Operators You can judge whether the platform is reliable by paying Huabei in installments. The main operating entity of Fenqi Huabei is an Internet company, not a bank, consumer finance company, or large well-known enterprise. Therefore, the reliability of Huabei in installments will be lower.
Borrowing model The installment loan model of Huabei is a pure credit loan, which only requires the borrower to provide some basic information. You can pay attention to whether the installment Huabei requires you to provide some particularly important private information. If not, the platform is pretty reliable.
Loan interest The minimum loan interest for Huabei in installments can be as low as 10,000 yuan and 2 yuan per day. The specific interest rate depends on the borrower's own conditions. In addition, it is not ruled out that Huabei will charge fees other than interest in installments. Before you take out a formal loan, you must first calculate what the overall loan rate is and whether it exceeds the 36% red line. Through the above content, I will introduce to you whether Huabei in installments is reliable. In short, you can judge from three aspects: operating entity, borrowing model, and loan interest.