Professional and perfect credit management and credit service system

Chengyibao introduced scientific credit review and risk control mechanism from abroad, and through years of exploration and improvement, it has been applied in China, forming a comprehensive and rigorous service process that runs through pre-lending consultation, pre-lending review, post-lending follow-up and payment management.

Chengyibao has a set of risk control systems such as diversified investment, credit review and post-loan management to ensure the borrower's excellent credit status and the lender's capital security to the greatest extent.

legal protection

The Contract Law of People's Republic of China (PRC) legally affirmed the legality of private lending and protected the lender's right to recover the loan funds and interest from the legal level.

Article 2 1 1 of the Contract Law: "If there is no agreement or unclear agreement on the payment of interest in the loan contract between natural persons, it shall be deemed as non-payment. If the loan contract between natural persons stipulates the payment of interest, the loan interest rate shall not violate the relevant provisions of the state on limiting the loan interest rate. " Article 6 of the Supreme People's Court's Opinions on People's Courts Handling Lending Cases: "The interest rate of private lending can be appropriately higher than that of banks, and local people's courts can specifically grasp it according to the actual situation in their own regions, but the maximum interest rate shall not exceed four times that of similar loans of banks. Beyond this limit, the excess interest will not be protected. "

Repayment risk fund

Chengyibao historically controlled the risk loss of the whole platform within 1% through strict credit review and risk control process, which greatly ensured the lender's capital security. At the same time, Chengyibao has also set up a special repayment risk fund, which is used by our website or partners to compensate the lender for the loss of principal and interest when the borrowed funds are recovered.