Money is a formal platform. Money is a safe and reliable loan platform for licensed institutions to provide loan services. The loan procedure is very simple, and you can borrow money in only three steps. Real-time system approval, the fastest loan 10 minutes. The longest loan period is 36 installments, and users can flexibly repay by installments. Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation. June 65438+1October 65438+February 2024, the People's Bank of China released financial statistics, showing that RMB loans in China increased by 22.75 trillion yuan in 2023.