Basic situation
Hubei consumer finance is not an ordinary online lending platform, but a loan company with a consumer finance license, which was initiated by Hubei Bank. Therefore, the consumer finance in Hubei is very formal.
Note: Consumer finance companies refer to non-bank financial institutions that are approved by China Banking Regulatory Commission, do not absorb public deposits, and provide loans for consumption to individual residents in China on the principle of small amount and dispersion.
Loan products
As a formal consumer finance company, Hubei Consumer Finance has many loan products and its own mobile APP "Hip Bag". There are three main products in consumer finance in Hubei, namely, hi flower, hi bag and hi cycle.
Hi Flower can provide you with a loan of no more than 10000 yuan, and the amount can be recycled and withdrawn.
The loan amount of Hi package is relatively large, with a maximum of 200,000 yuan, and the loan can be completed as soon as 1 day, which supports installment repayment.
Hi cycle is designed for the old users of consumer finance in Hubei. You can lend 200,000 yuan in 10 minutes at the earliest, and you only need your ID card and bank card to apply.
The above answers the question of which online loan Hubei consumer finance is. Generally speaking, Hubei consumer finance is a formal lending platform initiated by Hubei Bank and licensed by China Banking Regulatory Commission.