Formal loan companies are more reliable. Formal loan companies are permitted by law, and the conditions for the establishment of non-bank financial institutions approved by the industrial and commercial departments are also very harsh. Therefore, formal loan companies are still relatively few in principle. However, many swindlers cheat under the banner of small loan companies, which makes borrowers suffer losses. To judge the authenticity of small loan companies, we need to start with their business qualifications.

Choose a bank or a small loan company for the loan. We can see the differences between banks and small loan companies in loan amount, loan term, loan interest rate, use requirements, threshold requirements for borrowers, repayment methods, etc., so as to choose the loan method that suits them.

There is no limit or restriction on the personal loan amount. Some small banks limit the amount of personal loans to 5 million yuan or 6.5438+million yuan, which can generally meet the needs of customers.

Generally speaking, 80% of lending institutions will require borrowers to repay in advance in the name of collecting deposits, handling fees and interest. But in fact, regular small loan companies will start charging related fees in the first month after the loan is successful. Banks that value collateral and have a high threshold for checking credit reports pay attention not only to the borrower's repayment ability, but also to whether it has good personal credit when reviewing personal qualifications.