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Is Small WeChat Miaodai an online loan?

Yes. Small WeChat Instant Loan is a loan launched by China CITIC Bank for small and micro enterprises, with a maximum limit of 1.5 million. It is an online banking product and can be applied for immediately and credited immediately. China CITIC Bank was founded on April 10, 1987 and is headquartered in Beijing. It was originally named "CITIC Industrial Bank" and was changed to its current name in 2005.