On the Legitimacy of Micro-loan Network Providing Intermediary Matching Service: Clear Legitimacy
According to the provisions of Chapter XXIII "Intermediary Contract" of the Contract Law, especially Article 424 "Intermediary contract is a contract in which the intermediary reports the opportunity of concluding a contract to the client or provides media services for concluding a contract, and the client pays the remuneration", there is a clear legal basis for micro-credit network to provide intermediary services for private lending to match the borrower and the lender to form a lending relationship.
On the legality and enforceability of electronic contracts: The existing laws clearly stipulate the validity of contracts.
According to the provisions of the Electronic Signature Law, the parties may agree to use electronic signatures and data messages in contracts or other documents, documents and other documents in civil activities, and cannot deny the legal effect of contracts just because they use electronic signatures and data messages. At the same time, the Electronic Signature Law also stipulates that a reliable electronic signature has the same legal effect as a handwritten signature or seal. Clearly affirm that qualified electronic signatures have the same effect as handwritten signatures or seals. ?
On the legality of the loan investment income obtained by the micro-loan network investors: it is legal income and protected by law.
According to Article 6 of the Supreme People's Court's Opinions on People's Courts Handling Lending Cases: "The interest rate of private lending can be appropriately higher than the bank's interest rate, and local people's courts can specifically grasp it according to the actual situation in the region, but the maximum interest rate shall not exceed four times (including interest rate) of similar bank loans. If this limit is exceeded, the excess interest will not be protected. " At present, the benchmark interest rate of the People's Bank of China's one-year loan is 6.00%, so four times the benchmark interest rate of the loan is 24.00%, and the investment income of the micro-loan network is less than 24.00%, which is legal interest income and is protected by law. First-class professional team in the industry
The micro-loan network financial service platform consists of elite talents from domestic financial service institutions, leading figures in various industries such as law, e-commerce, economic research, and senior operation teams that have successfully operated a number of profitable projects. It has a first-class audit and risk control team and a perfect risk control system to fully protect the interests of investors from the system, process and system.
Double prevention and control to avoid transaction risk
First: strict loan review process.
All loan users or lenders need to conduct detailed online and on-site due diligence and rate their credit ratings through credit risk analysis. At the same time, a complete and rigorous risk management system has been established, including pre-audit, in-process review and post-event management, to control the default risk of overdue loans. ?
Loan enterprises must meet the following entry thresholds:
1, legal and compliant operation (business license, tax registration certificate, organization code certificate, etc.). );
2. Have a fixed business place (lease contract, etc.). );
3. Stable cash flow and good financial status (bank cash flow, financial statements, etc.). );
4. Provide reasonable loan purposes and a stable source of repayment (purchase and sale contracts, etc.). );
5. Have certain repayment guarantee measures (not limited to mortgage/pledge, guarantee, etc.). ).
Second: Effective guarantee measures.
The investment services released by the micro-loan network will undergo strict internal audit by the micro-loan network and professional institutions, and at the same time, the third-party guarantee company will be sought to provide guarantee. All investment projects are guaranteed by professional financial institutions, and the loan subjects provide mortgage, pledge and other guarantee measures to ensure the safety of investors' principal and income.
100% principal and interest guarantee plan
What is the principal and interest protection plan?
The "principal and interest protection plan" is a risk protection mechanism established by the micro-loan network to protect the common rights and interests of all investors in the platform. After all investors in the platform are authenticated, their investment behavior in the platform is applicable to the "principal and interest protection plan", and investors do not need to pay any fees for it.
How does the principal and interest protection scheme work? "Risk reserve account" refers to a special account opened and managed in the name of micro-loan network for the common interests of all investors serving the micro-loan network and serving the principal and interest guarantee plan of the micro-loan network platform.
When the lender fails to repay the loan, the micro-loan network platform will withdraw the corresponding funds from the account according to the Rules for the Use of Funds in Risk Reserve Accounts to repay the principal and interest that investors should charge. Enterprise data security
Adopt enterprise-level data security technology to ensure data security and continuous normal operation of equipment. Adopt server and data isolation to realize business continuity and disaster recovery and avoid data loss.
Encryption technology of the highest security level in financial institutions
Strictly implement the information confidentiality system and adopt the 128-256-bit mandatory encryption technology. When a customer conducts operations involving sensitive information such as membership management, personal account management, and cash withdrawal, the information will be automatically encrypted and then sent safely through the Internet.
File integrity check monitoring
Establish file integrity check monitoring control to prevent user information from being tampered with or deleted.