First, the conditions for applying for a loan from Little Penguin
Applying for a little penguin loan requires a good personal credit record, and there is no illegal or overdue behavior, which means there is no overdue stain on the credit information. It is also required that the identity of the borrower must be an enterprise legal person or an individual industrial and commercial household. The enterprise owned by the borrower between the ages of 20 and 65 has been operating legally and has a physical store facing the street. Generally speaking, if you meet these three conditions, you can apply for a little penguin loan. The application materials you need to provide are only the basic information of individuals and enterprises. If a POS machine is installed in the store, you must provide the corresponding information to Little Penguin, which is very beneficial to increase the loan amount.
Second, the interest rate of the loan
The monthly interest rate of the little penguin loan can be as low as 1%, and the annual interest rate can be as low as 12% according to the annualized interest rate. The daily interest rate of online business loans is generally converted into monthly interest rates, and the interest rate of small enterprises is similar to that of online business loans, so it is small. This product is especially suitable for small enterprises, because the loan is fast and the application is relatively simple.
No matter which loan platform you apply for or which bank's loan, you must return it on time, because many online lending platforms are also credit reporting now. Once it is overdue, it will have a negative impact on your credit reporting. General lending platforms and banks will check customers' personal credit before lending. If the credit is not good, it will affect the approval of the loan or the amount of the loan. This shows that credit reporting is very important to everyone and must be maintained.