No, according to the information of Cherry Exchange official website, Cherry Exchange loan is a short-term micro-loan. Compared with traditional bank loans, its approval speed is faster, and it usually takes only a few minutes to several hours to complete the approval. In addition, the borrowing threshold of Cherry Exchange is low, and you only need to provide basic personal information and materials to apply, and you don't need to provide collateral or guarantor. Black online lending refers to illegal and high-interest activities in peer-to-peer lending without financial supervision. Cherry Exchange Loan is a product of Juwhale Finance. The company has been filed with the Industrial and Commercial Bureau, and there is no record of fraud. It is supervised by China Banking and Insurance Regulatory Commission and has a business license. It is a regular company and does not belong to black online loans.