1. What risks may exist in online loan platforms?
The risks of online loan platforms are mainly for lenders. The risk is nothing more than not getting the money back. The reasons are: It may be that the boss ran away, the capital chain was broken, etc. There are also some fake platforms that are purely self-financing and Ponzi schemes.
In fact, it is very simple to tell whether an online loan platform is legitimate. Take Shangying Financial Services as an example. First determine the positioning of the information intermediary, and then look at bank custody, filing, and information disclosure. Basically, there is no problem. Just be sure.
2. What are the formal online loan platforms?
Formal online loan platform:
1. It was launched in 2012 and listed on the stock exchange in 2015.
2. Renrendai is a loan platform of Youxin Financial Services Group. It was established in 2010 and is one of the earliest online loan platforms in China.
3. Lufax, which is a platform under Ping An of China, was established in Shanghai in September 2011, and was approved by the Shanghai Stock Exchange.
4. Paipaidai, which was established in 2007 Established in June 2017, it was listed on the New York Stock Exchange in 2017 and is China's first online lending platform.
What is online loan? In fact, as the name suggests, online loans are online loans. For example, if you are in an online loan company, this is an online loan. And like Huabei, which many people use, this is an online loan. Online loans are actually borrowing money. Borrowing money from others online. Common online loans are safe. It is also a formal channel. Some online loans are informal channels, such as Beware of Flowers. These are formal channels, and the interest rates are relatively low. So when you borrow money from others online, it is also called an online loan. So this This kind of online loan is better than the informal online loan.
Borrowing money, for example, if I use it normally and repay it normally, then I think this online loan is a normal thing, but if you borrow money from major platforms, you will also borrow money from irregular platforms. Going there to borrow money, and this kind of online loan, is particularly dangerous. It is possible that your family will be ruined, and you will be in debt. So what about something like this? Sometimes I owe money to online loans, which leads to my family being ruined. Because some of them are irregular, the interest rates on online loans are extremely high, and the interest is compounded, which is straightforward.
The reason why many people blindly borrow money is because they blindly consume and compare, which is why so many people take online loans, resulting in huge debts that they cannot bear. It’s straightforward. But blind consumption, we should not blindly consume and compare.
In general, it sounds like blind consumption is the reason why you owe huge amounts of money. Therefore, we really don’t want to consume blindly. It will have an impact on our future and cause us to owe huge debts. If we can’t bear it, it will be a direct result.
3. What is Internet financial management? Is it safe and reliable?
Hello. Internet finance concept Internet finance refers to an emerging finance that relies on Internet tools such as payment, cloud computing, social networks, and search engines to realize financial financing, payment, and information intermediary services. Internet finance is not a simple combination of the Internet and the financial industry, but a new model that naturally arises to adapt to new needs after it is familiar with and accepted by users (especially the acceptance of e-commerce) at the level of security, mobile and other network technologies. and new business. It is an emerging field that combines the traditional financial industry with the spirit of the Internet. The difference between Internet finance and traditional finance lies not only in the media used in financial services, but more importantly in the fact that financial participants understand the essence of the Internet of "openness, equality, collaboration, and sharing". Through tools such as the Internet and mobile Internet, traditional Financial business has a series of characteristics such as greater transparency, higher participation, better collaboration, lower intermediate costs, and more convenient operations. [1] In theory, any Internet application involving broad finance should be Internet finance, including but not limited to third-party payment, online financial product sales, credit evaluation review, financial intermediary, financial e-commerce and other models. The development of Internet finance has gone through many stages such as online banking, third-party payment, personal loans, corporate financing, etc., and is increasingly going deep into the core of traditional financial business in terms of financing and matching between fund supply and demand. The current major Internet financial model in China is that traditional finance provides services to everyone through Internet channels. This is the online banking that everyone is familiar with. The role played by the Internet should be that of a channel.
