It is possible to repay. In fact, most online loans can be refunded with interest or insurance. It depends on whether you are willing to try it.

Internet lending, the foreign name is Internet lending , p2p online lending is the abbreviation of online lending, including individual online lending and commercial online lending. P2P online lending refers to direct lending between individuals through the Internet platform. It is a subcategory within the Internet Finance (ITFIN) industry. The number of online lending platforms has grown rapidly in China in 2012. So far, there are about 350 active ones, and the total number as of the end of April 2015 was 3,054.

P2P model

Online credit originated in the United Kingdom, and later developed to the United States, Germany and other countries. Its typical model is: online credit companies provide a platform, and borrowers and lenders bid freely. Make a deal.

In the traditional P2P model, online lending platforms only provide information circulation and interaction, information value identification and other services to facilitate the completion of transactions between borrowers and lenders. They do not actually participate in the lending interest chain. In terms of creditor-debt relationships, online loan platforms rely on charging certain handling fees from both borrowers and lenders to maintain operations.

In our country, because the citizen credit system has not yet been standardized, the traditional P2P model is difficult to protect the interests of investors. Once an overdue payment occurs, investors will lose their money.

Therefore, in the continuous exploration and practice of P2P online lending, it is recommended to introduce relatives and friends as joint guarantees for credit loans, and to introduce mortgages or pledges as counter-guarantees for other loans. At the same time, corporate loan projects introduce third-party financing guarantee companies to review the projects and provide principal and interest guarantees, and require the scale of their guarantees to match the guarantee amount of the guarantor, and the guarantor must also strengthen its own risk control management.

Online lending, also known as P2P online lending. P2P is the abbreviation of English peer to peer, which means "individual to individual".

Debt transfer model

The debt transfer model can better connect borrowers’ capital needs and investors’ financial management needs, proactively carry out business in batches, rather than passively waiting for their respective matches. , thus achieving rapid expansion of scale. It is closely related to the domestic Internet development that has not yet spread to the target customer groups of small and micro finance. Almost all online loan platforms established since 2012 use the debt transfer model.