Financial loans are not real. 58 Finance, a subsidiary of 58 City, publicly publicized the provision of down payment loan business, and encountered a large number of complaints about illegal charges for car purchase by installment. 58 Finance is an Internet financial service platform under 58 City, providing financial products and services under 58 City. The products officially launched are 58 cash boxes, 58 monthly payments, 58 car loans, 58 credit loans and 58 consumer loans.

Finance is suspected of "beheading", "false propaganda" and "bluffing" The platform promises not to charge additional fees such as agency fees, handling fees or service fees, but charges additional fees on the grounds of "purchasing GPS" and "filing data fees" during the transaction.

Extended data

58 Finance official website has been unable to open, and the jump link of "58 Finance" in the 58 cashier website has also become 58 Easy Loan.

58 financial commitment, "58 cars in stages" does not require a deposit and no handling fee. Official website shows that the maximum credit line is 3 million yuan, which will be repaid in three steps, with interest of 0.04%/ day and daily interest. The loan period is 7-90 days, and there are no other expenses. "58-car installment" only provides installment service for used cars, and users can make a down payment of 30% and apply for installment service with a maximum amount of 500,000. The application interface shows 30 seconds to apply and pick up the car on the same day.

Some users said that they were detained with a loan of 2,000 yuan under unknown circumstances, and the staff said that this part of the money was used to buy GPS. During the transaction, additional fees are charged on the grounds of "purchasing GPS" and "filing data fee".