First of all, conventional loans are fast and do not need to be applied in person. There are many processes to apply for a loan in a regular bank. After going to the bank to apply, you must wait for the bank staff to check the housing situation at home and evaluate the income and expenditure to determine how much loan you can finally apply for. The amount of assessment will not come out immediately, and some people need to wait about a week to get the loan certificate smoothly before they can apply for a loan. Online loans and regular loans do not need these processes. You only need an ID card to handle the loan for you directly online. For those who need money badly, they will choose to lend quickly.
Second, people who handle routine loans feel it is shameful to borrow money from others. They would rather choose conventional loans than face down and lend money to relatives and friends. Faced with money, they always think it is shameful to lend money to relatives and friends. If they are looked down upon by their relatives, they will choose regular loans with high interest rates.
Third, people's consumption concept has also appeared great problems. People always think that they are young and able to repay so many debts, so they borrow money to buy things they like to satisfy their vanity or enjoy the pleasure brought by money in advance. Some people around me are deeply involved in routine loans and just like to pursue famous brands. The money they earn, they can't afford these luxuries, they have vanity and choose conventional loans. When borrowing money, I feel that everything is my own. When I woke up, I was running cheerfully.