The maximum period is 10 years.

1. The procedure is simple, the loan process is fast, and the procedures are simple; the loan procedure of small loan companies is simple. The loan is based on customer application, acceptance and investigation, verification of mortgage situation, guarantee situation, loan committee approval, and signing of loan contract. , loan issuance, loan principal and interest recovery and other management. It is generally completed within 7 days from the date of loan acceptance, which is more convenient and faster than borrowing from a bank. Compared with private loans, the interest rate is much lower.

2. Flexible repayment methods: repay the principal and interest in equal monthly installments, quarterly interest repayment when due, one-time repayment of principal and interest upon maturity, or two repayments of principal and interest, etc. repayment method.

3. The scope of loans is wide; the service targets of small loan companies are mainly small and medium-sized enterprises, individual industrial and commercial households, farmers, etc.

4. The marketing model is flexible; under controllable risks, small loan companies implement a non-rating and non-credit marketing model, which breaks the long-term business model of commercial banks and other formal financial institutions. It has the advantages of simplicity, The characteristics of high efficiency and speed are conducive to timely access to credit support for small and medium-sized enterprises, alleviating the short-term financing difficulties of small and medium-sized enterprises and individual industrial and commercial households, and to a certain extent, making up for the shortcomings between bank loans and private lending.

5. The quality of loans of small loan companies is high; the quality of loans of small loan companies is high because almost all of the funds loaned by small loan companies are shareholders’ own funds, so the review of loan projects is Be more cautious; because small loan companies are privately operated and mainly lend money locally, they can fully understand the borrowers and their purposes, so they have certain benefits in risk control.

6. Small loans have low social risks. Microfinance companies do not illegally raise funds, do not lend money at high interest rates, and do not use idle members of society to collect loans. It has its own implementation methods for raising funds, lending, and collecting loans, and it only lends but does not deposit, and does not involve public deposit issues, so social risks are small.