Micro-credit loan is a kind of loan that everyone is very familiar with. Because the threshold is very low, there are many people handling it. In fact, many people don't know much about personal micro-credit loans. Today, we will introduce the characteristics of personal micro-credit loans for your reference.

1, the application process is simple.

Due to the low threshold of micro-credit loans, the requirements for borrowers are not high, as long as you provide basic application materials such as ID card, marriage certificate, bank card, mobile phone number, income certificate and bank account. It is much easier than mortgage, pledge and guarantee loan.

2. The repayment method is flexible.

There are many repayment methods supported by micro-credit loans, which can meet the needs of most users. You can choose a variety of flexible repayment methods, such as equal monthly repayment of principal and interest, quarterly settlement of interest, repayment of principal and interest when due, or repayment by borrowing, to help you reduce the repayment pressure.

3. Loans are widely used.

Microfinance services are mainly for small and medium-sized enterprises, individual industrial and commercial households, farmers and so on. The funds can be used for business, decoration, marriage, tourism, car purchase, shopping, education, medical care and so on. It is much more convenient than special loans, and most of them can be directly withdrawn to bank cards for use.

4. There are many loan channels.

At present, there are many institutions that handle loans, such as banks, loan companies, consumer finance, insurance companies and online banking. You can easily get funds without going to the bank to queue up for business.

5. No mortgage guarantee is required.

Due to the complex process of mortgage-secured loans and the need for qualified funds, personal micro-credit loans can be easily loaned with personal data.