1, different regulatory agencies: Internet small loans are regulated by the financial departments of local governments, while the regulatory agency of consumer finance companies is the China Banking Regulatory Commission;

2. Different business contents: Internet small loans include not only credit loans, but also mortgage loans, while consumer finance is credit loans;

3. Different service scope: the service scope of Internet small loans is not as big as that of consumer finance;

4. Different sources of funds: Internet small loans mainly come from shareholders' funds or donations, and consumer finance absorbs shareholders' deposits and interbank borrowing funds.

What is consumer finance?

Consumer finance is a way to provide consumer loans to all consumers in society. Consumer finance companies are the result of this operation. It is a domestic company approved by China Banking Regulatory Commission. Not for the purpose of absorbing public deposits, it mainly provides small-scale decentralized loans. The main targets of its services are the people of China and the residents of China. The main source of funds for consumer finance companies is free funds. When the business scale is expanded, they can apply for loans from financial institutions or issue bonds on their own.