The full name of Momo Loan is "Shanghai Mimo Financial Information Service Co., Ltd.", and Momo Loan provides personal P2P mobile Internet products for young people. Momo Loan offers two loan products, including credit card and cash loan for college students. Users can borrow money anytime and anywhere, just scan the WeChat QR code, and before applying for a loan, they must conduct a big data credit test.
1. Yao Yao loan requirements
Borrowers who borrow money to repay credit cards must have credit cards; The borrower of cash loan for college students must be a college student, undergraduate or junior college student.
2. Yao Yao Loan Development Zone
Only most first-and second-tier cities and some third-tier cities (referring to work and residence, not registered permanent residence), Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou, Nanjing, Hefei, Suzhou, Wuxi, Ningbo, Tianjin, Shenyang, Dalian, Jinan, Qingdao, Shijiazhuang, Fuzhou, Xiamen, Chongqing, Wuhan, Changsha, Chengdu, Kunming and Harbin.
3. The loan amount of Yao Yao loan.
The loan amount is between 1000 yuan and 50,000 yuan, and the loan amount cannot exceed the loan amount. There are four terms to choose from: 3 months, 6 months, 9 months and 12 months.
4. Expected annualized interest rate and handling fee of the loan.
The loan handling fee is 5% of the loan amount. Interest will vary according to the borrower's credit rating and the number of installments, and the expected annualized interest rate of monthly payment is between.
5. Approve the loan from Yao Yao.
Under normal circumstances, the audit will be conducted on the same day and the loan will be released the next day. After the approval is successful, the financing demand needs to be confirmed and announced, and the loan can only be released after the financing is successful. The fundraising time is the longest *. If the fund-raising fails, you can apply again immediately without approval.
6. Credit rating of Yao Yao loan.
The credit rating is divided into four grades: ABCD. The higher the rating, the lower the expected annualized interest rate of the loan. Credit rating is based on an individual's comprehensive credit level, which mainly includes personal qualifications and historical credit behavior.
Users can enter official website (scan the QR code of WeChat and apply for a loan. The QR code is provided here for everyone to scan.