The amount of small-term loans is based on multiple dimensions such as the use of credit cards, loans and other credit products in the People's Bank of China's credit reporting system, performance status, and the level of detail provided by personal information. It is determined by the system through Baidu's big data algorithm. It is given after a comprehensive evaluation (the final amount is subject to the approval result). After you apply for a small-term loan quota, you need to make your first loan within 30 days. After the first loan is successful, your quota will be valid for a long time under normal circumstances. The system will adjust the limit from time to time based on your credit status.
The Youqianhua small-term loan product is the third personal small credit loan product newly created by Baidu Youqianhua in 2018. It is mainly aimed at young people with stable income and when there is a short-term fund gap. , can be used temporarily for emergency purposes to relieve short-term capital turnover pressure. The loan amount ranges from 500 yuan to 10,000 yuan, and the loan can be credited in as fast as 3 minutes. There is no handling fee for early repayment.
The Youqianhua small-term loan product is in the trial operation stage. The system will automatically open the small-term loan product for some people based on the approval status of the user's application for the Youqianhua recurring loan. It has not yet been opened for users to actively apply. channel. The amount of the small-term loan you apply for is based on multiple dimensions such as the use of credit cards, loans and other credit products in the People's Bank of China's credit information system, the performance of the contract, and the detailed level of personal information provided. It is comprehensively evaluated by the system through Baidu's big data algorithm. (The final amount is subject to the approval result). Moreover, this project falls under the category of cash lending and will be reported in strict accordance with the regulations of the People's Bank of China.
The credit granting process requires your consent to authorize the credit inquiry before the operation can be carried out. After you apply for the Qianqianhua small-term loan quota, you need to make the first loan within 30 days. After the first loan is successful, under normal circumstances, your The quota will be valid for a long time. The system will adjust the limit from time to time based on your credit status. As for whether the limit will be increased in the future, Baidu Youqianhua small-term loan limit will be comprehensively evaluated based on your account usage behavior, credit history, etc. Whether the limit will be adjusted. It is recommended to use more money to spend, maintain good usage behavior and credit record, and continue to pay attention.
Due to personal credit update issues, the credit limit may become invalid. The quota will be valid for 30 days after you apply for it. After the first successful borrowing within the validity period, your quota will be valid for a long time under normal circumstances. Otherwise, the quota will become invalid and you will need to apply again.
For the most comprehensive guide to increasing your Huabei quota, follow the WeChat public account: Youqian Lab and reply "Huabei" to get it.