Recently, Kaniu Credit Card Manager announced the online provident fund loan model. Users who need loans can also use provident fund accounts to apply for loans in addition to credit cards.

It is reported that Kanniudai Supermarket has three loan models, among which the provident fund loan model is a personal consumption credit loan service for people who have paid provident fund. Users need to enter the Kaniu Loan Supermarket, select "Provide Fund Loan", and enter the provident fund account for verification. After the provident fund account verification is successful, you can enter the provident fund loan introduction page. Users can understand the characteristics, conditions, and supporting cities of the provident fund loan model, and then fill in the loan amount and repayment period according to their needs. Once qualification verification is completed, the loan can be completed. Borrowers do not need to print offline, and can achieve approval in the fastest one day through simple operations on the Kaniu App.

Currently, the Niu Provident Fund loan model supports two products: quantitative loan, quick loan, Yiren loan and provident fund model. The loan amount ranges from 10,000 to 300,000, and the loan period is flexible, with a minimum of 1 year and a maximum of 4 years. According to the person in charge of Kanniu Loan Supermarket, the provident fund loan model enriches the qualification verification methods for credit loans, meets the loan needs of people who do not have credit cards or cannot apply for loans due to insufficient credit scores, and improves the success rate of users' loans in Kanniu.

However, the person in charge of Kaniudi Supermarket also pointed out that at present, the two provident fund loan products are only supported in limited cities. Users must confirm whether it is supported before applying. Users applying for provident fund loans must meet the conditions of no penalty, otherwise the loan process will be affected.

It has brought unprecedented subversion to traditional Internet finance. Internet lending models represented by credit cards, provident funds, and life insurance are increasingly accepted by the public. As a proof of high-quality credit loan qualifications, provident fund loans have the characteristics of high loan amounts and high success rates. The person in charge of Kaniudi Supermarket said that provident fund loans are mainly based on the user's provident fund data, understanding the user's work unit, salary income, tax payment and other information, and granting credit to the user through the big data risk control model to calculate the user's loan amount and corresponding loan interest rate.

According to data released by the Ministry of Housing and Urban-Rural Development at the Fourth Session of the 12th National People's Congress, as of March 2016, the provident fund system has covered more than 200 million people across the country, with a deposit amount of nearly 9 trillion yuan, equivalent to With an average of 45,000 yuan per person, this also means that provident fund people generally have sustained and stable jobs and income. Behind the huge crowd of 200 million provident funds, the trillion-level credit market has just revealed the tip of the iceberg, and the provident fund model will also occupy a place in the huge market space.

In addition to focusing on creating the ultimate loan experience for users, Kanniu Credit Card Manager has also been accelerating the layout of loan products. As of now, Kaniudi Supermarket has nine major quick loan products and more than 100 general loan products for users to choose from, covering various major credit scenarios such as personal loans, consumer loans, car loans, mortgage loans, and commercial loans. The maximum loan amount can reach 10 million yuan. Related questions and answers: