Note that micro-loans have a one-day grace period, that is, the repayment date is not clear at 24:00 the next day, then it is overdue.
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"Micro-loan" is the first online micro-credit revolving consumer loan product launched by Weizhong Bank, the first internet bank in China, for WeChat users and mobile QQ users. 20 15 was launched on mobile QQ in May and on WeChat in September.
"Micro-loan" adopts the official invitation system [13]. Invited users can see the "micro-loan" entrance in the "QQ wallet" of mobile QQ and "WeChat payment" of WeChat, and can get a loan amount of up to 200,000 yuan.
As an Internet banking loan product launched by Weizhong Bank, "micro-loan" has the following characteristics:
(1) Unsecured and unsecured;
Most personal loans provided by traditional financial institutions require borrowers to provide guarantees such as mortgages, and it is difficult for individual users who cannot provide guarantees or have no fixed assets under their names to obtain loans. "Micro-loan" does not need mortgage and guarantee, and does not need to submit any paper materials, which can better meet the micro-financing needs of users with good credit. [6]
(2)7*24 hours service, the fastest 1 minute to complete the loan;
Relying on strict risk control rules and complete technical support system, "micro-loan" provides 7*24 hours online service, with convenient and efficient procedures. All processes are completed on mobile phones, and loans can be made in 40 seconds at the earliest. [7]
(3) There is no handling fee for prepayment;
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 regular default withholding repayment, "micro-loan" also supports users to settle loans at any time without charging any other additional formalities. [8]
Quota and interest rate:
The credit line of "micro-loan" to users is between 100 yuan [14] and 200,000 yuan, which varies according to the individual's comprehensive situation. A single loan can be loaned 100-40,000 yuan. [9] [ 14]
The daily interest rate is 0.02% [10] -0.05%, and the interest of 10,000 yuan per day is 2-5 yuan.
Loan data:
By the end of 20 19, "micro-loan" had issued more than 460 million loans to more than 28 million customers in nearly 600 cities in 3/kloc-0 provinces, municipalities directly under the central government and autonomous regions, with a cumulative amount of more than 3.7 trillion yuan. [ 12]
Development:
On May 20 15, "Micro-loan" was officially launched on mobile QQ, and landed on WeChat on September 14. [ 1 1]
By the end of 65,438+February in 2020, the micro-loan financial poverty alleviation project has been officially launched in 42 poverty-stricken counties (including 32 national-level ones), and the total value-added tax contributed by the project to poverty-stricken areas is about145.3 billion yuan, effectively helping local poverty alleviation. [ 12]