WeBank, an Internet bank initiated by Tencent and other companies, received a financial license from the Shenzhen Banking Regulatory Bureau in December 2014. This bank can provide a variety of financial services, so how can we borrow money from WeBank?

How to borrow money from WeBank?

1 Find the right loan product

Currently, WeBank mainly has 5 loan products, including Weiye Loan, Weili Loan, WeCar Loan, Wealth Loan and WeBank Loan these five kinds.

①Micro Industry Loan: This is mainly a loan service launched for small, medium and micro enterprises. Currently, only invited customers in Shenzhen, Guangdong can participate in the experience. Users can complete it directly online without any mortgage.

②Weilidai: This is mainly a microfinance product launched by WeBank, which mainly adopts a user invitation system.

③Wei Auto Loan: A car loan product launched by WeBank. We can obtain quick repayment, view repayment plans and records, pre-deposit and repay, and change bindings through the WeBank Auto Finance applet. Card, application for settlement certificate and other services.

④Wealth Loan: This is a pledge loan product launched by WeBank. The investment and wealth management products held by WeBank must be used as collateral in order to obtain a loan. However, this method is not cost-effective because the annualized income of financial products is completely inferior to the annualized interest rate of loans.

⑤Weizhongdai: It is called "micro-secondary loan". There is no penalty for early repayment, and the maximum limit is 300,000.

In short, WeBank has different borrowing methods for different groups and different needs. We can apply for one of them according to our needs.

2 Submit an application: We can apply directly on WeChat or WeBank official, but if you want to apply for a micro car loan, you need to download the Uxin used car APP and find my in the My column Pay half and submit a loan application after entering.

3 Waiting for loan disbursement: The bank will conduct a credit review on us based on the materials we provide and our credit report and other information. When our application is approved, we can wait for the loan.