In fact, private loans are not difficult to find. There are many loans everywhere, and even many advertisements are posted on the street. However, customers are advised not to apply for a loan just by looking for a loan company. After all, although many loan companies have easy loans, they have not been approved by the CBRC and have no financial license, so they are not genuine. If the customer is not careful, it is easy to meet loan sharks or fraudsters.

Compared with private loans, it is a financial institution and its branches engaged in loan business approved by the financial supervision department. Customers are advised to choose this kind of institutional loan.