The second model is similar to Alibaba Finance. Because it has an e-commerce platform, it creates better conditions for providing credit services than other lenders. The role played by the Internet is to obtain credit support based on big data collection and analysis. The third model, the P2P model that everyone often talks about, provides more intermediary services. This intermediary combines the demand side of the fund lender. [7] Since its development, many models have been derived from the concept of P2P. There are more than 2,000 online lending platforms in China, with different platform models. They can be summarized into the following four categories: 1. Guaranteed transaction model by guarantee institutions, which is also a relatively safe P2P model. This type of platform acts as an intermediary. The platform does not absorb deposits or lend money. It only provides financial information services and is provided with double guarantees by cooperative small loan companies and guarantee institutions. This model was first created on the Chuangfudai platform, and the product "Institutional Guarantee Standard" was jointly launched by Chuangfudai and Zhongan Credit Industry. The trading model of such platforms is mostly "1-to-many", that is, a loan demand is invested by multiple investors. The advantage of this model is that it can ensure the safety of investors' funds. Large Chinese guarantee institutions such as Zhongan Credit Industry, Zendai Sudai, and Financial Union have all intervened in this model. 2. Internet service platforms launched by large financial groups. Compared with other platforms’ registered capital of only a few million, Lufax’s registered capital of 400 million is particularly eye-catching. This type of platform has the background of a large group, and is moving from the traditional financial industry to the Internet. Therefore, the business model has a stronger financial color and is more "skilled". In terms of risk control, Lufax's P2P business still uses online We reviewed the borrowers under the Ping An Group and cooperated with the guarantee company under Ping An Group to provide business guarantees. We also hired a professional team from abroad to do risk control. Although offline review and full guarantee are the most reliable methods, not all online loan platforms can afford the cost and cannot be promoted as industry standards. It is worth mentioning that Lufax adopts a "1-to-1" model. There is only one investor for each loan, and the investor needs to make the investment online by himself, and the investment period is 1-3 years, so when it was first launched, every day Complaints about being unavailable and low in liquidity. However, due to the clear creditor's rights under the 1-to-1 model, Lufax launched a creditor's rights transfer service at the end of 2012, which alleviated the problems of insufficient supply and poor liquidity. 3. A comprehensive transaction model based on transaction parameters and combined with O2O (Online to Offline, combining offline business opportunities with the Internet). For example, Alibaba has added a credit review system for e-commerce companies to integrate loan information. The P2P business created by this small loan model has advantages by virtue of its customer resources, e-commerce transaction data and product structure. It established two offline companies to serve its platform customers. Offline business opportunities are combined with the Internet, making the Internet the front desk for offline transactions. 4. Innovative financial management methods represented by the P2P online lending model have received widespread attention and recognition. Compared with traditional financial management services, the main borrowers of P2P are individuals, mainly credit borrowings, and the source of borrowings is strictly restricted. For small, medium and micro enterprises that have good physical operations and can provide fixed asset mortgages and have borrowing needs. Relying on the offline multi-financial guarantee system established, the inherent contradictions in the P2P model are completely solved structurally, making security protection more practical and powerful. The fourth model, through interactive marketing and full use of the Internet, closely integrates traditional marketing channels and online marketing channels; transforms the financial industry from "product-centric" to "customer-centric"; adjusts the relationship between the financial industry and other We have established relationships with financial institutions to build an open and shared Internet financial platform. Due to the short development time of this model, the platform models are different, which can be summarized into the following three categories: 1. Professional P2P (Professional to Professional) model. Establish a platform for information exchange and resource sharing among professional financial service personnel, engage in information matching and accurate recommendations in the middle, and promote the establishment of online trust and the desire for transactions. The professional P2P model is far from comparable to the P2P loan model that is prevalent in the market. It is essentially in line with the rules of financial supervision, meets the needs of current financial institutions for their own development, and is more in line with the spirit and characteristics of the Internet. 2. Financial mixed business operation model. Open shared resources to all financial institutions through the Internet platform, publish various financial products and project information for financial product sales staff, and create and customize financial products for customers.
The Internet platform used in financial mixed operations is positioned to serve 5 million financial institutions and non-financial institutions and account managers, and will include real estate, automobile, and luxury goods sales staff, providing an open platform for comprehensive development and cross-border development. A platform for sales, offering rewards, trading, displaying, learning, and managing and serving your own customers. 3. Financial cross-selling model. Break down the institutional barriers in the financial management industry, gather investor resources through the exhibition and sale of various financial products on the platform, and promote the sales of financial product sales personnel's products. Financial product sales staff can conduct internal communication and resource replacement on the platform, find and form their own cooperation teams in different product fields, and after reaching the benefit sharing rules, the team can share investor resources and promote investors. Allocate assets within the team's products, thereby achieving cross-selling cooperation among financial product sales staff and achieving maximum success. Modern information technology represented by the Internet, especially mobile payments, cloud computing, social networks and search engines, will have a fundamental impact on human financial models. In 20 years, a third financial operating mechanism that is different from indirect financing by commercial banks and direct financing in the capital market may be formed, which can be called the "Internet direct financing market" or "Internet financial model." Under the Internet financial model, due to the presence of search engines, big data, social networks and cloud computing, the degree of market information asymmetry is very low. The costs for both parties to match the funding period and risk sharing are very low. Intermediaries such as banks, securities firms and exchanges None of them work; the issuance and trading of loans, stocks, bonds, etc., as well as coupon payments, are conducted directly online. This market is fully efficient and close to the state without financial intermediaries described by the general equilibrium theorem. Under this financial model, payment is convenient, search