Consumer finance is not a loan platform, it refers to a financial service model that provides consumer loans to consumers at all levels.

Supplementary information:

Consumer Finance Company is a non-bank financial institution established with the approval of China Banking Insurance Regulatory Commission, which provides loans for consumers in China. For example, Gitzo Consumer Finance, Instant Consumer Finance, Zhongyuan Consumer Finance, China Post Consumer Finance and Shanxi Merchants Consumer Finance. There are Xiaoman Finance, Suning Finance, Jingdong Finance and so on. 、

Customers can apply for loans at the above-mentioned consumer finance institutions. Generally speaking, as long as they have good personal credit and sufficient repayment ability, they can successfully borrow money. In addition, some consumer finance companies cooperate with other lending platforms and can also issue loan funds as lenders.

Extended data:

1. What is consumer finance?

Consumer finance is a modern financial service model that provides consumer loans to consumers at all levels. Under the current macroeconomic situation in China, it is necessary to introduce relevant management measures in time to adapt to the trend and needs of the objective economic situation. From the perspective of financial product innovation, personal credit business is an area that traditional banks cannot fully benefit from. Establishing a professional personal consumption financial system can better serve individual residents.

Second, the supervision of consumer finance has become stricter, and the growth rate of the industry has slowed down significantly.

1. The consumer finance industry in China has reached a mature stage. According to the Report on the Development of Consumer Finance Companies in China (202 1) issued by China Banking Association, by the end of 2020, the assets of domestic consumer finance companies exceeded 500 billion yuan for the first time, up by 5. 18% year-on-year. The loan balance increased by 4.34% year on year. In contrast, in 20 19, the year-on-year growth rates of asset scale and loan balance were 28.67% and 30.5%, respectively, and the growth rate of the industry slowed down significantly.

2. At the same time, in 20021year, the supervision faced by the consumer finance industry will be further tightened. In August this year, many regulatory authorities required the consumer finance companies under their jurisdiction to control the personal loan interest rate within 24% in an all-round way, and set a transition period to make adjustments, which directly led to the compression of the profit margin of the consumer finance industry.

3. Prior to this, in response to the chaos of medical loans to the United States, in June 20021,the Internet Finance Association issued the "Initiative on Regulating Financial Products and Services Related to Medical Beauty", requiring financial institutions not to cooperate with any illegal medical beauty institutions and not to provide relevant financial products and services to any illegal medical beauty institutions. At the same time, with the implementation of the policy of "Opinions on Further Reducing Students' Homework Burden and Off-campus Training Burden in Compulsory Education Stage" issued by the General Office of the Central Committee and the General Office of the State Council in July 20021,the supervision of loans in the training field has been strengthened, and the training loans related to exam-oriented education have also been impacted, and the business has obviously shrunk.

What kind of loan is financial consumption?

Financial consumption is actually a modern financial service that provides consumer loans. At present, there are many related financial consumption institutions in the market.

First, consumer financial SMS is not an online loan.

Second, after users apply for online loans, if they are lending by consumer finance companies or belong to consumer finance companies, they will receive short messages from consumer finance companies.

Third, consumer finance is not a pure online loan product. It can be regarded as both a lender of online loans and an operator of successful online loans. Therefore, users can only confirm whether they have recently applied for online loans after receiving short messages from consumer finance.

Financial consumption is the behavior that people buy goods provided by financial institutions to meet their own consumption needs and enjoy the services provided by financial institutions.

(a) the right to choose consumption, that is, to be able to decide freely whether, when and how to make financial consumption, that is, financial consumption is not subject to unreasonable interference and coercion by any unit or individual;

(2) The right to obtain information refers to the right to obtain financial-related knowledge, policies and relevant rules and regulations in financial consumption, such as whether the deposits of financial institutions have interest, how high the interest is, and how to calculate the interest. Interest, and how to open an account and transfer money? All these financial institutions are not only obliged to provide them voluntarily, but also be true and transparent in their daily income and expenditure and losses;

(3) Equal trading rights, that is, transactions between financial institutions and consumers must follow the principles of justice, fairness, honesty and credibility. This kind of transaction is contractual (whether tangible or intangible). In the contractual relationship, it is not allowed to formulate clauses that evade obligations and violate justice, and it is not allowed to force consumers to accept services that they are unwilling to accept (such as how much balance the deposit must leave and the loan must be deposited with us);

(4) the right of confidentiality, that is, to ensure that consumers' financial assets are not leaked and violated;

(5) the right to seek help. If the financial assets of financial consumers are leaked and infringed, consumers have the right to claim compensation and legal aid from each other, such as defrauding deposits, misappropriating credit cards, misappropriating loans, selling stocks at low prices, etc. All acts that infringe on consumers' rights and interests.

What consumer finance loans are there?

Ant Flower Bank, Ping An Hewlett-Packard, China Construction Bank Consumer Finance, Micro-loan, White Strip, ICBC Rong E-loan, Haier Consumer Finance, BOC Consumer Finance, 5 1 Personality, China Merchants Bank Flash Loan, Pleasant Loan, Jiufu, Baidu, Flower Bank, Credit Wallet, User, Faithful and Rich, I'll Loan, Instant Finance.