Banks are financial institutions and have no direct relationship with natural persons, so the lenders who take loans are not banks. The depository bank of the auction loan is China Merchants Bank Co., Ltd. Shanghai Branch. When the borrower borrows money through auction loan, the auction loan will be deducted through China Merchants Bank Shanghai Branch.
When some borrowers pass the loan, the details will show the loan suspense account of Wuhan Zhongbang Bank loan platform. In order to cope with the accounting and supervision of some situations where it is difficult to determine whether to borrow or lend, a suspense account was opened in Wuhan Zhongbang Bank to handle the loan matters.
The characteristic of P2P loan is person to person. If the funds are provided by the bank, the loan method should be P2B. The online loan of P2B mode is characterized by individual-to-institution, and most of the funds of P2B platform are provided by banks or other formal financial institutions.
Borrowers can go to the People's Bank of China or its branches to print personal credit reports, which will display bank inquiry records.
Paipai Loan is a financial technology company, established in June 2007 and headquartered in Shanghai, an international financial center. At present, the auction loan has been listed on the New York Stock Exchange with the stock code "PPDF".
Since its establishment, Paipai Loan has always followed the principle of "Finance is at your fingertips, and credit changes China", followed the essence of finance, and provided users with the most convenient and available loan matching service with innovative technology to help inclusive finance develop in China. Moreover, the loan lending end includes a new decentralized loan rainbow and automatic bidding strategy, which brings excellent lending experience to users with automatic bidding tools.
With the further clarification of supervision, it is believed that the online lending industry will be accelerated and the compliance platform will stand out. Since the release of the online loan compliance inspection "108" list, the online loan industry has a unified national standard for filing, and the follow-up progress has also attracted much attention. As a pioneer in the online loan industry, Paipai Loan has completed the self-inspection work and submitted the compliance self-inspection report to the relevant departments in Shanghai on September 30, 20 18.
In addition, Paipai Loan actively responded to the regulatory requirements, timely sorted out and submitted overdue user data, and became one of the first 15 representative institutions to sign contracts with Baixing Credit Information System at the end of June this year, submitting credit information to Baixing Credit Information System in a comprehensive, accurate and timely manner.
It is understood that since its establishment, the auction loan has adhered to compliance development and has strictly followed the principle of small amount dispersion and no guarantee. From June, 2065438 to June, 2007, Paipai Loan and China Merchants Bank officially launched the customer fund depository system. China Merchants Bank was one of the first 25 banks that passed the evaluation of online loan fund depository system announced by China Internet Finance Association in September this year.