; ? In people's minds, loan has always been a business with high application threshold and troublesome handling. Since the popularity of the Internet, various online loans and micro-loans have been launched one after another, which has truly made loans convenient. Microfinance has always given borrowers the impression of small amount, high interest, simple application, short term and quick repayment. Can the term of microfinance be long-term?

Can the term of microfinance be long-term?

The term of small loans is not all 7 days, 14 days or half a month, and some small loans have a longer term, such as the following:

1, ICBC wealth management e-loan

The term of ICBC's micro-credit loan is very flexible, and it can bear interest on a daily basis or be repaid in installments. The loan term is generally 2 years, and the longest is 5 years. Borrowers can also choose various repayment methods, such as matching principal and interest, average capital, repayment of principal and interest on schedule, and one-time repayment of principal and interest, so as to reduce the repayment pressure. Eligible users can also renew their loans for a long time.

2. Recruit good loans

The microfinance under Zhaolian Finance can last for up to 3 years, and the borrower can choose 3 to 36 installments, and can also calculate interest on a daily basis, which is very flexible and free of charge. Although Zhaolian Good Loan is a small loan, it is also a product with a long term and is suitable for long-term handling.

3. All-Easy Loan

The loan term is between 12 months and 24 months. It is a long-term small loan with a low application threshold and a maximum amount of 200,000 yuan. Suitable for long-term installment users who pursue high quotas.

The above is related to whether the term of small loans can be long-term. Be sure to read the product details carefully before choosing a loan.