Nan Xincang Business Building is a scam company with very high interest rates. It sells its products under false pretenses and charges very expensive service fees.

1. Business Building

There is a lot of people selling dog meat on top of sheep’s heads. They use various means to lie and invite you to the company, and charge extremely expensive service fees. They say they are cooperating with banks, but they are not, but they are loan sharks.

2. Conditions for loan application

Age requirement: between 18-55 years old. Special reminder: Youqianhua declines to provide consumer installment loans to college students. If you are a college student, please give up the application. Document requirements: During the application process, you need to provide your second-generation ID card and personal debit card. Note: The application only supports debit cards, and the application card is also your borrowing bank card. My identity information must be the second-generation ID card information. Temporary ID cards, expired ID cards, and first-generation ID cards cannot be used to apply.

: Loan (electronic IOU credit loan) is simply understood as borrowing money that requires interest.

1. Loans

Loans are a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must be returned. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

2. Principles

The "Three Principles" refer to safety, liquidity and efficiency, which are the fundamental principles of commercial bank loan operations. Article 4 of the "Commercial Bank Law of the People's Republic of China" stipulates: "Commercial banks take safety, liquidity, and efficiency as their operating principles, implement independent operations, bear their own risks, be responsible for their own profits and losses, and self-discipline." Loan safety It is the primary issue faced by commercial banks; liquidity refers to the ability to recover loans within a predetermined period or to realize cash quickly without loss, so as to meet the needs of customers to withdraw deposits at any time; efficiency is the basis for the continued operation of banks. For example, when issuing long-term loans, the interest rate is higher than that of short-term loans, and the efficiency is good. However, if the loan period is long, the risk will increase, the safety will be reduced, and the liquidity will become weaker. Therefore, there must be harmony among the "three natures" so that there will be no problems with loans.