With the continuous development of the Internet age, we can directly apply for various loan businesses online, mainly Internet credit services. Credit service does not require users to have any collateral, and users can apply for relevant credit lines only by relying on personal credit information. Although inclusive finance is a very good concept, at present, inclusive finance products on the Internet are not conducive to users, and there are many routines.
1. What is inclusive finance?
Inclusive finance generally refers to the Internet credit products under the current Internet environment, and these credit products have two distribution channels. 1 channel is the formal channel of the bank, and the second channel is the offline lending institution. The bank's formal channels will strictly follow the user's personal credit information to approve the relevant quotas, and the application threshold is relatively high. Offline lending institutions do not have too high requirements for users. This kind of products are generally what we often call online loan products, and there are many routines, and the annualized comprehensive interest is also very high.
Second, inclusive finance is not so good in the literal sense.
As I said above, although inclusive finance's starting point is very good, when inclusive finance is applied to real life, we will find that many inclusive finance products have routine users. Some users will encounter the trap of routine loan and revolving loan when applying for online loan products. The annualized interest rate of loan products applied by users is also very high, which is generally maintained at around 20%, and some users will even come into contact with more than 30% usury products. For this reason, I suggest to be cautious about the current inclusive finance products.