1. Is the microfinance company reliable? Is it protected by law?
Not reliable. Microfinance companies generally target college students for the simple reason that college students are inexperienced and easily confused. In addition, although it is difficult for college students to repay themselves, calling home when they go to school to make trouble can also make a mountain out of a molehill.
The interest of small loan companies is very high, and more than 24% is not protected by law. So they use illegal ways to collect debts, such as making trouble, sitting in your house, disgusting you, calling colleagues, spreading rumors about you, sending spam messages to your mobile phone with some software and so on.
Second, how do ordinary microfinance companies borrow money?
Application process:
1, download the loan app by mobile phone.
Step 2 register an account
3, fill in and authentication information
4. Audit data
5. The loan was successful.
Formal microfinance companies usually have four characteristics:
1, legal qualification. If you want to apply for a loan from a small loan company, you need to know the relevant qualifications of this small loan company first. First of all, a regular small loan company should have a legal business license, a fixed office address and company phone number. The registered name of a company is generally composed of "region+name+small loan+company nature", because the word "small loan" can only be used after being audited by the provincial financial office.
2. Formal loan contract. Regular microfinance companies will not contact borrowers through QQ, WeChat, etc. In the process of loan approval. Only after the application is approved will they contact the borrower by phone and sign the loan contract in person. The so-called loan contracts that can be faxed online are basically liars.
3. There is no upfront cost. Formal small loan companies will not charge any fees before formal lending, while scammers will charge various fees, such as handling fees, management fees and capital verification fees. This is especially important for borrowers.
4. Loan interest rate. The interest of regular microfinance companies will rise on the basis of the bank's loan interest rate for the same period, but it will not be too high. Although small loan companies have service fees, management fees and other expenses in addition to interest. At the same time, we should pay attention to the low-interest (low-interest) loans on the Internet, which are mostly scams.
Precautions:
1. The application materials are true. To register with my commonly used mobile phone number, I must have an ID card, and the information filled in the bank card should be consistent with the bank reservation;
2. There is no record of expected non-repayment of loans from other platforms.
3. Provide a variety of auxiliary certifications. The more ultra vires the data authentication, the higher the credit limit and the higher the pass rate.
If the approval fails, you can apply again the next day.