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Product characteristics
(1) Unsecured and unsecured;
Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages, and it is difficult for individual users who cannot provide guarantees or have no fixed assets under their names to obtain loans. "Micro-loan" does not need mortgage and guarantee, and does not need to submit any paper materials, which can better meet the micro-financing needs of users with good credit. [6]
(2)7*24 hours service, the fastest 1 minute to complete the loan;
Relying on strict risk control rules and complete technical support system, "micro-loan" provides 7*24 hours online service, with convenient and efficient procedures. All processes are completed on mobile phones, and loans can be made in 40 seconds at the earliest.
(3) There is no handling fee for prepayment;
Most traditional financial institutions require users to repay on the repayment date. If the user wants to repay the loan in advance, he needs to apply and pay the handling fee. In addition to the regular default withholding repayment, "micro-loan" also supports users to settle loans at any time without charging any other additional formalities.
Micro-loan "Micro-loan" is a pure online micro-credit revolving consumer loan product launched by Weizhong Bank, the first internet bank in China, for WeChat users and mobile QQ users. 20 15 was launched on mobile QQ in May and on WeChat in September. "Micro-loan" adopts the official invitation system. At present, invited users can see the "micro-loan" entrance in the "QQ wallet" of mobile QQ and the "WeChat payment" of WeChat, and can get a loan amount of up to 200,000 yuan.
Users can only borrow an integer multiple of 100 by using micro-loans. The minimum loan amount is 500 yuan, and the maximum loan amount is 40,000 yuan at a time. If the maximum amount is exceeded, users need to borrow in bulk. There is also a limit on the number of loans when using microfinance, and the number of single-channel loans cannot exceed 20 times. Small loans can be repaid as you borrow them. Users need real-name authentication account when borrowing money, and bind the corresponding bank card. There are also different loan quotas and interest rates for different users. When micro-credit was first opened, most people's quota was only a few thousand yuan, but it will gradually increase with the increase of usage times.
Borrowing money with micro-loans will not generate handling fees, but will only charge interest; Its interest is charged by the day; For example, if the daily interest rate of your loan is 0.045%, and you borrow 10000 yuan with micro-loan, the daily interest will be 4.5 yuan. This interest rate level is still very high.
After users borrow money through micro-loans, they must repay in time, and don't overdue repayment, otherwise there will be penalty interest. At the same time, the amount of microfinance will also be reduced. If it takes a long time, micro-loans will face the risk of being closed, which is what everyone needs to pay attention to. Small loans will not be collected by the system, and the system may contact friends around you, which will have a bad impact on personal life. Overdue loans generated by small loans will also be uploaded to the credit information center, and bad records will be kept in the credit information report for 5 years, and will be automatically eliminated after 5 years; Overdue money will not be paid back and will not be eliminated after 5 years. Poor credit information will affect users' handling of various financial businesses, especially loan business.