1. What POS can Haoxiangdai be used on?

It cannot. "Haoxiang Loan" is a temporary promotion period. Transactions above a certain amount consumed will be automatically included in the installment repayment. Moreover, the credit limit of Haoxiangdai is limited by time. If the credit card is not swiped in time for consumption and expires, it will be automatically adjusted back to the original limit.

2. What does OPS mean?

Ow money from the POS machine. POS deduction means that when you swipe your bank card, the POS machine debits your bank card to realize wireless payment instead of cash payment. The loan principal (Loanamount/Principal) refers to the amount of funds borrowed by the borrower from the lender. The loan principal does not include any fees required in the borrowing process (such as insurance, appraisal fees, etc.), which are included in the cost of the loan along with the interest you need to pay. Debt transfer, that is, the transfer of contractual obligations, refers to a legal system in which the debtor, creditor, and third party transfer all or part of the debt to a third party through an agreement on the basis that the content of the debt does not change. Debt joining refers to a legal system in which a third party voluntarily joins the legal relationship of a debt to become a new debtor and assume joint and several debts to the creditor with the original debtor without exempting the original debtor from liability.

3. What does POS loan mean?

For POS acquiring merchants, we will provide them with a certain amount of loans based on their POS account amount within a certain period. If I remember correctly, it is a product of China CITIC Bank. The loan period seen on Wangrong.com is less than 6 months, and the interest rate is appropriately higher than the benchmark interest rate for loans of the same period stipulated by the People's Bank of China.

4. What is the meaning of key loan?

One-click re-borrowing means that if your repayment credit is good, you can apply again.