1. Low threshold
Traditional banks serve people with a little personal background. Where can subprime borrowers and diaosi "climb high"?
Banks have always been stingy with employees with low deposits, incomplete credit card records, non-state-owned enterprises and non-top 500 companies, and it is difficult for these people to get loans from banks.
Of course, there is another situation, even if it meets the requirements of bank loan approval, but the amount is too small, the bank will not handle it. Ten thousand yuan is badly needed at ordinary times, and the bank simply despises such a small loan.
And online lending, the threshold is very low, there are not so many rules and regulations, and I don't care much about the details. Some even need ID cards to borrow thousands of dollars.
2. Quick loan
Not only is the procedure simple, but also it doesn't need too much collateral, so it is efficient. Payment can usually be made in a few days.
Step 3: Emergency
No matter how high the online loan interest is, it will only take a few days, and the actual interest paid will not be too high.
For example, we borrowed 1 1,000 yuan from online loans and paid it back 1 0/0 yuan one day later. The annualized interest rate is 360%, but we only need to borrow it for one day, and actually only pay back 10 yuan. For those who need money badly, they will definitely borrow it.
The above is just an example. In daily life, many people borrow hundreds of thousands of millions for a period of one week or one month. Drink poison to quench thirst.
I'm afraid that if the capital chain is broken, I can't repay on time, and the overdue fees will snowball.
4. It will not be included in the credit record.
The loan information will not be recorded in the credit record, indicating that the borrower's overdue cost is low.
5. Be fooled by "low interest"
There are such a group of people who don't know the real interest rate of online loans and don't calculate it themselves, but they are cheated by XX's seemingly low weekly repayment.
On the surface, the interest rate is low, but it is actually charged in the name of deposits and handling fees. The calculated interest rate is much higher than the legal red line of 36%.
Nowadays, online loans are emerging one after another, and it is easy to borrow money. For some people who like impulsive consumption, it is not a good thing, because once the repayment ability is exceeded, it is likely to be overdue. The more times you apply, the greater the impact of big data! If you blindly mess with loans, credit information will become complicated, leading to frequent refusal of loans in the later period! Don't borrow money blindly without knowing yourself! You can pull a credit report, or search for "search" on WeChat to query big data. If the online black index has reached a very high degree of danger, it means that you are getting black, which will have a great impact on yourself in the future, and it will not be worth the candle!