Why would anyone choose online lending?
Reason 1: the high-speed borrowing efficiency of online loans.
Borrowing on the online lending platform, most of them can get loans in 2-3 days. This is mainly because the borrower's loan target is generally full on the same day after it is released to the platform. Compared with the bank's one-week or even half-month audit cycle, the rapid lending of online lending platform better meets the emergency needs of lenders.
Reason 2: People's recognition of Internet finance has increased.
With the popularity of Alipay and WeChat in China, Internet finance has penetrated into everyone's daily life. It is no exaggeration to say that Internet mobile payment can be seen everywhere, even in small cities in the 18th line. Alipay's flower buds, loan buds and JD.COM white bars are all Internet financial products. The cost of borrowing in the formal online loan industry is not much higher than that of credit card installment or bank micro-loans, but the approval process and time limit are better than bank loans, which is one of the important reasons why many people will give priority to online loans when they need money urgently.
What kinds of business do online lending platforms have?
1. Credit loan: There is no collateral, and the platform only relies on personal credit loan.
2. Corporate loans: Without any mortgage, the loans are based on corporate credit, operating conditions and past profits.
3. Supply chain loans: This kind of loans is difficult to understand, and it is generally similar to corporate loans. Usually there will be a core large enterprise and many small enterprises supporting upstream and downstream.
4. Car loan: a loan product with own vehicles as collateral.
5. Mortgage: a loan product based on real estate.
Online lending has advantages and disadvantages. It is really a good thing for people who are in urgent need of money and have the ability to repay. A friend of mine, Liu, is a rare beneficiary of online lending. Liu runs a mobile phone shop and sometimes needs some capital turnover. He is often embarrassed to borrow from relatives, and online loans just solve this problem. In view of its sufficient repayment ability, online lending will not only bring convenience to his business, but also bring trouble to his life.
In addition, friends who often use online loans need to pay attention to the following three points, so as not to get online loans when they are in urgent need.
Note 1: Don't apply for a loan multiple times in a period of time.
The current online loan is not independent. In the era of big data, many platforms have access to third-party credit reporting. Therefore, the online lending platform will generally check your loan application behavior within 3 months. If you apply for too many platforms, even if your previous online loan has been repaid in time, the platform will think that this person has a high risk of default and refuses to lend.
Note 2: The repayment time is stable.
It must be noted that it is not enough to repay before the repayment date. When analyzing user information, the loan platform will also focus on the repayment time of users. If the user's monthly repayment time is unstable, it will not be overdue, but it will also be considered by the platform as an unstable source of income, thus refusing to lend to the borrower again.
Note 3: Platform policy adjustment
The risk control policy of the platform may be adjusted at any time, such as rising bad debt rate, tight capital and industry supervision. All these will promote the upgrading of lending conditions of lending platforms and tighten lending policies. In this environment, even old customers with good reputation are much more likely to be refused loans than before.
Online lending is a double-edged sword, so we must pay attention to the risks and make sure that we have the repayment ability before choosing. If you need money urgently, will you consider online lending?