the role of consumer credit, these factors must be scientifically evaluated and rationally regulated.