Formal loan companies are permitted by law, and the conditions for the establishment of non-bank financial institutions approved by the industrial and commercial departments are also very harsh. Therefore, formal loan companies are still relatively few in principle. However, many swindlers cheat under the banner of small loan companies, which makes borrowers suffer losses. To judge the authenticity of small loan companies, we need to start with their business qualifications.

Choose a bank or a small loan company for the loan. We can see the differences between banks and small loan companies in loan amount, loan term, loan interest rate, use requirements, threshold requirements for borrowers, repayment methods, etc., so as to choose the loan method that suits them.

There is no limit or restriction on the personal loan amount. Some small banks limit the amount of personal loans to 5 million yuan or 6.5438+million yuan, which can generally meet the needs of customers.

Formal lending institutions have fixed business premises and contact information, while informal lending institutions generally only have a mobile phone number or QQ number, and will not leave a fixed landline number, so pay attention to the contact information of this institution.

B, according to the acceptance area

Formal lending institutions only handle local business, which is conducive to controlling credit risk, while informal institutions generally claim that they can handle national business, which is probably a means for them to cheat in different places, so you should pay more attention to this matter.

C, according to the loan interest rate

"High risk often means high income". We often see that institutions with lower application threshold often charge higher interest because of higher loan risk, and vice versa. Therefore, if it is a "low threshold, low interest" loan product, it is obviously not in line with market rules, so lending institutions with low interest rates must be cautious.