The so-called advertisements on the street that you can get a loan only by your ID card are generally deceptive. You shouldn't take risks, because you need financial assistance badly. When applying for a loan, you need to go through a formal lending institution or bank.

It is understood that although it is relatively easy to apply for a loan now, it still needs the borrower to have a stable working and repayment ability, so as to ensure the smooth recovery of funds and the lending institution to secure the loan. If the borrower does not even have the minimum repayment ability, the lending institution will not easily issue loans.

In addition, it should be noted that although the ID card is a necessary proof for applying for a loan, it cannot be used as a loan voucher, let alone for applying for a loan. If a borrower meets an institution that claims to be able to borrow money only by using an ID card, he must be careful to avoid being deceived.

P2P online lending, also known as P2P peer-to-peer lending. P2P is the abbreviation of English peer to peer, which means "person to person". Internet credit originated in Britain, and then developed to the United States, Germany and other countries. Its typical model is that online credit companies provide a platform for borrowers and borrowers to bid freely and reach a deal. Lenders of funds receive interest income and bear risks; The borrower repays the principal when it is due, and the online loan company charges the intermediary service fee.

The biggest advantage of P2P online lending is that borrowers who are difficult to be covered by traditional banks can fully enjoy the efficiency and convenience of loans in the virtual world. In the past two years, the number of online lending platforms in China has increased rapidly, and there are about 350 active platforms at present.