First-hand loan means that the borrower applies for a loan from a lending institution, and the lending institution directly transfers the loan money to the bank account provided by the borrower after examination. This kind of lending method is simple and fast, and there is no intermediate link, which effectively avoids personal corruption in other traditional lending methods and improves the lending efficiency and the security of loan funds.

This lending model can be widely used in various industries, such as real estate, automobiles, education and other fields. For individuals with personal credit record and good credit rating, first-hand loan is a relatively excellent loan scheme. At the same time, the first-hand loan is not restricted by collateral, which helps borrowers to use funds more flexibly.

For lending institutions, first-hand loans also have many advantages. By issuing loans in this way, institutions can avoid illegal collusion between borrowers and individual intermediaries to the greatest extent and reduce the risk of fraud rate. In addition, the first-hand loan has greatly improved the customer experience of the organization and promoted the business development of the organization. Therefore, this lending model has become a new trend in the operation of the financial industry, and more and more lending institutions have begun to adopt this lending model.