Flash loans are relatively reliable. However, any loan has risks, so you need to be vigilant and think twice before making a decision. It is still recommended to choose formal financial institutions such as banks.

Lightning Loan is a mobile-based loan assistance platform launched by Zhangzhong Financial Services in 2014. It mainly provides users with loan assistance services for short-term small loans. Users of Lightning Loans obtain a credit limit through credit certification and can borrow money at any time within the limit. Flash loans require credit review of personal information, bank account number, and WeChat ID. These elements include a person's basic information. If the conditions are met, flash loans will immediately transfer the loan to the borrower's bank card. As a financial information service platform for young people, Lightning Loan has four major advantages: professionalism, speed, low threshold, and convenience. The fastest loan can be as fast as 56 seconds. Compared with the traditional loan model, flash loan is really a flash loan. However, even with so many advantages, we still have to remind you that loans need to be treated with caution.

1. Bank loan process:

1) Apply for a loan and bring the information to a bank outlet to apply for a loan;

2) Review, the bank’s review of the applicant Verify credit, assets, personal information and other information;

3) Sign a contract. After passing the review, the bank signs a loan contract with the lender;

4) The loan is issued and the bank presses the loan The contract stipulates that the loan shall be extended on schedule;

5) To repay the loan, the lender shall repay the principal and interest of the loan in full according to the time stipulated in the contract.

2. Precautions for online lending platforms:

1) Platform information disclosure: At present, information disclosure is an important part of the compliance of online lending platforms. Among the content disclosed by the platform, lenders can understand the basic information and strength of the platform. Through the national enterprise credit information disclosure system, they can check the information of the platform company and see whether the company has bad records, risk information, etc.

2) Examine the project information: To avoid problems with funds when lending, you must choose the real target. When you lend, you need to know the details of the loan, look at the borrower's information and qualifications, whether the loan amount is within the compliance range, and what the purpose of the loan is. If it is a home loan, this category is not compliant. In addition, what are the main repayment methods and determine whether you have the ability to repay the loan.