2. The quota is low. Due to the low threshold of online loan application, the risk is relatively large. Lenders often don't give too high a quota, usually around 1000 ~ 8000 yuan. Individual users with better qualifications can get a quota of tens of thousands of yuan. Small amount is an important feature of online lending, which is suitable for users who need money temporarily.
3. The application is simple. I believe many people have had this experience. To get a bank loan, you have to queue up first, and some even have to make an appointment in advance, and then communicate the details of the loan, prepare relevant materials for business, and sign relevant contracts after waiting for review. In short, it is time-consuming and laborious. The characteristic of online lending is convenience. You don't need an extra holiday. You can apply for a loan directly online, upload information, and deposit the money directly into your bank card after approval.
4. Flexible repayment. Online lending supports a variety of repayment methods. You don't need to transfer money to the bank for repayment. You can open automatic repayment and deduct it from the bank card every month. In addition, you can borrow it and return it. If you are not short of money, you can repay in advance. The whole process is online, which saves a lot of processes.