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What are the advantages of private lending?

1. Advantages of private lending:

2. From the perspective of simplicity: the private lending process is simple, the procedures are simple, and the materials that need to be submitted are streamlined, unlike banks that need to provide Too much material.

3. From the perspective of flexibility: private borrowing is an agreement between the creditor and the debtor. There are no restrictions within the bank. As long as both parties agree and comply with relevant legal provisions, it can be done. However, for To ensure the interests of the lender, mortgage, notarization and guarantee must be made.

4. Legal basis

5. Article 211 of the "Contract Law" stipulates that if a loan contract between natural persons stipulates the payment of interest, the interest rate of the loan shall not violate the relevant national restrictions on loan interest rates. Regulation.

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