No need. Shangqiu Huashang e-loan is an internet micro-credit product under Shangqiu Huashang Microfinance Co., Ltd. No extra formalities are charged for the amount applied on this platform, but the loan amount must be paid off before the repayment period expires. If the repayment is not made on time, there will be overdue penalty interest and other expenses. Therefore, when using the platform's quota, applicants are advised to ensure that they know and plan their repayment ability before borrowing, so as to avoid extra interest and expense burden caused by overdue repayment.