2. Open the "Paipai Loan" website, and the loan list with the borrower's photo will appear in a prominent position on the homepage of the website. The borrower lists his borrowing reason, borrowing amount, expected annual interest rate and borrowing period above, and the bidder can bid according to his displayed credit rating and personal details. The webpage will show the borrower's loan progress and the number of completed bids.
3. On the auction loan platform, each loan ranges from 3,000 yuan to 500,000 yuan, and the repayment period ranges from 1 month to 1 year. 865,438+0% borrowers are small and micro business owners, mainly used for business turnover. It is also used for personal initial business, short-term credit card capital turnover or decoration, shopping and other consumption, and some lend money to family members for treatment or study.
On this website, the credit rating given by the system is undoubtedly a golden signboard for borrowers, and the user's "friend list" is also an important factor affecting the credit rating. The reporter learned from the company that most of the people on the friend list are the real friends of the borrower. With the "friends list", both parties can contact people conveniently by borrowing money through this website, which improves efficiency and reduces risks.
5. Auction loans are not included in the central bank's credit information system from loan application to lending. However, if there is overdue or the loan is not repaid, you will still receive a collection call and there will be overdue penalty interest. Peer-to-peer lending platforms such as pat on the back are similar to microfinance companies. Even if it is not included in the personal credit report, many financial institutions will enjoy the overdue record of online loans, and even banks will use it as a reference.
6. For example, recently, Rong 360 received feedback from users: his loan auction loan was not repaid. About overdue 10 months. Results In an industrial and commercial census, the overdue record of this online loan was found, and the industrial and commercial credit card was frozen. The user was also told by the staff that the personal credit card can only be unfrozen if the loan arrears are paid off. So taking this as an example, it is not difficult to see that every lending platform will have a certain bad debt rate, and loans are no exception. There are people who don't repay the loan, but because of the punishment of collection and credit investigation, there are not many such people. If you are not at ease, you can switch to some bank wealth management products with lower interest rates.