Literally, microfinance has the characteristics of small amount and short time, especially the credit business of small and micro enterprises. Because the credit demand of small and micro enterprises has the characteristics of "short, small, frequent and urgent", its small, short-term and scattered characteristics are more similar to retail loans, so the requirements for capital liquidity are very high. From the analysis of the current situation, some joint-stock commercial banks have carried out microfinance business, but the bank's examination is too strict, resulting in more applicants and less business. Compared with banks, new Internet financial institutions are more flexible and convenient. Internet financial institutions, mainly P2P, etc. , has certain advantages in the development of micro-credit, and it is more and more welcomed by small and medium-sized enterprises and individuals by making use of its more flexible and convenient advantages.

Compared with the large loan business, the loan business of small and micro enterprises is much lower, but its characteristics and advantages are also obvious. The first is the low loan cost of small and micro enterprises. Compared with other financing tools, bank loan is a low-cost financing method, and the interest rate of bank loan depends on the specific situation. Generally speaking, the interest rate of corporate loans is higher than the preferential interest rate of small business loans. The loan interest rate of enterprises with low credit rating may be higher than that of enterprises with high credit rating; The medium and long-term loan interest rate is higher than the short-term loan interest rate. On the whole, the bank loan interest rate still has a comparative advantage, but the bank handling process is more complicated; Second, the source of funds is stable. Both banks and Internet financial institutions such as P2P have sufficient financial support. Therefore, small enterprises can sign loan contracts as long as they pass the examination of banks or internet financial institutions. Of course, they need to meet the conditions for issuing loans and get loans after completing the above steps.

It should be noted that due to the different conditions of lending institutions, the fees charged for loans will be different. Therefore, small and micro enterprises need to consider their own conditions and make reasonable choices to minimize costs.

What about small and micro loans? What are the application conditions?

For some small enterprises, their demand for funds is short, small, urgent and frequent, that is, they must be needed in a short time, and the amount they want is relatively small, urgent and frequent. Therefore, they have higher requirements for the flexibility of capital flow, which has promoted the emergence of small and micro loans. It has played an important role in helping small businesses to obtain funds. What about small and micro loans? Let's take a look together.

1. How about small and micro loans?

Small and micro loans are still good. Security is guaranteed, and it has passed the pre-audit, mid-audit and post-management To a great extent, it guarantees the loan safety of investors.

Pre-loan review: After the customer applies for a loan, the basic information of the customer will be analyzed. Conduct detailed and meticulous investigations through effective channels such as the Internet and telephone. Avoid the fraud risk of bad customers. After the data information is verified, it is evaluated according to the personal credit risk analysis system, and the approval result is finally decided after double review and confirmation by experienced loan auditors.

Audit in loan: the auditor in loan will monitor the validity period, data attributes and repayment of customer information in real time and update the changes of customer information. Keep in touch with customers to avoid borrowing risks caused by losing contact. Transfer abnormal customers to the post-loan management system.

Post-loan management: If the user fails to repay the loan within the time limit, the post-loan management department will immediately remind the user to repay the loan by SMS, telephone, etc. If the user fails to repay the current loan within 5 days, the small loan or guarantee company will contact the user's emergency contact, immediate family members and the unit to urge the user to repay as soon as possible. If the user still fails to repay the loan, the professional collection team will cooperate with the third-party professional organization to carry out a series of collection work including door-to-door collection until legal measures are taken.

Second, the application conditions

1, Chinese mainland residents aged 18;

2. Have a stable address and work or business place;

3. Have a stable source of income;

4. Without a bad credit record, the loan cannot be used for stock trading or gambling.

5. Other conditions required by the bank.

Processing flow:

1. Submit an application to a local bank or lending institution;

2. Prepare various materials required for the loan;

3. Face-to-face signing of banks or lending institutions;

4. The bank examines the qualifications of the lender;

5. Approved and successful loans.

To sum up, micro-loan is a formal platform with security, early and mid-term audit and post-management, which really provides convenience for users. Users' credit will be evaluated to reduce risks. However, for overdue users, they will also be collected by SMS and other means. If it is delayed, legal procedures will also be taken. The application conditions are that the age meets the requirements, there is a stable address and income, and the credit record is spotless. The handling process is simple, and simple submission requires a face-to-face sign.

Advantages of commercial banks participating in small and micro enterprise loans

1, the loan amount is relatively high, and the credit line of small business companies is relatively high. As stipulated by the Postal Savings Bank, the maximum loan period can reach 20 million yuan, and the loan interest rate will not exceed 5 years. The loan interest rate will fluctuate appropriately on the basis of the benchmark interest rate of commercial loans of the People's Bank of China.

2. Diversification of small business loan methods Small business company loans can adopt various guarantee methods such as real estate mortgage, chattel pledge and guarantee, and can also combine various guarantee methods.