Is a microfinance institution, the repayment company is called Chongqing Focus Microfinance Co., Ltd., and the technical service is provided by Shanghai Shuhe Information Technology Co., Ltd. Users can borrow within the limit after approval. Huanbai app is a financial product that provides young people with billing installment, commodity installment, recycling quota and low interest rate installment repayment.

1. Introduction to Sabina vulgaris

Huanbai is a software for returning credit cards. Minute Media is a credit loan company with credit loan qualification. In fact, credit card repayment is a credit loan on the platform, with high interest rate, ranging from 12% to 24% per year. If the borrower is qualified, the loan amount will be higher and the repayment interest will be preferential, which is suitable for emergency use.

2. this is ok. Is it in normal operation?

From the background of the platform, Huanbai is a credit card repayment software launched by the financial company of Focus Media, a listed company. Applying for a loan credit card on Huanbai is actually a loan, and the company has the qualification of credit loan. In addition, listed companies have strong financial strength and formal platform background. Judging from the loan amount, the credit card repayment amount is limited, and the maximum repayment amount is 30,000 yuan. Although the amount is not high, it also meets the requirements of credit card repayment. Compared with other online lending platforms, the repayment amount is moderate. Judging from the loan interest, it is similar to other online loans, and the loan interest is relatively high. Although the official claims that the minimum monthly interest rate of credit cards is 0.5%, which is equivalent to the annual interest rate of 6%, it is almost impossible to apply for a loan at such a low interest rate, and the requirements are extremely strict. If ordinary users are repaying loans, the loan interest is between 12%-24%, which is the most commonly used interest rate range for online loans. Compared with banks, the interest rate is relatively high, which is not suitable for users to use for a long time. From the perspective of borrowing cost, there is no service charge for handling credit card repayment business on the repayment platform, and the amount applied is the credit card repayment amount, from which no other fees will be charged. Generally speaking, Huanbai is a formal platform for returning credit cards online, but the interest used is also very high. There is also not suitable for users who want to borrow a lot for a long time. If you have a small amount of money for emergency, you can choose.