First, look at the website.
See if the company operating P2P online lending platform has technical development and financial background.
Second, look at how the funds go in and out.
P2P online lending platform belongs to private lending because it has no loan license. Borrowing funds often go in and out through the personal account or company account of the founder of the website. Generally, the daily deposit of a large-scale P2P platform is as high as three to five million yuan, which lays a hidden danger for the platform to misappropriate users' funds or even abscond with the money. [2]
Most P2P platforms choose to cooperate with third-party payment platforms, and its capital flow mode is that funds are collected on the platform, that is, the third-party payment platform opens a company account for P2P companies, and the lender's money is first credited to the company account, and then the P2P website gives the money to the lender. This model is actually no different from directly transferring money to the bank account of the platform. However, out of trust in third-party companies, most investors are not aware of this. Once the platform runs away, the invested funds will go up in smoke.
Only by introducing third-party fund custody can the risks in P2P fund circulation be reduced. Take Balu Rongtong's investment and financing platform as an example. At the beginning of the platform launch, Baru Rongtong cooperated with the third-party payment ring. When investors register on the platform, each user will open an IPS account on Huanxun. When the two parties trade through the platform, the money will be directly transferred from the lender's third-party payment account to the borrower's third-party payment account without going through the platform of Baru Rongtong. The user's funds are completely controlled by the user himself, and the operation of related funds can only be transferred in or out after the user himself confirms it. Investors' funds are completely separated from platform funds, which ensures the safety of users' funds.
In addition, we need to know whether the P2P online lending platform has the credit guarantee function.
Third, see if the principal is guaranteed.
There is a truth: no matter how big the income is, it is less than the principal. For lenders, guaranteeing the principal is the most basic security requirement. In foreign countries, because the credit information system is relatively sound and credit judgment is relatively easy, the lenders of funds are basically at their own risk and do not need P2P platform to bear the responsibility. In China, many P2P online lending platforms have launched principal guarantee plans.
The principal guarantee measures of most P2P websites do not charge extra fees to lenders. However, when lending, the lender should pay attention to the loan items with the words "principal guarantee" and also look at the scope of principal guarantee. Some websites just lose money, and some websites can repay the principal and interest.
However, for the lender, the principal guarantee plan of P2P website needs to withdraw 1-2% deposit. Although this part of the cost will be added to the lender and increase the cost of the lender, it can effectively protect the interests of both investors and financiers.
As far as Balu Rongtong Platform is concerned, all loan targets issued by the platform are guaranteed by third-party guarantee institutions that cooperate with the platform. When the borrower is seriously overdue (that is, overdue 15 days), the underwriting guarantee institution will fully compensate the overdue principal and interest and overdue fees.