Microfinance is a formal online lending platform. Unlike most ordinary online lending platforms, micro-lending belongs to the lending products of banks. Because this product was launched by Weizhong Bank on 20 15, friends who know Weizhong Bank know that Weizhong Bank is the first private Internet bank in China, and it was approved by China Banking Regulatory Commission in February of 20 14 and obtained a formal banking license. Therefore, relying on the strong background of Weizhong Bank, microfinance is more secure in terms of safety and reliability. Since micro-loan is a micro-loan product launched by the bank, if the user has overdue repayment. Weizhong Bank uploads personal overdue records to the central bank's personal credit information system. Therefore, users must remember to repay on time when using small loans, otherwise their credit information will be tarnished and may be rejected by banks in the process of handling credit cards or loans in the future.

"Micro-loan" is a pure online micro-credit revolving consumer loan product launched by Weizhong Bank, a domestic internet bank, for WeChat users and mobile QQ users. It was launched on mobile QQ in May 20 15 and on WeChat in September 20 15. "Micro-loan" relies on mobile QQ and WeChat, and adopts the official invitation system. Invited users can see the "micro-loan" entrance and WeChat "WeChat payment" in the QQ“QQ wallet of the mobile phone, and get a loan amount of up to 200,000 yuan.

As an online banking loan product launched by Weizhong Bank, "micro loan" has the following characteristics: 1. Unsafe, most personal loans provided by traditional financial institutions require borrowers to provide mortgages and other guarantees. It is difficult for individual users who cannot provide guarantee or have no fixed assets under their names to obtain loans. "Microfinance" does not need mortgage and guarantee, nor does it need to submit any paper materials, which can better meet the microfinance needs of users with good credit. 2.7*24 hours service, the fastest 1 minute to complete the loan. "Micro-loan" relies on strict risk control rules and perfect technical support system to provide 7*24 hours online service, which is convenient and efficient. The whole process is completed on the mobile phone, and the loan can be received in 40 seconds at the earliest. 3. Borrow it at any time and return it at any time. There is no service charge in advance. Most traditional financial institutions require users to repay on the repayment date. If the user wants to repay the loan in advance, he needs to apply and pay the handling fee. In addition to the traditional default repayment, "micro-loan" also supports users to settle loans at any time without charging any other extra fees.