engines and social networks reduce information processing costs, and direct transactions between supply and demand of funds can achieve the same resource allocation efficiency as direct financing in the capital market and indirect financing by banks, and while promoting economic growth, Significantly reduce transaction costs. Taking the P2C model as the representative Internet financial platform, Ai Investment is a representative of this type. Compared with other platforms, the P2C model pioneered by Ai Investment has its borrowers as enterprises with stable cash flow and repayment sources. Compared with individuals, corporate information is easier to verify and the source of repayment is more stable. In terms of risk control, Ai Investment has gone through a strict offline review system to strictly control the qualification review and on-site inspections of companies applying for financing, and has unearthed corporate projects and project information with great investment value, and disclosed them to investors in detail. In addition, Ai Investment cooperates with experienced financing guarantee companies in corporate guaranteed loans. At the same time, its self-built risk control team will verify the cooperative guarantee companies and the projects submitted after review by the guarantee companies to ensure the safety of investors' funds. Get a valid guarantee. From the perspective of structured design concept, Ai Investment adheres to the principle of letting professional institutions do professional things. Use the Internet to achieve information symmetry and efficient use of resources, so that investors and demanders with financing needs can be directly connected, and complicated intermediate links can be reduced as much as possible, so that investors can directly enjoy the growth dividends of enterprise operation and development. In contrast, corporate direct investment information is more transparent, and investor returns have also been significantly improved compared to other investment methods. Main features 1. Low cost. Under the Internet financial model, both supply and demand sides of funds can complete information screening, matching, pricing and transactions on their own through the online platform, without traditional intermediaries, transaction costs, and monopoly profits. On the one hand, financial institutions can avoid the capital investment and operating costs of opening business outlets; on the other hand, consumers can quickly find financial products that suit them on an open and transparent platform, which reduces information asymmetry and saves time and effort. 2. High efficiency. Internet financial services are mainly processed by computers, and the operating procedures are completely standardized. Customers do not need to wait in line, the business processing speed is faster, and the user experience is better. For example, Alibaba Small Loan relies on the credit database accumulated by e-commerce. After data mining and analysis, it introduces risk analysis and credit investigation models. It only takes a few seconds for merchants to apply for a loan and issue it, and can complete an average of 10,000 loans per day, becoming a real "Credit factory". 3. Wide coverage. Under the Internet financial model, customers can break through time and geographical constraints and find the financial resources they need on the Internet. Financial services are more direct and the customer base is broader. In addition, the customers of Internet finance are mainly small and micro enterprises, covering some of the blind spots of financial services in the traditional financial industry, which is conducive to improving the efficiency of resource allocation and promoting the development of the real economy. 4. Rapid development.
Relying on the development of big data and e-commerce, Internet finance has grown rapidly. Take Yu'E Bao as an example. Within 18 days of its launch, Yu'E Bao has accumulated more than 2.5 million users and 6.6 billion yuan in transferred funds. According to reports, Yu’e Bao has a scale of 50 billion yuan, making it the largest public offering fund. 5. Weak management. One is weak risk control. Internet finance has not yet been connected to the credit reporting system of the People's Bank of China, and there is no credit information sharing mechanism. It does not have risk control, compliance and collection mechanisms similar to those of banks, and is prone to various risk problems. There is already Zhongdai.com P2P online lending platforms such as Wangyingtianxia and Wangyingtianxia declared bankruptcy or ceased services. Second, supervision is weak. Internet finance is in its infancy in China, with no regulatory and legal constraints, lack of entry thresholds and industry regulations, and the entire industry faces many policy and legal risks. 6. The risk is high. First, the credit risk is high. At this stage, China's credit system is not yet perfect, and the laws related to Internet finance have yet to be implemented. Internet finance has lower default costs, which can easily lead to risk problems such as malicious loan fraud and money withdrawals. In particular, P2P online lending platforms have become a hotbed for criminals to engage in illegal fund-raising and other criminal activities due to low entry barriers and lack of supervision. Since last year, P2P online lending platforms such as Taojindai, Youyi.com, and Antai Excellence have successively exposed incidents of "escape". Second, network security risks are high. China's Internet security problems are prominent, and the problem of online financial crimes cannot be ignored. Once hackers attack, the normal operation of Internet finance will be affected, endangering consumers' financial security and personal information security.
4. Are formal online lending platforms safe? There are mainly the following risks
In most cases, if users are short of a few thousand or tens of thousands of yuan, most people will be more willing to apply for a loan on an online loan platform. Compared with bank loans, online loan platforms have a simpler application process and faster disbursements. Are formal online lending platforms safe? There are mainly these risks!
Are formal online lending platforms safe? The emergence of online loans has made life easier for many people and has also brought about major changes to some users. Some well-known small loan APPs have even become important consumption tools in people's lives. In reality, if users choose an informal online loan platform, they will often face multiple risks such as high interest rates, debt collection, etc. If the borrower chooses a formal online loan platform, the interest rate must be within the scope of national regulations, and the loan interest rate will also be recorded in the credit report. But if not done properly, there are some risks. 1. High penalty interest As long as it is a formal online loan platform, the loan interest will be within the scope of national regulations. However, if the borrower accidentally overdues the loan, the penalty interest on most online loan platforms is relatively high. There are even compound interest rates on some online loan platforms. As interest rates continue to compound, the possibility of borrowers paying off their debts will only become smaller and smaller. 2. Formal online loan platforms with damaged credit records will keep borrowers’ loan and repayment records in their books. If a borrower's online loan is overdue, his or her credit report will bear the brunt of the damage and there will be some tainted records on it. The longer the overdue period, the more serious the credit damage will be. If you are not careful, it will be difficult for the borrower to apply for any credit business from other financial institutions in the future. The above is the sharing of relevant content about "Are formal online loan platforms safe?" I hope it can help everyone!