I searched this question online and found that there is indeed a lot of information similar to "I can borrow money with my ID card", such as the following:
Looks like a bluff. The brother who desperately needs money is ready to move? What I want to say is:
In fact, "an ID card can be loaned" basically has two situations: 1. A scam; 2. Exaggerate publicity.
Common scams based on ID card loans are as follows:
1. Pay first and then lend.
The loan has not been made up yet, and all kinds of expenses, packaging expenses and production expenses are gone. Formal microfinance institutions do not charge fees before lending, so loans that charge upfront fees must be scams.
2. I borrowed usury in a muddle.
Advertisements such as "zero interest rate, loan with ID card" lure people in urgent need of money into the market. Afterwards, borrowers often find that this usury is actually opaque, with a lot of miscellaneous fees, and the interest rate even exceeds 1000%.
3. Stealing bank cards
Liars first submit personal privacy information, then lie that there is something wrong with the bank card, ask the borrower to apply for a new bank card, and then induce the borrower to transfer money to the new bank card. Finally, the borrower will find that all the money in the new bank card has been transferred.
In addition to the scam mentioned above, what does the "ID card can be loaned" promoted by lending institutions mean?
Lenders say that loans are based on ID cards, not just an ID card. It's just an exaggeration of propaganda, and they often omit key requirements.
1. Credit loan
Although unsecured credit loans really don't need collateral, they need proof materials far more than ID cards, and they also need a series of materials such as income proof, residence proof and work proof. And the ID card is only a necessary condition.
Borrowing money with an ID card is just a gimmick and exaggerates publicity. Once you apply for a loan, you will be asked to submit a lot of personal information to assess whether you have the ability to repay.
2. Secured loan
Loans do require less materials for borrowers, but higher requirements for guarantors. The guarantor needs to have a stable income, a fixed occupation and be willing to vouch for you. In fact, the qualification examination of the borrower was transferred to the guarantor.
In this case, as long as you use your personal ID card to prove your identity and a qualified guarantor is willing to guarantee for you, you can really get a loan.
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