With the deepening of publicity, anti-fraud has always been in everyone's mind. As a high-incidence area of fraud, some platforms will lower the loan threshold in order to attract more users, which is known as "100% approval" and "black households can also repay". However, their own platform has extremely low interest rates and the software is not popular, so nine times out of ten it is a platform for fraud. Most of them will directly deduct part of the handling fee when lending money, so that the actual loan amount is less than the loan amount in the loan contract, thus making illegal profits. Then the question is coming, how can we find a formal and legal platform? Is it legal to pat on the loan?

Is the loan legal? Strong strength. have a long history

Paipai Loan was established in June 2007 and is headquartered in Shanghai, an international financial center. Since its establishment, Paipai Loan has been shouldering the historical mission of "science and technology make finance better", following the essence of finance, taking data as the cornerstone, providing users with the most convenient loan matching service with innovative technology, and helping the development of inclusive finance in China. 2017165438+1October 10, the auction loan was successfully listed on the NYSE. Two years later, at 20 19, 19,19, the auction loan was officially transformed and upgraded to "xinye technology", which was devoted to the development of financial technology and helped small and micro enterprises.

Is the loan legal? Low interest, legal compliance

In addition to being concerned about whether the auction loan is a formal platform, how high the interest rate of the auction loan is also a concern of everyone. At present, the comprehensive annualized interest rate of auction loan is 9%-36%, but everyone's final interest rate is different. Pat the loan to obtain the personal loan interest rate according to the borrower's personal qualifications and credit and other comprehensive conditions. When users have financing needs, the auction loan will collect and sort out the personal credit information submitted by users. After comprehensive judgment, analysis, comparison and evaluation of the borrower's information, the risk assessment process is completed, and finally the examination and approval opinions are issued to determine the interest.

Is the loan legal? Science and technology empowerment and safety management

In addition, there is no doubt about technological innovation. Continue to invest in financial technology and smart finance, and develop a "magic mirror" big data risk control system that integrates advanced technologies such as big data, cloud computing and artificial intelligence. At the same time, the pat loan APP has obtained the "three-level product" certification (the highest level) in both security and privacy tests, including privacy policy, sensitive rights, information collection and user protection; The detection content includes six aspects: authentication mechanism, access control, data security, vulnerability detection, virus detection and operation security, so as to ensure that users are safe enough in the use process.

Therefore, there is no doubt that the auction of loans is legal and formal, which is essentially different from the informal platform on the market.