To some extent, installment is actually a conventional loan. When the user applies for installment, the installment will not give the user a credit line, but will recommend other online loan products to the user. These online loan products seem to have nothing to do with future installments, but actually have business cooperation with future installments, and some even belong to loan products in future installments. It is precisely for this reason that although the future installment is a formal loan product, the loan business operated by installment is not formal at all.
First, future installment is just a loan product.
I checked the information of future installment online, which is very formal and can be regarded as a formal loan product. But now there are many routines for online loan products, and users will be routines in the future. As I said above, it is difficult for users to borrow by installment. In the future, they will recommend users to third-party online loan products and finally harvest users with other online loan products.
Second, there are many routines in stages, and it is not recommended for users to apply.
Personally, I don't advocate users to apply for online loan products, because almost all online loan products have different levels of routine problems, as well as staging. The annualized loan interest of future installment itself is only about 15%, which seems reasonable, but the annualized comprehensive interest of third-party online loan products recommended by future installment basically exceeds 25%, which is very amazing.
Third, you can understand the future installment as a kind of online loan product with the nature of a loan supermarket.
The reason for this is that there are many recommended online loan products on the software in the next issue. These online loan products are all so-called small loans, which are what we often call routine loans and black online loans. I advise users to use this kind of software with caution, and it is best not to use it at all. Because if you lack money for a short time, you can find other ways to solve it. However, if you borrow online loan products, you will be insolvent sooner or later, which is a slow vicious circle.